Iris unveils iXBRL ready software
Accounting software company Iris begins sale of its iXBRL compliant software for practices and businesses
ACCOUNTANCY SOFTWARE provider Iris has unveiled its tax software incorporating new technology required by HMRC to submit accounts.
HMRC has mandated that all company accounts due after 31 March 2011 must be filed online and use a new form of technology known as iXBRL. This is a form of electronic “tagging” technology that allows for easier comparison of financial data.
Iris has released its statutory accounts production software for both its accountancy practice users and accountants in business customers.
Phill Robinson, managing director of IRIS APS, said: “We believe we have an obligation to ensure that none of our customers are left behind in the switch over to iXBRL filing, and have introduced new ‘value-based’ pricing to ensure that even the smallest sole practitioner can be ready for iXBRL.”
Iris is offering accounts production software to its customers for approximately £100 for ten sets of accounts – a move away from the previous subscription model used by the business.