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ANNA Business Tools vs IRIS Elements: Which Is Better Accounting Software?


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

Which accounting software is better ANNA Business Tools or IRIS Elements?

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

ANNA Business Tools homepageIRIS Elements homepage
 

ANNA Business Tools vs IRIS Elements Basics

ANNA Business ToolsIRIS Elements
Software WebsiteANNA Business Tools WebsiteIRIS Elements Website
HMRC MTD StatusNot IncludedIn Development
Who Can Use It?Businesses and AccountantsBusinesses and Accountants
HMRC Listed FeaturesNoneNone
PlatformsWeb-based application, Android, iOSCloud-based application
Note data for this section comes from HMRC here and here

ANNA Business Tools vs IRIS Elements Reviews

Wondering if ANNA Business Tools or IRIS Elements has better user reviews. We compared them below.

ANNA Business ToolsIRIS Elements
Trustpilot Rating4.53.6
Number of Trustpilot Reviews25661616
iPhone App Rating4.5No Rating
Number of iPhone Reviews791No Reviews
Android App Rating3.6No Rating
Number of Android Reviews1250No Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

ANNA Business Tools vs IRIS Elements Prices

Which is cheaper ANNA Business Tools or IRIS Elements? Here are their prices compared.

ANNA Business Tools pricingIRIS Elements pricing

Free Plans & Trials

ANNA Business ToolsIRIS Elements
Free Plan?YesNo
Free Trial?NoYes
Free Trial Length?No30 days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

ANNA Business ToolsIRIS Elements
Cheapest Plan Cost Per Monthfree£3.00
Mid-Tier Plan Cost Per Month£3.00£9.00
Top Plan Cost Per Month£5.00£25.60
Data taken from each company’s website at the time of writing but may have since changed.

ANNA Business Tools vs IRIS Elements Features

ANNA Business Tools featuresIRIS Elements features

ANNA Business Tools Basic Features

  • Fulfils your basic business admin for free
  • Bookkeeping tools that track your sales, profits and expenses
  • Submit your VAT Return from any Excel or Google Sheets spreadsheet for £3.50 + VAT
  • Share access with your accountant or sync with accounting software like Xero or Quickbooks
  • Create and send professional-looking invoices
  • Snap receipts and match them to transactions on the go

ANNA Business Tools Software Integrations

  • Xero
  • Sage
  • Etsy
  • Woo
  • ebay
  • amazon

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

  • KashFlow
  • Xero
  • Quickbooks
  • HMRC

Common Feature Comparison

ANNA Business ToolsIRIS Elements
Payroll Software IntegrationYesYes
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesNo
Create InvoicesYesYes
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesYesNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsYesYes
Capture Bills And ReceiptsYesNo
Bulk Reconcile TransactionsYesNo
Track Inventory & Stock LevelsNoNo

ANNA Business ToolsIRIS Elements
Pros
  • Free plan available for sole traders & limited companies
  • Has most of the key features you’re likely to need
  • Can be used even if you don’t bank with ANNA
  • Free trial
  • Making Tax Digital Ready
  • Automated Compliance
Cons
  • You’ll need the paid version for Corporation Tax returns
  • Doesn’t offer any more advanced features or reporting
  • Not suitable for large corporations
  • No app

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