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Hammock vs IRIS Elements: Which Is Better Accounting Software?


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

Which accounting software is better Hammock or IRIS Elements?

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

Hammock homepageIRIS Elements homepage
 

Hammock vs IRIS Elements Basics

HammockIRIS Elements
Software WebsiteHammock WebsiteIRIS Elements Website
HMRC MTD StatusIn DevelopmentIn Development
Who Can Use It?Landlords, agents and property managersBusinesses and Accountants
HMRC Listed FeaturesNoneNone
PlatformsWeb-based application, Android, and iOSCloud-based application
Note data for this section comes from HMRC here and here

Hammock vs IRIS Elements Reviews

Wondering if Hammock or IRIS Elements has better user reviews. We compared them below.

HammockIRIS Elements
Trustpilot Rating3.83.6
Number of Trustpilot Reviews21616
iPhone App Rating4No Rating
Number of iPhone Reviews7No 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

Hammock vs IRIS Elements Prices

Which is cheaper Hammock or IRIS Elements? Here are their prices compared.

Hammock pricingIRIS Elements pricing

Free Plans & Trials

HammockIRIS Elements
Free Plan?NoNo
Free Trial?YesYes
Free Trial Length?30 Days30 days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

HammockIRIS Elements
Cheapest Plan Cost Per Month£5.99£3.00
Mid-Tier Plan Cost Per Month£11.99£9.00
Top Plan Cost Per Month£19.99£25.60
Data taken from each company’s website at the time of writing but may have since changed.

Hammock vs IRIS Elements Features

Hammock featuresIRIS Elements features

Hammock Basic Features

  • 1-3 Properties
  • Register your rental properties
  • Bookkeeping
  • Unlimited Bank Feeds
  • Real-time Notifications
  • User Management

Hammock Software Integrations

  • Revolut
  • Monzo
  • Natwest
  • TSB Bank
  • Barclays
  • Aldermore

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

HammockIRIS Elements
Payroll Software IntegrationNoYes
Track VATNoYes
VAT FilingNoYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesNo
Create InvoicesNoYes
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsNoYes
Capture Bills And ReceiptsYesNo
Bulk Reconcile TransactionsYesNo
Track Inventory & Stock LevelsNoNo

HammockIRIS Elements
Pros
  • Free trial
  • Automated bookkeeping
  • Unlimited Bank Feeds
  • Free trial
  • Making Tax Digital Ready
  • Automated Compliance
Cons
  • Low review score
  • No app

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