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Support topics - VT Accounts
Changes and fixes
VT Final Accounts templates. Filleted accounts cover sheet. The page number has been removed.
VT Final Accounts small company template. Creditors note. The Corporation Tax and Other taxes and social security costs rows have been combined into a single Taxes and social security costs row. There is no requirement in the Small Company Accounts Regulations to show them separately.
VT Final Accounts small company template. Profit and loss account sheet. The words on ordinary activities have been removed. This phrase is not required.
VT Final Accounts micro-entity template. DetailBS sheet. The word Profit now automatically switches to Loss as appropriate.
VT Transaction+. The outline MTD menu has been removed. See Hot Topics.
VT Final Accounts add-in. An Excel update has indirectly caused VT's Insert Trial Balance Adjustment Column command to fail. VT's code has been adjusted and now works correctly again.
May 2017 release 3
VT Final Accounts small company template. DetailPL1. The row Gain on revaluation of investments now AutoHides correctly when it has nil balances.
May 2017 release 2
VT Filer. Electronic filing of LLP accounts with Companies House (entities with the prefix OC in their registered number). A bug that prevented these being filed has been fixed.
VT Final Accounts templates. A template for small company abridged accounts has been added.
VT Final Accounts company templates. Investment note now includes a revaluation line.
VT Final Accounts company templates. Current asset investment note added.
VT Final Accounts company templates. Audit report changed to the new format required for periods beginning on or after 17 June 2016. Earlier adoption allowed. The templates still also include the old format.
VT Final Accounts templates. Chartered accountants reports updated with technical releases 07/16AAF and 08/16AAF
VT Final Accounts templates. A template for small LLP's based on FRS 102 has been added. FRS 102 LLP accounts can be filed electronically with Companies House (choose the VT XBRL>Companies House>Generate New Submission command)
VT Final Accounts templates. Small company template. Accounting policies. Basis of preparation. The following words have been added as applied to small entities by section 1A of the standard
VT Final Accounts templates. Small and medium/large company templates. Accounting policies. Investments policy revised
VT Function Library add-in. Corporation tax rates table. The rate for the tax year commencing 1 April 2017 has been changed from 20% to 19%
VT Final Accounts add-in and supporting files. The corporation tax taxonomy has been updated. The use of this updated taxonomy is mandatory for periods ending on or after 1 April 2017. This is a software change only. The tax computation in the templates does not need re-tagging
VT Final Accounts templates. Small and medium/large company templates. Statement of changes in equity. The text Profit for the year is now correctly automated if a loss is made or if the period is less than one year
VT Final Accounts templates. Small company template. The text at the bottom of the fixed asset note now correctly hides if left blank
November 2016 release 3
VT Final Accounts templates. FRS 102 small company template and FRS 102 dormant company template. The words and delivered added after The accounts have been prepared at the foot of the balance sheet
VT Final Accounts templates. FRS 102 dormant company template. AutoHide on Notes sheet corrected
VT Final Accounts templates. FRS 102 medium/large company template and FRS 102 small company template. Statement of changes in equity sheet. When there is a prior year adjustment the profit for the comparative year is no longer described as as restated (because this figure shows the originally stated amount)
November 2016 release 2
VT Final Accounts templates. FRS 102 small company template. There was a fixed date in cell A10 of the Statement of changes in equity sheet. This has been corrected to ="At " & FirstDateCompYear
VT Final Accounts templates. FRS 102 small company template. Fixed asset investments note added
VT Final Accounts templates. FRS 102 small company and FRS 105 micro-entity templates added. These are mandatory for accounting periods beginning on or after 1 January 2016. The old FRSSE/UK GAAP templates are still available within the package. The new templates can optionally be used for accounting periods beginning on or after 1 January 2015. Due to recent company law changes, the new small company template is considerably simpler than the old FRSSE template
VT Final Accounts templates. FRS 102 medium/large company template. The cash flow statement now starts at Profit for the year
VT Final Accounts templates. Dormant company template. Updated with recent changes in company law and re-tagged using the FRS 102 taxonomy
VT Final Accounts add-in. The Set Tag (Easy) dialog is now available for the FRS 102/FRS 105 taxonomy
VT Transaction+. Universal Input Sheet. The default formula = Details in the Entry details column no longer converts invoice numbers to numbers with 2 decimal places
VT Transaction+. All transaction entry dialogs. The year is correctly auto suggested when entering the date for financial years that end on 29 February
June 2016 release 2
VT Final Accounts add-in. Incorrectly installed VT toolbars are automatically deleted, and re-installed when Excel is re-started
VT Final Accounts add-in and VT Filer. Accounts tagged using the FRS101, FRS102 (included FRS105), and full IFRS taxonomies can now be filed electronically with Companies House. Companies House only recently started accepting these taxonomies. To file accounts electronically, choose the VT XBRL>Companies House command on the Add-Ins tab in Excel
VT Function Library add-in and VT Final Accounts templates. The SWITCH function has been renamed VTSWITCH. This function changes words such as Profit to Loss when the sign of a number in another cell changes. Microsoft recently added a function also called SWITCH into Excel 2016 (with completely different functionality). This caused erroneous results in cells containing VT's function if the cell was also edited. The VT Function Library add-in still contains the old SWITCH function for compatibility with existing workbooks
VT Final Accounts templates. A template for medium/large company accounts prepared under FRS102 has been added. This template is tagged using the new FRS102 taxonomy.
VT Final Accounts templates. The old UK GAAP template is still available in the New Accounts Workbook dialog. It is listed as Medium or large company (periods beginning on or before 31/12/14)
VT Final Accounts add-in. The FRS101, FRS102 (includes FRS105) and full IFRS taxonomies have been added and are available to users who self tag accounts
VT Function Library add-in. The corporation tax rates table has been updated to include the year starting 1 April 2016
VT Final Accounts small company template. In the December 2014 edition cell E6 on the Data sheet (FRSSE version) was inadvertently left blank. This cell has now been pre-populated with the text January 2015. VT Software apologises for this error
VT Final Accounts corporation tax taxonomy definition files. The taxonomy required for accounting periods commencing on or after 1 April 2015 has been updated with a technical change from HMRC. The version shipped with the December 2014 edition is no longer valid
VT Transaction+. Set Up>Options>User>Force Windows to save changes to disk immediately. The default for this option has now been set to ticked. This should prevent data losses arising from PC or network crashes. A very small number of users experienced problems
VT Transaction+. An Edit>Copy Account Names And Addresses command has been added. This copies the names, addresses and contact details of all the accounts in the customers or suppliers ledgers to the Clipboard. They can then be pasted into Excel
VT Transaction+. An Edit>Import Transactions command has been added. This is identical to the existing Transaction>Universal Input Sheet command. There is also a button on the toolbar. Many users were unaware that you could import multiple transactions
VT Function Library add-in. The corporation tax rates table has been updated to include the year starting 1 April 2015
VT Final Accounts add-in. The corporation tax taxonomy required for accounting periods starting on or after 1 April 2015 has been added. You will be prompted to automatically select this taxonomy when it is required. The VT workbooks do not require re-tagging as most tags remain the same. If you have customised a computation and used tags that are no longer valid, the software will prompt you
VT Final Accounts add-in. Text in square brackets is no longer tagged. Note: square brackets are used to indicate that data should be entered; any rows that are not completed are hidden by AutoHide
VT Final Accounts small company template - Chartered Accountants assurance report. This rarely used report has been updated with Technical Release TECH 09/12AAF
June 2014 (release 3)
VT Final Accounts add-in. Small changes have been made to the Copy Accounts Data/Paste Accounts Data feature. The selected corporation tax taxonomy and the FRSSE version are no longer copied between workbooks. This was very confusing behaviour
June 2014 (releases 1 and 2)
VT Final Accounts company templates - iXBRL tax computation. Re-tagged with new set of tags as required by HMRC. Mandatory for periods ending on or after 1 April 2014. Earlier adoption NOT allowed (the old templates are still available within the package - they are listed at the bottom of the New Accounts Workbook dialog)
VT Final Accounts company templates - audit report. Updated with reference to Strategic Report (or absence of one in the case of small companies)
VT Final Accounts company templates - audit report. Scope of audit web address updated
VT Final Accounts small company and micro-entity templates. The version of the FRSSE has been updated to January 2015 (earlier adoption is allowed)
VT Fact Viewer. Typed dimensions are now shown in the Additional analysis column on the Facts tab. A typed dimension is used by the new corporation tax taxonomy (eg for trade 1, trade 2 etc)
VT Final Accounts templates. A template for a micro-entity company is now included
VT Final Accounts company templates. The detailed profit and loss account is now tagged. If submitted, the detailed profit and loss account must be tagged for periods ending on or after 1 April 2014
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
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
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
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
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
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)
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
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
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
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
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...