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


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

Which accounting software is better Wave or IRIS Accountancy Suite?

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

Wave homepageIRIS Accountancy Suite homepage
 

Wave vs IRIS Accountancy Suite Basics

WaveIRIS Accountancy Suite
Software WebsiteWave WebsiteIRIS Accountancy Suite Website
HMRC MTD StatusNot IncludedApproved
Who Can Use It?Businesses and Self-employedAgents
HMRC Listed FeaturesNoneBridging software, Updates to HMRC for self-employment, Updates to HMRC for UK property, Tax estimates from HMRC based on provided updates
PlatformsWeb-based application, Android, iOSCloud-based and Desktop application
Note data for this section comes from HMRC here and here

Wave vs IRIS Accountancy Suite Reviews

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

WaveIRIS Accountancy Suite
Trustpilot Rating1.63.6
Number of Trustpilot Reviews1261616
iPhone App Rating4.5No Rating
Number of iPhone Reviews5700No Reviews
Android App Rating4.7No Rating
Number of Android Reviews23000No Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

Wave vs IRIS Accountancy Suite Prices

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

Wave pricingIRIS Accountancy Suite pricing

Free Plans & Trials

WaveIRIS Accountancy Suite
Free Plan?YesNo
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

WaveIRIS Accountancy Suite
Cheapest Plan Cost Per Month£0.00Not Listed
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.

Wave vs IRIS Accountancy Suite Features

Wave featuresIRIS Accountancy Suite features

Wave Basic Features

  • Get unlimited income and expense tracking.
  • Add unlimited partners, collaborators, or accountants.
  • Know if you should charge clients more just by glancing at your dashboard.
  • Make unlimited bank and credit card connections.
  • Access helpful reports like Overdue Invoices & Bills and Profit & Loss.

Wave Software Integrations

  • Zapier

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

Common Feature Comparison

WaveIRIS Accountancy Suite
Payroll Software IntegrationYesYes
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesYes
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesYesNo
Employee Time TrackingNoYes
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsYesYes
Capture Bills And ReceiptsYesNo
Bulk Reconcile TransactionsYesNo
Track Inventory & Stock LevelsNoNo

WaveIRIS Accountancy Suite
Pros
  • User Friendly
  • Meets Business Needs
  • Pricing
  • User Interface
  • One Stop Shop
  • 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
Cons
  • Customer Service
  • Expensive
  • Not User Friendly
  • Takes Time
  • Learning Curve
  • 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

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