Which accounting software is better 123 Sheets or IRIS Elements?
We compare them based on real user reviews, prices and what features they both offer.
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123 Sheets vs IRIS Elements Basics
| 123 Sheets | IRIS Elements | |
| Software Website | 123 Sheets Website | IRIS Elements Website |
| HMRC MTD Status | Approved | In Development |
| Who Can Use It? | Agents and businesses | Businesses and Accountants |
| HMRC Listed Features | Digital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updates | None |
| Platforms | Web-based application | Cloud-based application |
123 Sheets vs IRIS Elements Reviews
Wondering if 123 Sheets or IRIS Elements has better user reviews. We compared them below.
| 123 Sheets | IRIS Elements | |
| Trustpilot Rating | 4.8 | 3.6 |
| Number of Trustpilot Reviews | 1239 | 1616 |
| iPhone App Rating | No Rating | No Rating |
| Number of iPhone Reviews | No Reviews | No Reviews |
| Android App Rating | No Rating | No Rating |
| Number of Android Reviews | No Reviews | No Reviews |
123 Sheets vs IRIS Elements Prices
Which is cheaper 123 Sheets or IRIS Elements? Here are their prices compared.
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Free Plans & Trials
| 123 Sheets | IRIS Elements | |
| Free Plan? | No | No |
| Free Trial? | No | Yes |
| Free Trial Length? | No | 30 days |
Paid Plan Prices
| 123 Sheets | IRIS Elements | |
| Cheapest Plan Cost Per Month | £1.65 | £3.00 |
| Mid-Tier Plan Cost Per Month | £9.96 | £9.00 |
| Top Plan Cost Per Month | £69.95 | £25.60 |
123 Sheets vs IRIS Elements Features
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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
IRIS Elements Basic Features
- Sole Trader & Partnerships​
- Limited Company FRS105, FRS 102S1A & Dormant​
- Simple chart of accounts – fixed account descriptions​
- Simple trial balance entry​
- Direct electronic filing to Companies House​
IRIS Elements Software Integrations
Common Feature Comparison
| 123 Sheets | IRIS Elements | |
| Payroll Software Integration | No | Yes |
| Track VAT | Yes | Yes |
| VAT Filing | Yes | Yes |
| Real-Time Financial Reports | No | Yes |
| Prepare Self Assessment | No | Yes |
| Income Tax Estimates | Yes | Yes |
| Manage Income & Expenses | Yes | No |
| Create Invoices | No | Yes |
| Forecast Cash Flow | No | Yes |
| Accept and Make Payments In Different Currencies | No | No |
| Employee Time Tracking | No | No |
| Projects | No | No |
| Bank Feed Integration | No | Yes |
| End of Year Filings | No | Yes |
| Capture Bills And Receipts | No | No |
| Bulk Reconcile Transactions | No | No |
| Track Inventory & Stock Levels | No | No |
| 123 Sheets | IRIS Elements | |
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