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IRIS Elements vs MyFirmsApp: Which Is Better Accounting Software?


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

Which accounting software is better IRIS Elements or MyFirmsApp?

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

IRIS Elements homepageMyFirmsApp homepage
 

IRIS Elements vs MyFirmsApp Basics

IRIS ElementsMyFirmsApp
Software WebsiteIRIS Elements WebsiteMyFirmsApp Website
HMRC MTD StatusIn DevelopmentNot Included
Who Can Use It?Businesses and AccountantsBusinesses and Accountants
HMRC Listed FeaturesNoneA compliant App solution for accountants and bookkeepers that handles income, expenses and more
PlatformsCloud-based applicationiPhone, iPad, Android, web
Note data for this section comes from HMRC here and here

IRIS Elements vs MyFirmsApp Reviews

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

IRIS ElementsMyFirmsApp
Trustpilot Rating3.6No Rating
Number of Trustpilot Reviews1616No Reviews
iPhone App RatingNo Rating3.8
Number of iPhone ReviewsNo Reviews42
Android App RatingNo Rating3.7
Number of Android ReviewsNo Reviews38
Please note ratings we’re accurate at the time of writing but may have since changed

IRIS Elements vs MyFirmsApp Prices

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

IRIS Elements pricingMyFirmsApp pricing

Free Plans & Trials

IRIS ElementsMyFirmsApp
Free Plan?NoNo
Free Trial?YesNo
Free Trial Length?30 daysNo
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

IRIS ElementsMyFirmsApp
Cheapest Plan Cost Per Month£3.00Not Listed
Mid-Tier Plan Cost Per Month£9.00NA
Top Plan Cost Per Month£25.60NA
Data taken from each company’s website at the time of writing but may have since changed.

IRIS Elements vs MyFirmsApp Features

IRIS Elements featuresMyFirmsApp features

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

MyFirmsApp Basic Features

  • Meaningful, insightful content
  • Updated daily and weekly
  • Searchable 24/7
  • Proactive push notifications
  • All done for you
  • Full customisation
  • 37 Powerful tools for you and your clients
  • Dedicated support and services
  • Everything in one place

MyFirmsApp Software Integrations

Not Listed

Common Feature Comparison

IRIS ElementsMyFirmsApp
Payroll Software IntegrationYesNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesNo
Manage Income & ExpensesNoYes
Create InvoicesYesYes
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesNo
End of Year FilingsYesYes
Capture Bills And ReceiptsNoYes
Bulk Reconcile TransactionsNoNo
Track Inventory & Stock LevelsNoNo

IRIS ElementsMyFirmsApp
Pros
  • Free trial
  • Making Tax Digital Ready
  • Automated Compliance
  • Dedicated account managers
  • Accelerate Client App downloads with Auto-launch
  • E-Learning Hub
Cons
  • No app
  • No pricing on website
  • Low review score

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