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History

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History

The VT Accounts suite was first launched in 1997 and rapidly became popular. This encouraged the company to invest in an improved version which was released in 1998.

VT's position as one of the leading accounts production package vendors was demonstrated by a series of surveys by the Institute of Chartered Accountants in England and Wales. The last survey in 2011 found both VT Final Accounts and VT Transaction+ to be the best performing products in their respective categories.

In 2009, the old VT Transaction was replaced by VT Transaction+ and major improvements were made to VT Final Accounts.

In 2011, VT Final Accounts was upgraded to produce iXBRL format accounts as required by HMRC. After the introduction of iXBRL, sales increased by 40%. VT managed to make generating iXBRL accounts a simple push button process, despite the underlying complexity of iXBRL.

In 2013, the VT Filer application was released and added to the VT Accounts suite. This application files iXBRL accounts electronically with Companies House.
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