IRIS Elements vs MYT: Which Is Better Accounting Software?

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

IRIS Elements vs MYT Basics

	IRIS Elements	MYT
Software Website	IRIS Elements Website	MYT Website
HMRC MTD Status	In Development	In Development
Who Can Use It?	Businesses and Accountants	Businesses and Self-employed
HMRC Listed Features	None	None
Platforms	Cloud-based application	Cloud-based application, Android, and iOS

Note data for this section comes from HMRC here and here

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

	IRIS Elements	MYT
Trustpilot Rating	3.6	No Rating
Number of Trustpilot Reviews	1616	No Reviews
iPhone App Rating	No Rating	5
Number of iPhone Reviews	No Reviews	28
Android App Rating	No Rating	4.7
Number of Android Reviews	No Reviews	18

Please note ratings we’re accurate at the time of writing but may have since changed

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

Data taken from each company’s website at the time of writing but may have since changed.

Data taken from each company’s website at the time of writing but may have since changed.

	IRIS Elements	MYT
Payroll Software Integration	Yes	No
Track VAT	Yes	No
VAT Filing	Yes	Yes
Real-Time Financial Reports	Yes	Yes
Prepare Self Assessment	Yes	Yes
Income Tax Estimates	Yes	No
Manage Income & Expenses	No	Yes
Create Invoices	Yes	Yes
Forecast Cash Flow	Yes	No
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	Yes	No
Capture Bills And Receipts	No	Yes
Bulk Reconcile Transactions	No	No
Track Inventory & Stock Levels	No	No

	IRIS Elements	MYT
Pros	Free trial Making Tax Digital Ready Automated Compliance	Free trial Intuitive, comprehensive, and innovative tax app Artificial Intelligence Expense Capture
Cons	No app	Low review score