IRIS Charity Formats is a specialized software add-on for IRIS Accounts Production, designed to streamline the preparation of accounts for incorporated and unincorporated charities and Academies. It automatically generates compliant accounts in accordance with the Accounting & Reporting by Charities: Statement of Recommended Practice (SORP). The software produces essential reports such as balance sheets and Statement of Financial Activities (SOFA) with ease. It offers seamless integration with other IRIS products, including Business Tax, Practice Management, and AutoMail, enhancing effi...
Vendor
IRIS Capital
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IRIS Charity Formats is an advanced software solution designed to complement IRIS Accounts Production software, specifically tailored for preparing accounts for incorporated and unincorporated charities and Academies. This powerful tool automates the production of charity and Academy accounts in compliance with the Accounting & Reporting by Charities: Statement of Recommended Practice (SORP). It generates crucial reports such as balance sheets and Statement of Financial Activities (SOFA) automatically, streamlining the accounting process for charitable organizations.
Key Features
Seamless Integration Enhances productivity through integration with other IRIS products
- Centralizes data, eliminating the need for manual re-entry
- Reduces errors and improves information accuracy
Automatic Compliance Ensures adherence to accounting standards and regulations
- Complies with the Accounting & Reporting by Charities: SORP
- Provides regular updates to maintain alignment with legislation
Efficient Reporting Generates essential financial reports automatically
- Produces balance sheets and Statement of Financial Activities (SOFA)
- Supports submission to the Charities Commission and Companies House
Cost Allocation Simplifies complex financial processes for charities
- Automatically apportions support costs between various charity activities
- Uses predefined basis of allocation for accurate cost distribution
Benefits
Time and Cost Savings Streamlines accounting processes for increased efficiency
- Eliminates transposition errors through automatic data transfer
- Includes online filing capabilities for quick submissions
Versatility Accommodates various organizational structures and needs
- Supports account production for multiple entity types
- Offers licenses starting at two clients with unlimited funds per charity
Paperless Operations Facilitates modern, environmentally friendly accounting practices
- Enables advanced control and monitoring of account submissions
- Integrates with IRIS AutoMail for automated communication
Compliance Assurance Provides peace of mind for regulatory adherence
- Keeps accounts in line with current legislation through regular updates
- Offers support and guidance on compliance-related queries