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Exporting accounts data to tax software packages
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Self assessment accounts data for unincorporated
businesses can be sent to tax software packages from either VT Final Accounts or
the professional edition of VT Transaction. Data can be sent from any business
in VT Transaction, regardless of the chart of accounts set up. |
Ease of use
Sending data is very easy (you just have to choose the Send To Tax Package
command or button) and is far quicker than typing the numbers into your tax
package again.
Categories of data
You can choose to transmit some or all of the following categories of data:
It is also possible to transmit disallowable expenses, adjustments and capital
allowances from Excel, but the templates supplied with VT Final Accounts are not
pre-formatted with this information.
All categories of data can in fact be transmitted from any Excel workbook, and
not just from workbooks based on the VT templates.
Standard Name Format
Standard Name Format is a vendor and tax year independent method of transmitting
accounts data to tax software packages. Standard Name Format has been developed
and promoted by VT Software in conjunction with tax software vendors.
Tax packages supported
Data can be transmitted to the tax packages listed below. If you telephone the
supplier, we would be grateful if you would mention VT Software's name.
If your package is not listed below, ask the vendor to implement a Standard Name
Format import facility. The vendor can find full technical details on the web at
www.vtsoftware.co.uk/snf
Inexpensive packages
All of the above packages have a Standard Name Format import facility
Other packages (supported by VT Final Accounts
only)
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Digita -
Taxability Pro
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PerTAX
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All of the above packages use proprietary import methods, each of which has been
specifically implemented by VT Software. Please note that these methods are not
available in VT Transaction+.
Recommendation
VT Software particularly
recommends the use of Tax Assistant from Drummohr Technology. Tax Assistant is
comprehensive (personal, partnership and company tax returns) and is reasonable
value for money.
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