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Support topics - VT Accounts

Changes and faults fixed

The latest version can always be downloaded by clicking here.

See also: Development roadmap

March 2013

• VT Accounts now includes VT Filer, a small standalone application for filing iXBRL accounts with Companies House

• VT Final Accounts. VT XBRL>Companies House>Generate New Submission command added. This command generates a set of iXBRL accounts behind the scenes, attaches them to a VT Filer submission file and opens the file in VT Filer

• VT Final Accounts company templates. The audit reports are now addressed to the members and not the shareholders.

• VT Function Library add-in. The corporation tax rates table has been updated to include the years starting 1 April 2013 and 1 April 2014

November 2012

• VT Transaction+. Universal Input Sheet added. This can be used to enter or import multiple transactions. To access the sheet, click on the newly added button just before the P&R button or choose the Transaction>Universal Input Sheet command

• VT Transaction+. There is now an option to send emails from VT Transaction+ using the new VT Send Mail program. Sending emails via the default mail program was problematic for some users and was not applicable for web based email accounts. You will be asked if you want to use this new program when you first send an email in the new version

• VT Final Accounts LLP template. Debtors note. Amounts due to members changed to Amounts due from members

May 2012

• VT Function Library add-in. The corporation tax rates table has been updated to include the year starting 1 April 2012

• VT Final Accounts LLP template. The comparative column on the abbreviated balance sheet now correctly hides when the Display comparative columns option is unticked in the Workbook Properties dialog

• VT Final Accounts LLP template. The formulas have been corrected in cell I46 and I48 of the Data sheet

• LLP chart of accounts in VT Transaction+. The analysis account VAT scope settings in the Set Up>Accounts>All dialog have been corrected. Some zero rated sales were by default being shown as outside scope

February 2012

• VT Transaction+. A new report has been added to display balances by currency, department or custom list item with a column for each item in the list. The LLP chart of accounts uses this report to display the amounts due to each member. To display the report, choose the Display>Account Balances By List command

• VT Transaction+. A bug has been fixed that that caused the Net value of a reversing VAT entry on a reversing journal to be incorrect if the originating entry was edited

• VT Transaction+. The PAY, CHQ and REC buttons on the main toolbar can no longer be used to enter transactions where the bank account and analysis account are denominated in different currencies. These types of transactions should be entered via the buttons in the customer or supplier's account window so that exchange differences and charges can be properly accounted for. Alternatively, a journal can be used to make any set of entries to any combination of currency accounts

• VT Final Accounts add-in program. A small technical change has been made to the format of iXBRL files. This change was to have been mandatory by April 2012. However, after requests from VT Software and others, HMRC have agreed to support the old format for the foreseeable future. Hence this change is no longer of any consequence to users

• VT Final Accounts LLP template. The comparative column on the AdminExpenses sheet now correctly hides when the Display comparative columns option is unticked in the Workbook Properties dialog

• VT Final Accounts LLP template. The word abbreviated has been added to the title of the abbreviated balance sheet

November 2011

• Templates. Manual and linked entry templates for a small limited liability partnership are now included

• Templates. The old templates for companies reporting under the Companies Act 1985 have been removed

• VT Transaction+. The New Company dialog now includes a chart of accounts for a limited liability partnership

• Tax computation in company templates. The formula that picked up the total allowances for expensive cars has been corrected

• VT Final Accounts add-in. A software error has been fixed that caused the tagging information not to be displayed on the Excel status bar in certain circumstances in Excel 2010

September 2011

• VT Final Accounts add-in program. Leading or trailing spaces are now automatically removed from company registration number (leading or trailing spaces cause iXBRL files to be rejected by HMRC)

• Tax computation in company templates. The formulas for the totals of the special rate and short life asset pools have been corrected

• Tax computation in company templates. Exceptional gains/losses on the sale of fixed assets are automatically included in the adjustment of profits section

• Tax computation in company templates. Some additional items have been included in the adjustment of profits section and a sheet has been provided for users to prepare and tag their own chargeable gains computations

• VT Fact Viewer. For a few users, the Document tab of VT Fact Viewer was not displaying correctly when Internet Explorer was not the default web browser. A workaround has been implemented for this problem (the Document tab is based on a component of Internet Explorer)

July 2011

• Tax computation in company templates. A small error in the marginal rate relief calculation in tax leap years has been fixed. This affects accounting periods ending on or after 1 April 2011. More...

• Tax computation in company templates. The instructions for when the CT accounting period is not the same as the statutory accounting period have been corrected
  More...

• Tax computation in company templates. Amortisation of goodwill is no longer automatically added back to taxable profit as it may be allowable

• VT Final Accounts add-in program. More information about the folders that the VT add-ins are stored has been added to the VT Final Accounts>Help>About VT Final Accounts dialog. This enables installation issues that give rise to #NAME appearing in the workbook to be more easily diagnosed

June 2011

• A tagged corporation tax computation has been added to the company templates

• Set Tag (Easy) dialog added for tagging DIY tax computations

• Some XBRL tagging error messages have been improved

• Deferred tax asset row added to the debtors note in the company templates

April 2011

• Audit report in the small and large company templates. The Scope of the audit clause has changed. This is mandatory for periods ending on or after 23 March 2011

• A software change has been made to AutoHide. Some areas were not hiding correctly if #REF! appeared anywhere on the worksheet

• Software change. If you generate an iXBRL file using the trial version, a stronger warning is now given that the file is not fully valid and must not be submitted

• When installing onto Windows Server, the permissions on the file VTShell.dll now include users without administration rights in all circumstances

March 2011 Issue 3

• There was a technical error in iXBRL tax computation files generated by VT Final Accounts which caused them to be rejected by HMRC on submission. This software bug has now been fixed

• Tagging information was lost if there was an apostrophe in the sheet name in Excel. This software bug has now been fixed

• In the large companies template, Director 1 was tagged as Highest paid director. There is no need to explicitly tag the highest paid director and the tag has now been changed back to Director 1. There is no need to change workbooks already created

March 2011 Issue 2

• The March 2011 edition contained a warning which prevented you from proceeding if the company registration number did not consist of 8 characters. This is the official format adhered to by most third party corporation tax packages. A number of users were omitting leading zeros in VT and getting a rejection message from HMRC (data in accounts does not match CT600). However, the HMRC filing product does not allow leading zeros to be entered! Hence the warning has been removed

• A few users with Excel 2010 were getting an error using the VT Final Accounts>Edit>Paste Accounts Data function. This was caused by a bug in Excel 2010. VT have applied a workaround and the problem should no longer occur

March 2011

• Subscription expiry date encoded into license key. Software features do not work if subscription has expired. Please note that the iXBRL features in earlier versions will not work after 31 March 2011

• Warning given if company registration number does not consist of 8 characters, the first two of which only can be letters

• Option to specify whether the secretary or a director has signed the directors' report (as the tagging is different)

December 2010 Issue 2

• Tagging error in share capital note fixed. This only applies if you downloaded before 5.30 pm on 31 January 2011. More info...

• Cover sheet has the title Report and unaudited accounts even if audit report option chosen. This was a software error that has now been fixed. Please turn the audit report off and then back on to fix the wording. Unless you have selected one of the ICAEW accountants reports, the wording should say Report and accounts

• Invalid use of null message when generating an iXBRL file. This occurred when there was mixed formatting in the same cell (eg a mixture of bold and not bold in the text in a single cell). This fault has now been fixed.

• Tagging information not available for sheets with a hyphen or other special character in their name. This has now been fixed

• Erroneous error message when the company registration number contained letters such as SC. This fault has now been fixed

• The layout of the related parties note has been improved

If you started a workbook in Issue 1 there is no need to start again. Except for the tagging error in the share capital note, the faults fixed were in the VT Final Accounts add-in. You can easily fix the tagging error in the share capital note in any workbooks you have created. More info...