Key features

VT Transaction is a fully featured accounting/bookkeeping package for Windows.

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• Easy to use

• Can be used to record day to day transactions for small or large businesses or to process incomplete records

• Special rapid data entry screen for posting directly from bank statements

• Flexible accounting periods/several years can be open at once

• Transaction processor concept enables any transaction to be easily altered or edited at any time

• Fully integrated cash book, sales, purchase and nominal ledgers

• Profit and loss account and balance sheet in self assessment tax return format can be printed out or exported to tax software packages. Includes column for disallowable expenses. (Feature available in the professional edition only)

• Can be used for an unlimited number of clients/companies

VT Transaction - Introduction
VT Transaction is a fully featured accounting/bookkeeping package for Windows.

VT Transaction is ideal for recording the day to day transactions of small or large businesses (including sales and purchase ledgers), or for processing incomplete records where speed of data entry is crucial.

VT Transaction has an extensive range of features but remains delightfully simple to use.

VT Transaction - Transactions can be easily edited at any time
All transactions can be edited, re-dated or deleted at any time provided the period is not locked. Editing can be password protected.

In addition, several mis-analysed entries can be moved between accounts in one go.
Editing is so easy that VT Transaction could be better described as a ‘transaction processor’.

VT Transaction - Flexible accounting periods

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Accounting periods in VT Transaction are extremely flexible. They can be of any length - monthly, quarterly or any pattern. The financial year can be extended or shortened if a company changes its accounting reference date.

There are no month end procedures as such and the year end is simple and easily reversed if necessary.

The current accounting period and year can be switched backwards and forwards to any period or year at any time. Periods can be locked when accounts have been finalised, but otherwise entries can be made to any period.

VT Transaction - Posting from bank statements/incomplete records

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VT Transaction has a special input screen which can be used for posting directly from bank statements. The screen can also be used for posting the foot totals from an analysed cash book.

A mixture of up to 99 payments and receipts can be posted on a single screen. Sales and purchase ledger payments can also be included.

As soon as you type the first few characters of a name in the details column of the screen, the remainder of the name is automatically inserted for you based on previously entered transactions. If the suggestion is not correct, the next character you type will overwrite it. The last analysis account used for the person is also automatically selected and the VAT calculated. The process is known as AutoComplete.

With AutoComplete, data entry gets faster as you go along. If a payment has been made to a person before, very few keystrokes are required to enter a subsequent payment.

To speed up data entry even further, the screen has been designed so that you only need to use the keyboard and not the mouse.

VT Transaction - Self assessment accounts data
A profit and loss account and balance sheet in the format required by the self assessment tax return can be printed out or automatically sent to tax software packages. The profit and loss account includes a column for disallowable expenses.

Exporting accounts data is extremely fast and easy and far quicker than typing the numbers into your tax package again.

The self assessment features are only available in the professional edition of VT Transaction. The professional edition is supplied as a standard part of the VT Accounts suite and is not available separately.

VT Transaction - Multi-company
VT Transaction is a multi-company package.

Each company/business has a single file containing all the data for the company. This makes backing up or copying a company to another PC very easy.

Setting up a new company is very quick and is based on a choice of templates. An unlimited number of companies can be set up.

VT Transaction - Easy to use bank reconciliation

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A company can have an unlimited number of bank accounts and the bank reconciliation feature is very easy to use. It is also reversible if you make a mistake.

VT Transaction - Sales and purchase ledgers

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VT Transaction has fully integrated sales, purchase and nominal ledgers.

Note: whilst you can enter sales and purchase ledger invoices, VT Transaction does not print out invoices.

You can use a unique point and click method for paying invoices (if you are not posting up from bank statements). You just have to select the invoices being paid in an account enquiry and click on a cash button. There is no need to enter any amount. Discounts, part payments and payments on account are also easy to enter.

VT Transaction - Networks
VT Transaction can be used on a network, but only one user can open the same company at the same time.

VT Transaction - Multi-ledger features
VT Transaction has a unique multi-ledger design enabling new open item ledgers to be created with all the features of the existing sales or purchase ledgers.

These can be used for employee expenses, staff loans, agents commissions, dormant account - the possibilities are endless.

Your bookkeeping will be tidier and easier to follow and the nominal ledger will not be cluttered up. You can easily move accounts between ledgers as well.

Any ledger can have up to 10,000 accounts. Any account can contain up to 32,000 entries.

VT Transaction - Drill down to detailed transaction
VT Transaction has full drill down facilities.

For instance, if you click on an account in the trial balance with the right mouse button then the account is displayed.

Click on an entry in an account and the transaction in double entry format is displayed.

VT Transaction - Departmental costing
Nominal ledger accounts are divided into groups. Each profit and loss group can be optionally costed by department.

VT Transaction - Multi-currency
Multi-currency entries can be made to any balance sheet account. Currencies can be revalued at any time.

VT Transaction - VAT return
VT Transaction has comprehensive VAT facilities.

The VAT date or status of a transaction can be easily changed and so there should be no need to manually alter a VAT return.

Late or omitted entries are always included in the next VAT return and a warning given.

If mistakes are discovered in a VAT return, the return can be cancelled and re-issued or an amendment return produced containing only the errors.

VAT cash accounting is also supported.

VT Transaction - System requirements
Microsoft Windows 95, 98, ME, NT, 2000, XP, Vista (32 bit)
8MB of RAM
4MB of hard disk space

VT Transaction - Other features in brief

Transaction entry methods:

• Payment/Cheque payment/Receipt;
• Transfer between bank accounts;
• Sales invoice; Sales credit note;
• Purchase invoice; Purchase credit note;
• Custom A & B (for petty cash, credit cards or whatever);
• Journal; Reversing journal

VT Transaction is included in the VT Accounts suite, or it can be purchased separately.