Overview

With the advent of iXBRL, bringing with it the additional work and cost of tagging accounts, Gerard considered his options: "We did think about outsourcing the tagging exercise, but as long-term users of the IRIS Exchequer accounting software - we've had the system since 1999 - we wondered what IRIS could offer us.

The IRIS Accounts Production software seemed to have great merit as the way to kill two birds with one stone: prepare our statutory accounts for auditing and comply with HMRC requirements on tagging in an efficient and cost-effective way."