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Statutory accounts production software

Statutory accounts production software

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Hi

Does anybody have recommendations for any accounts production software that will prepare the accounts from trial balance to statutory format? I have recently moved from an accounting firm into industry and have used IRIS in the past, so I am now struggling with having to prepare these in word format which is very timeconsuming.

Seven sets of company accounts will be prepared on the software under FRS102, including dormant accounts, section 1A and also full FRS 102 accounts for groups.

I would love to hear some recommendations of what people use including Sage, VT and caseware.

Thanks in advance :)

Replies (7)

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By JoF
20th Aug 2019 17:29

VT. No brainer. Or Taxfiler.

They should be in PDF, not word.

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Replying to JoF:
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By JDBENJAMIN
21st Aug 2019 15:27

I second that. Nobody will regret getting Taxfile or VT.

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Hallerud at Easter
By DJKL
20th Aug 2019 16:57

TaxCalc Accounts Production also does the necessary and charges £122 for up to twelve sets of accounts.

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Replying to DJKL:
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By atleastisoundknowledgable...
20th Aug 2019 21:23

DJKL wrote:

TaxCalc Accounts Production also does the necessary and charges £122 for up to twelve sets of accounts.

TaxCalc doesn’t do full FRS102 or groups. Unless you know something (relevant) I don’t...

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Replying to atleastisoundknowledgable...:
Hallerud at Easter
By DJKL
20th Aug 2019 23:15

It does the FRS102 1A but I accept not the Groups- apologies I had missed the requirements in the original post.

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By SouthCoastAcc
20th Aug 2019 20:01

Caseware is okay, its time consuming to use but highly customisable, better for larger companies IME.

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By daniel_
21st Aug 2019 10:22

I'm not a fan of most Sage products but I do think that Sage Accounts Production Advanced isn't bad for FRS102 group accounts (and Charities).

We have a license for 10 companies, single machine for £368/year.

For group accounts it has 3 'periods' in each year.
p1 is the holding co's TB.
p3 is all of the subsidiary co's TBs.
p2 is where the consolidation adjustment journal goes

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