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IRIS Accountancy Suite vs Coconut: Which Is Better Accounting Software?


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

Which accounting software is better IRIS Accountancy Suite or Coconut?

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

IRIS Accountancy Suite homepageCoconut homepage
 

IRIS Accountancy Suite vs Coconut Basics

IRIS Accountancy SuiteCoconut
Software WebsiteIRIS Accountancy Suite WebsiteCoconut Website
HMRC MTD StatusApprovedIn Development
Who Can Use It?AgentsSelf-employed people
HMRC Listed FeaturesBridging software, Updates to HMRC for self-employment, Updates to HMRC for UK property, Tax estimates from HMRC based on provided updatesNone
PlatformsCloud-based and Desktop applicationWeb-based application, Android, and iOS
Note data for this section comes from HMRC here and here

IRIS Accountancy Suite vs Coconut Reviews

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

IRIS Accountancy SuiteCoconut
Trustpilot Rating3.64.5
Number of Trustpilot Reviews1616714
iPhone App RatingNo Rating4.7
Number of iPhone ReviewsNo Reviews2800
Android App RatingNo Rating4.6
Number of Android ReviewsNo Reviews1040
Please note ratings we’re accurate at the time of writing but may have since changed

IRIS Accountancy Suite vs Coconut Prices

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

IRIS Accountancy Suite pricingCoconut pricing

Free Plans & Trials

IRIS Accountancy SuiteCoconut
Free Plan?NoNo
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

IRIS Accountancy SuiteCoconut
Cheapest Plan Cost Per MonthNot Listed£9.00
Mid-Tier Plan Cost Per MonthNANA
Top Plan Cost Per MonthNANA
Data taken from each company’s website at the time of writing but may have since changed.

IRIS Accountancy Suite vs Coconut Features

IRIS Accountancy Suite featuresCoconut features

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

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

  • HSBC
  • AMEX
  • Tesco
  • Tide
  • M&S Bank

Common Feature Comparison

IRIS Accountancy SuiteCoconut
Payroll Software IntegrationYesNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesNo
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesYes
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingYesNo
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsYesNo
Capture Bills And ReceiptsNoYes
Bulk Reconcile TransactionsNoYes
Track Inventory & Stock LevelsNoNo

IRIS Accountancy SuiteCoconut
Pros
  • 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
  • App is well designed
  • Price
  • Perfect set of features
  • Customer service is top notch
  • Dashboard makes seeing all daily activities in one place
Cons
  • 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
  • Few features lacking compared to other scheduling software
  • Calculations didn’t match up

More Comparisons

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