VT Final Accounts
Introduction
VT Final Accounts runs in Microsoft Excel and produces professionally formatted company, LLP, sole trader, and partnership accounts. A trial balance and up to 250 journals can be entered and a nominal report printed. A trial balance can also be imported from VT Transaction+, VT Cash Book and most other accounting packages. The company accounts include a corporation tax computation.
VT Final Accounts contains accounts templates and an add-in program. The add-in features enable many tasks to be automated.
Because of its ease of use and flexibility, VT Final Accounts appeals to a broad range of users such as freelance accountants, firms in practice and companies with just one set of accounts to prepare per year.
iXBRL files for attaching to a corporation tax return can be generated at the touch of a button (VT workbooks are pre-tagged), and VT Final Accounts can also be used to tag up any set of accounts or corporation tax computation in any Excel workbook. More...
The iXBRL accounts can be filed electronically with Companies House via the VT Filer application.
VT Final Accounts can be downloaded and used free of charge for 60 days before you have to enter a license key.
Features
Simple and straight forward to use
Generates iXBRL accounts and tax computation files for attaching to Corporation Tax return
Electronically files accounts with Companies House
Small companies template (based on the Financial Reporting Standard For Smaller Entities)
Medium/large companies template (based on UK Financial Reporting Standards)
Sole trader template
Partnership template
Small limited liability partnership template
Small companies template includes both full and abbreviated accounts
Company templates contain optional automatic cash flow statement
Choice of no report, accountants report (ICAEW or ACCA wording), chartered accountants report, chartered accountants assurance report or audit report
Optional Bannerman and PASE clauses for audit report
Templates are regularly updated
Trial balance and non-numeric data can be automatically transferred between workbooks that are based on different generations or types of templates
Trial balance can be entered manually into the TB sheet in Excel or automatically obtained from a VT Transaction+ or VT Cash Book file
Trial balance can be automatically imported from most third party accounting packages
The TB sheet can be converted into an extended trial balance with up to 250 adjustment columns
Adjustments can be entered into the extended trial balance manually or using a journal dialog
Double entry style reports (including a nominal ledger) based on the extended trial balance can be displayed or printed
Text that depends on the results such as profit, loss or profit/(loss) is automatically altered
Negative numbers automatically shown in brackets and correctly aligned
Automatic hiding of lines and notes with nil balances
Automatic note numbering
Warning given before printing if the accounts do not balance or if the current year is inconsistent with the comparative year
Special print button prints out and correctly numbers all the sheets that make up the printed part of the accounts
Accounts can be printed to a pdf file or emailed to clients using freely available pdf writers
Profit and loss account and balance sheet in tax return format can be exported to tax software packages (for unincorporated businesses)
Unlimited number of clients/companies
Comprehensive help topics
PDF version of help topics available
Screenshot and examples
The VT toolbar and menus
in Excel 2003
The VT toolbar and menus
in Excel 2007
New Accounts Workbook dialog
Workbook Properties
dialog
Print Accounts dialog
Example accounts
Example workbook
System requirements