| IRIS Elements | Accountin | |
|---|---|---|
| Runs on | Cloud software, used in a browser | A web browser on a PC, Mac or iPad |
| Accounts types | Sole traders, partnerships, LLPs and companies under FRS 105 and FRS 102 Section 1A; full FRS 102, charities and groups on the Enterprise tier | FRS 105, FRS 102 Section 1A, sole trader, partnership, LLP and guarantee company accounts |
| Companies House | iXBRL accounts with electronic submission to Companies House | iXBRL accounts, filed from Accountin once Companies House issues its filing credentials |
| Tax returns | SA100, SA800 and CT600; trust returns are a separate product | SA100, SA800 and SA900 prepared and approved; filing switches on once HMRC issues Accountin's vendor ID |
| VAT | A VAT Filer that connects to HMRC | Returns built from the books or bridged from a spreadsheet; submission switches on once HMRC recognises Accountin |
| Income tax | IRIS says Elements is HMRC-recognised for Making Tax Digital for Income Tax | Quarterly updates and the final declaration; submission switches on once HMRC recognises Accountin |
| Taxfiler customers | Moved to IRIS Elements Tax and Accounts at the same price and on the same package | Set up from the trial balances in IRIS Elements or exported from Taxfiler |
Where IRIS Elements has more today
IRIS Elements files with HMRC and Companies House today, and covers full FRS 102, charities and group accounts on its Enterprise tier. IRIS also sells practice management, anti-money laundering checks and company formations as Elements modules.
Moving from IRIS Elements or Taxfiler
Each client needs its latest trial balance, which becomes its opening position in Accountin. Where Taxfiler practices can move covers the Taxfiler dates.
Accountin's filing status
Accountin is opening to its first practices. Year-end accounts, Companies House filing and the corporation tax return come first. Filing at Companies House switches on once Companies House issues Accountin's own filing credentials, and submission to HMRC switches on once HMRC has recognised Accountin. VAT and Making Tax Digital for Income Tax follow as HMRC approves each one.
Move your practice to Accountin
Register and we will plan the move with you, client by client.