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123 Sheets vs IRIS Accountancy Suite: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better 123 Sheets or IRIS Accountancy Suite?

We compare them based on real user reviews, prices and what features they both offer.

123 Sheets homepageIRIS Accountancy Suite homepage
 

123 Sheets vs IRIS Accountancy Suite Basics

123 SheetsIRIS Accountancy Suite
Software Website123 Sheets WebsiteIRIS Accountancy Suite Website
HMRC MTD StatusApprovedApproved
Who Can Use It?Agents and businessesAgents
HMRC Listed FeaturesDigital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updatesBridging software, Updates to HMRC for self-employment, Updates to HMRC for UK property, Tax estimates from HMRC based on provided updates
PlatformsWeb-based applicationCloud-based and Desktop application
Note data for this section comes from HMRC here and here

123 Sheets vs IRIS Accountancy Suite Reviews

Wondering if 123 Sheets or IRIS Accountancy Suite has better user reviews. We compared them below.

123 SheetsIRIS Accountancy Suite
Trustpilot Rating4.83.6
Number of Trustpilot Reviews12391616
iPhone App RatingNo RatingNo Rating
Number of iPhone ReviewsNo ReviewsNo Reviews
Android App RatingNo RatingNo Rating
Number of Android ReviewsNo ReviewsNo Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

123 Sheets vs IRIS Accountancy Suite Prices

Which is cheaper 123 Sheets or IRIS Accountancy Suite? Here are their prices compared.

123 Sheets pricingIRIS Accountancy Suite pricing

Free Plans & Trials

123 SheetsIRIS Accountancy Suite
Free Plan?NoNo
Free Trial?NoNo
Free Trial Length?NoNo
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

123 SheetsIRIS Accountancy Suite
Cheapest Plan Cost Per Month£1.65Not Listed
Mid-Tier Plan Cost Per Month£9.96NA
Top Plan Cost Per Month£69.95NA
Data taken from each company’s website at the time of writing but may have since changed.

123 Sheets vs IRIS Accountancy Suite Features

123 Sheets featuresIRIS Accountancy Suite features

123 Sheets Basic Features

  • Helping VAT returns run smoothly for MTD
  • Simplifying the MTD process for self employed
  • Simplifying the MTD process for Landlords
  • Simplifying the MTD process for Accountants

123 Sheets Software Integrations

  • Sage
  • Quickbooks

IRIS Accountancy Suite Basic Features

  • IRIS Options
  • IRIS Accounts Production
  • IRIS Business Tax
  • IRIS Personal Tax
  • IRIS Practice Management
  • IRIS Time and Fees
  • IRIS AutoMail
  • IRIS Company Formations
  • IRIS Company Secretarial
  • IRIS KashFlow Connect
  • IRIS Docs
  • IRIS Hosting
  • IRIS Resourcing
  • IRIS WebPortal
  • IRIS OpenSpace
  • IRIS Payments
  • IRIS Auditor
  • IRIS VAT Filer
  • IRIS Fixed Asset Register
  • IRIS SA700
  • IRIS Trust Tax
  • IRIS Payroll for Accountants

IRIS Accountancy Suite Software Integrations

  • KashFlow
  • Xero
  • QuickBooks
  • FreeAgent
  • MyWorkpapers

Common Feature Comparison

123 SheetsIRIS Accountancy Suite
Payroll Software IntegrationNoYes
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsNoYes
Prepare Self AssessmentNoYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesNoYes
Forecast Cash FlowNoYes
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingNoYes
ProjectsNoNo
Bank Feed IntegrationNoYes
End of Year FilingsNoYes
Capture Bills And ReceiptsNoNo
Bulk Reconcile TransactionsNoNo
Track Inventory & Stock LevelsNoNo

123 SheetsIRIS Accountancy Suite
Pros
  • Price
  • Easy to use
  • Fast filing and prompt support
  • Submitting VAT returns digitally
  • Excel compatibility
  • Data screens are intuitively laid out
  • Great tool for smaller accountants
  • Simple to navigate
  • Eco friendly due to being paperless
  • Email notifications are super helpfu
Cons
  • Being logged out too soon and very often
  • VAT return page doesn’t include the period dates
  • Process navigation could be improved
  • Price goes up every year
  • Takes as much time as posting it for free to HMRC
  • Feels quite ‘old-school’
  • The design of the portal is a little dated
  • Occasionally crash for no reason
  • Slow to generate a set of accounts

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