Which accounting software is better Xero or IRIS Elements?
We compare them based on real user reviews, prices and what features they both offer.
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Xero vs IRIS Elements Basics
| Xero | IRIS Elements | |
| Software Website | Xero Website | IRIS Elements Website |
| HMRC MTD Status | Approved | In Development |
| Who Can Use It? | Agents and businesses | Businesses and Accountants |
| HMRC Listed Features | Digital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updates, Updates to HMRC for UK property | None |
| Platforms | Web-based application, Android, iOS | Cloud-based application |
Xero vs IRIS Elements Reviews
Wondering if Xero or IRIS Elements has better user reviews. We compared them below.
| Xero | IRIS Elements | |
| Trustpilot Rating | 4.3 | 3.6 |
| Number of Trustpilot Reviews | 6017 | 1616 |
| iPhone App Rating | 4.7 | No Rating |
| Number of iPhone Reviews | 12700 | No Reviews |
| Android App Rating | 4.6 | No Rating |
| Number of Android Reviews | 11900 | No Reviews |
Xero vs IRIS Elements Prices
Which is cheaper Xero or IRIS Elements? Here are their prices compared.
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Free Plans & Trials
| Xero | IRIS Elements | |
| Free Plan? | No | No |
| Free Trial? | Yes | Yes |
| Free Trial Length? | 30 days | 30 days |
Paid Plan Prices
| Xero | IRIS Elements | |
| Cheapest Plan Cost Per Month | £7.50 | £3.00 |
| Mid-Tier Plan Cost Per Month | £15.00 | £9.00 |
| Top Plan Cost Per Month | £27.50 | £25.60 |
Xero vs IRIS Elements Features
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Xero Basic Features
- Send invoices and quotes
- Enter bills
- Reconcile bank transactions
- Submit VAT returns to HMRC
- Capture bills and receipts with Hubdoc
- Automatic CIS calculations and reports
- Short-term cash flow and business snapshot
- Payroll
- Claim expenses
- Track projects
- Analytics Plus
- Submit CIS returns
Xero Software Integrations
- BlueHub
- LimeCloud
- Outserve
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
| Xero | IRIS Elements | |
| Payroll Software Integration | Yes | Yes |
| Track VAT | Yes | Yes |
| VAT Filing | Yes | Yes |
| Real-Time Financial Reports | Yes | Yes |
| Prepare Self Assessment | Yes | Yes |
| Income Tax Estimates | Yes | Yes |
| Manage Income & Expenses | Yes | No |
| Create Invoices | Yes | Yes |
| Forecast Cash Flow | Yes | Yes |
| Accept and Make Payments In Different Currencies | Yes | No |
| Employee Time Tracking | Yes | No |
| Projects | Yes | No |
| Bank Feed Integration | Yes | Yes |
| End of Year Filings | Yes | Yes |
| Capture Bills And Receipts | Yes | No |
| Bulk Reconcile Transactions | Yes | No |
| Track Inventory & Stock Levels | Yes | No |
| Xero | IRIS Elements | |
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