Services a wide range of clients
IRIS Accounts
Production uses the client details and trial balance held in the
centralised database to help you create a correct set of final
accounts for sole traders, partnerships, Limited Liability
Partnerships (LLPs) and limited companies. It prompts users to fill
any gaps that remain. All client accounts are supported with lead
schedules and working papers. You can also prepare periodic
management accounts or five-year summary accounts. A parameter
entered once – such as to indicate a small company – affects all
subsequent input and applies appropriate exemptions.
There are special layouts for doctors, farmers and pension
funds. All company reports are compliant with the legislation of
the UK, Northern Ireland, Jersey and Guernsey.
Adapts to the way your clients work
To match your client's
level of sophistication in keeping computerised records, multiple
trial balances are available, including: Basic TB, Extended TB,
Detailed TB, Variance TB and Multiple Year TB. In many cases, data
can be imported directly from the client's disk. You enter the
postings - coded to the chart of accounts - to arrive at the trial
balance, or you can ask the IRIS Accounts Production software to
read the trial balance file created by your clients' bookkeeping
software.
Automates all the essential aspects of preparing
presentation-ready accounts
For limited companies, IRIS Accounts Production creates the
wording of the directors' report and the audit report. It lays out
the profit & loss account, the balance sheet and cash flow
statement (if required), and intelligently generates all the
necessary notes based on existing information. To further reduce
the amount of time-wasting clerical activity, the pages are
automatically numbered to suit the layout and a
correct contents page is produced. The notes are referenced
and the note numbers created automatically. When any adjustment to
the journal is entered, it is immediately reflected throughout the
financial statements, with pages and notes being automatically
adjusted. The need for calling-over is eliminated.
Maintains share transactions
As an option, IRIS
Accounts Production can draw on the comprehensive Share Register
held in the single central IRIS database to maintain detailed share
transactions within a limited company.
