VT launches iXBRL final accounts program
VT Software, developer of the popular Excel-based accounts production tool VT Final Accounts, released the iXBRL-equipped version on 31 January.
Like Sage and several other accounts production software developers, VT faced a big challenge to adapt its product for the new electronic filing format. The program is now ready , giving users two months to implement it and test their processes before online filing of Corporation Tax returns becomes mandatory.
VT managing director Philip Hodgson has been keeping members of AccountingWEB.co.uk updated on the program’s progress and confirmed the planned 31 January launch date last month in the VT Software discussion group after rumours a rival developer had reportedly been circulating negative rumours about the product.
Costing £199 per user in the first year (and £150/year after that), VT Final Accounts includes a Generate iXBRL File command that can be used with any Excel workbook, not just the pre-tagged VT templates. UK GAAP, UK IFRS and UK Corporation Tax taxonomies are supported and the software will also be able to “tag up” customisations to the standard templates, or other accounts spreadsheets.
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