Upgrading from Keytime to IRIS Elements
Why IRIS Elements?
IRIS Elements has been proven to save 25% more time on standard tax and accounts preparation tasks when tested against existing desktop software*
- REMOTE UPDATES: Say goodbye to software installations. While keeping your data secure, cloud-based IRIS Elements is managed directly by us, so you don’t have to do anything to get the latest version.
- ACCESS FROM ANYWHERE: No need to come into the office if you don’t need to, with our cloud technology you can access your account from anywhere.
- LATEST SECURITY: Benefit from the latest developments in cloud security, keep pace and protect yourself from the latest scams and security challenges.
- REGULATORY SPEED: With IRIS Elements we can implement the latest regulatory changes almost overnight. No major releases required – if regulation changes, so does your software through continuous deployment.
- ACCURACY: One client record across everything means no duplication, less risk of error and less time wasted re-entering information.
- OPTIONS: A single source of the truth for your client is used by not just Tax and Accounts Production, but by all products available in IRIS Elements, including AML, Practice Management and Proposal Manager.
Feature comparison
| Taxfiler | IRIS Elements Tax & Accounts | |
|---|---|---|
| General Features | ||
| Customisable Home Dashboard Gives a view of job status | ||
| Statutory Accounts | ||
| Corporation Tax | ||
| Individual Self Assessment | ||
| Partnership Self Assessment | ||
| Trusts & Estates Self Assessment | ||
| MTD VAT | ||
| Client CSV Import | ||
| HMRC Client Information | ||
| Bulk Tax Year Roll forward | ||
| Integrations | ||
| Kashflow Connect | ||
| FreeAgent | ||
| MTD VAT | ||
| MTD for ITSA | ||
| Xero |
Here’s what you need to know
The timeline of your upgrade is based on your renewal date.
Your next renewal will be onto IRIS Elements. Here are the key timelines for you to understand:
-
4 months before your renewal date
If you’re eligible to upgrade to Elements, you’ll receive an email from us around 4 months before your renewal date. This email will provide further details on what to expect next.
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2-3 months before your renewal date
You’ll receive a call from a member of our team. You’ll be able to discuss your options and learn which Elements products you’ll be upgrading to.
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1 month before your renewal date
Your order will be confirmed with us so we can start getting your Elements account ready.
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On your renewal date
You’ll get access to your new IRIS Elements account. It’ll have all the products you need to get going. You’ll also gain access to our migration tools.
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First 3 months after renewal date
You’ll still have access to your Keytime account for 3 months after your renewal date free of charge, you will not pay for your Keytime product within this period. You can gradually migrate data over to Elements while finishing up your work in Keytime.
See what our customers are saying
“I’ve been an accountant for 22 years now, working with a larger practice before starting Power Accountants back in 2020. I’ve always used IRIS software…. When I decided to branch out and start my own business, I did look at the market just to make sure I wasn’t missing anything, but in my heart, IRIS Elements was the product I was excited about ……IRIS Elements is really at the heart of our practice now. It’s one database for all our information, rather than multiple systems for us to update. We’ve removed the risk of error, moving data from one system to another, and we’re all working from the same place – no matter where we’re working from. We don’t have to worry about multiple client records increasing errors and duplication, we share one client record across the practice.”
Business and Tax Advisors Limited
“I’m not someone who likes change, and I often choose to stick to what I know, but with rising costs I knew I needed to at least consider what other software was out there and I saw some really great things being said online and in forums about IRIS Elements. With it being a new product, I really didn’t know anything about it, but I knew IRIS and I trusted what was being said by other accountants, so I decided to go for it…….It’s been pretty easy for me to pick up and I’ve been able to submit tax returns with ease. I’m looking forward to using more of the applications available in IRIS Elements going forward, I think that integration will be a huge bonus.”
PY Accountants
“I also use IRIS Elements which has been fantastic – AML is a nightmare for accountants and IRIS Elements Anti Money Laundering (AML) is a vital tool when it comes to helping us comply with all the latest AML regulations, onboarding of new clients and improving productivity. It allows us to onboard new clients with confidence and looks the part too! The team at IRIS are ahead of the game and always know what’s coming, so whether it’s MTD looming or an innovative piece of software, I know that IRIS will look after me and I’m in safe hands. It’s a huge comfort knowing you don’t have to worry and that to me is invaluable”
CCM Carter Collins & Myer
“Having worked with many different software providers, what I do know is it’s not something you can implement or change overnight. It’s really overwhelming no matter how experienced you are as an accountant, and I took a year to do my research and make sure I knew exactly what I wanted, and exactly what my options were….I didn’t want to have different pieces of software for different services from different providers. It wasn’t going to work – with that, you have additional costs, training time, and multiple relationships to manage…. I’m saving a week each month currently, and I expect that to increase when I take on further employees and subcontractors……I’m saving at least 30 minutes per subcontractor being introduced to IRIS Elements. I’ve been able to streamline my processes indefinitely because of the way that Elements is set up.”
Eccounting Made Easy Ltd
Customer FAQs
Our help centre has all the information you need and we are constantly reviewing what questions we are being asked. If you have a question let us know.
Yes eventually, we are rolling IRIS Elements out to Keytime customers slowly to give our customers the best experience. IRIS Elements, our next generation MTD ready solution, is where we will be developing and delivering all the latest tools and capabilities to support your business. The last legislative update for Keytime will be March 2025. After this point, there will be no further renewals.
If eligible to move to IRIS Elements, you will be invited to renew at least four months before your renewal date.
We look at a few things to determine when to contact you; your renewals date, which Keytime products you own, how many Keytime products you own, the number of users.
No, your 3-month extension to Keytime is free of charge whilst you move your data to IRIS Elements and become familiar with your new solution.
Your Keytime product will move to read-only, you can still view your client data, you can still migrate you data over to IRIS Elements however all new clients and new work will need to be done in IRIS Elements – you will not be able to submit tax returns and file accounts via Keytime.
Your new invoice will come from IRIS Elements rather than Keytime.
When you migrate a record into Elements, it remains exactly as it was in Keytime. This means that if you encounter any problems while migrating or make a mistake when editing the record in Elements, you’ll still have that backup copy of your data in Keytime which can be migrated again if needed.
To avoid common data transfer issues like duplication, loss of data, and mapping issues, we’ve created custom migration tools to make the migration process as straightforward as possible. More information will be available in our Help Centre.
