Which accounting software is better Coconut or IRIS Elements?
We compare them based on real user reviews, prices and what features they both offer.
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Coconut vs IRIS Elements Basics
| Coconut | IRIS Elements | |
| Software Website | Coconut Website | IRIS Elements Website |
| HMRC MTD Status | In Development | In Development |
| Who Can Use It? | Self-employed people | Businesses and Accountants |
| HMRC Listed Features | None | None |
| Platforms | Web-based application, Android, and iOS | Cloud-based application |
Coconut vs IRIS Elements Reviews
Wondering if Coconut or IRIS Elements has better user reviews. We compared them below.
| Coconut | IRIS Elements | |
| Trustpilot Rating | 4.5 | 3.6 |
| Number of Trustpilot Reviews | 714 | 1616 |
| iPhone App Rating | 4.7 | No Rating |
| Number of iPhone Reviews | 2800 | No Reviews |
| Android App Rating | 4.6 | No Rating |
| Number of Android Reviews | 1040 | No Reviews |
Coconut vs IRIS Elements Prices
Which is cheaper Coconut or IRIS Elements? Here are their prices compared.
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Free Plans & Trials
| Coconut | IRIS Elements | |
| Free Plan? | No | No |
| Free Trial? | Yes | Yes |
| Free Trial Length? | 30 Days | 30 days |
Paid Plan Prices
| Coconut | IRIS Elements | |
| Cheapest Plan Cost Per Month | £9.00 | £3.00 |
| Mid-Tier Plan Cost Per Month | NA | £9.00 |
| Top Plan Cost Per Month | NA | £25.60 |
Coconut vs IRIS Elements Features
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Coconut Basic Features
- Connect accounts from 30+ banks and credit cards
- Track your income and expenses throughout the year
- Access Coconut on both mobile and desktop
- Send and track unlimited branded invoices
- Always know how much tax to set aside
- Easily share access with your accountant
Coconut 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
- KashFlow
- Xero
- Quickbooks
- HMRC
Common Feature Comparison
| Coconut | IRIS Elements | |
| Payroll Software Integration | No | Yes |
| Track VAT | Yes | Yes |
| VAT Filing | Yes | Yes |
| Real-Time Financial Reports | No | Yes |
| Prepare Self Assessment | Yes | Yes |
| Income Tax Estimates | Yes | Yes |
| Manage Income & Expenses | Yes | No |
| Create Invoices | Yes | Yes |
| Forecast Cash Flow | Yes | Yes |
| Accept and Make Payments In Different Currencies | No | No |
| Employee Time Tracking | No | No |
| Projects | No | No |
| Bank Feed Integration | Yes | Yes |
| End of Year Filings | No | Yes |
| Capture Bills And Receipts | Yes | No |
| Bulk Reconcile Transactions | Yes | No |
| Track Inventory & Stock Levels | No | No |
| Coconut | IRIS Elements | |
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