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VT

VT

At the moment I use excel to produce working papers or, if client uses accounting software, a TB is produced.  I then post into Sage Accounts Production using journals and produce accounts and then link into Sage Taxation and Sage Corporation tax.  Fed up with sage - cost and customer service (or lack of it!).  VT Final Accounts seems to be popular on many threads on here.  Is it really that easy to use?  Do I need a trial balance before I start?  All looks a bit confusing at the moment but guess that's because I've got so used to Sage (9 years!).  I am so used to the accounts information being automatically linked into Sage Taxation or Corp tax - surely I will miss this??  What tax products are best - BTC and tax calc seem to be the most popular?  Ex-sage users opinions would be appreciated!!  (I have about 70 accounts clients and submit around 175 self assessment tax returns)

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15th May 2013 18:14

I moved from Sage to VT

First appearances of VT are not good as it isn't as pretty as Sage, but stick with it as you will not regret it. The more you use VT the more you will appreciate it. I wish I had taken the plunge sooner.

I have persuaded a lot of my clients to use VT, and many use the free VT Cashbook. The auto transfer from VT bookkeeping to VT accounts is a doddle, and VT accounts feeds into the tax software. All of it is so much easier than Sage Accounts.

I started with TaxCalc, but have moved to BTC this year. The time you save by NOT using Sage will make you much more efficient, and therefore more profitable. 

Go for it :)

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15th May 2013 18:32

VT and Tax Calc

I've tried Sage a few times but I find it diabolical.   VT is the bee's knees and now that I can file directly from VT with Companies House it's saved me another chunk of time.  For tax I use Tax Calc (used to use Drummohr's Tax Assistant) - and the export of data makes it all pretty straightforward.  

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15th May 2013 19:07

VT and BTC

I use VT and BTC.  They link in very nicely - ok, you have to press a button to export from VT to BTC, but it takes a millisecond.  I have used sage over the years at clients premises and dislike it enormously.  VT is so much easier to use.

You can either post accounts direct into an extended trail balance on a spreadsheet page of VT final accounts, or if you don't like doing this you could post into VT transaction plus and then pull the totals  through into the final accounts package if you want a more detailed nominal ledger - I do this for one client who likes to see where I have posted everything (and then query every penny, yawn), but otherwise I just use the ETB.  But then I trained in the days of paper extended trial balances, secretaries typing accounts and then calling and casting so it is second nature...

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By Flash Gordon
15th May 2013 19:49

VT & BTC

Go with VT, you won't regret it. And likewise BTC in my opinion, humble as it is (my opinion, not the software)

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15th May 2013 21:13

Vt and Ftax for me.

More I use quicker I can do it.

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By DMGbus
16th May 2013 08:33

iXBRL manual tagging / Term Server / multi-user

With the latest Sage Accounts Production update (to introduce compliant iXBRL tagging in place of incomplete tagging) a lot of time has to be spent reviewing and in some circumstances manually tagging accounts for iXBRL.

Does VT accounts require this too?

Next, does VT operate satisfactorily in a Term Server / Multi User environment?   Experience here is that constant MDX file errors arise and the Sage "solution" is to upgrade to the advanced version of Sage Accounts Production.

 

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to williamsaccounts
16th May 2013 09:58

Tagging/multi-user

Tagging
The VT templates are pre-tagged and in practice there is no requirement to tag customisations (although you can choose to do so). The minimum tagging requirements have been extended indefinitely by HMRC except that the detailed P/L will need tagging for periods ending on or after 1 April 2014.

As far as we are aware, not a single set of accounts generated by VT have been rejected by HMRC due to incorrect or inadequate tagging. It is very hard for HMRC to check the tagging in great detail, short of an iXBRL expert manually studying the accounts, and I suspect that is not happening.

Multi-user
In VT there is one file for every set of final accounts. That file can be on any drive that you have access to, but only one user can open the same file at the same time.

Terminal services
No problem.

Philip Hodgson
VT Software

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By Luke
16th May 2013 10:12

Used sage for years, now use VT and Ftax

Vt is great.  Yes, slightly less user friendly to start with but you soon get used to it.  I have got many clients on to using the free VT cashbook too, so they do a lot of the work and I then open it in VT Transaction+ then into VT final accounts without a problem.  The only thing I wish VT would do is enable me to do is pdf my invoices onto my proper headed paper, but that is hardly a big issue.  I have never had any problem with a file not being tagged properly for ixbrl.

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By thacca
to bernard michael
16th May 2013 18:51

PDF Letterhead

Luke wrote:

The only thing I wish VT would do is enable me to do is pdf my invoices onto my proper headed paper, but that is hardly a big issue. 

If VT are reading I second that suggestion.

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16th May 2013 20:15

VT wish list

If VT are reading this, how about on-line filing of VAT.

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By thacca
to DJKL
16th May 2013 21:54

This too

jimmercy wrote:

If VT are reading this, how about on-line filing of VAT.

I agree with this as well.

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16th May 2013 23:45

VT clunky, more primitive

But it seems to do the job for many smaller practices who post on here.

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17th May 2013 05:56

VT clunky and primitive?

Extracted from the conclusions of the 2011 ICAEW survey of 700 member firms (the last one carried out):

Accounts production
VT Final Accounts is the standout performer across all dimensions and has pulled ahead of IRIS as the best performing package since 2007. VT has improved in overall total score and, in particular, has a 0% business critical failure rate in 2011.

Bookkeeping
VT Transaction+ stands out as the highest performer, with strong scores across all dimensions: although a small user base, those few who use this software are particularly positive, with 100% recommendation levels

See http://www.vtsoftware.co.uk/icaew/vtsummary.pdf

Philip Hodgson
VT Software

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17th May 2013 20:35

VT wishlist

It would be fantastic if at least VT cashbook and VT Transaction + worked on macs...   I keep on recommending that my clients download the software only for them to come back and say it won't work because they have a mac.  I know it is excel based and I have no idea what I am talking about in terms of how software is written etc but I would really like my mac clients to be able to use VT cashbook..... :)

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18th May 2013 08:33

Another wish-list for VT

Some of our clients use LibreOffice........... which includes a spread-sheet program that is really becoming very popular, because unlike Microsoft Office.........it is completely free !!   It would be  excellent if VT worked on LibreOffice 4.0 spread-sheet.   It is almost a replica of MS Excel - so should be easy for VTsoftware to offer the interface ability.

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to ireallyshouldknowthisbut
05th Jul 2013 18:31

taxhound wrote:

taxhound wrote:

It would be fantastic if at least VT cashbook and VT Transaction + worked on macs...   I keep on recommending that my clients download the software only for them to come back and say it won't work because they have a mac.  I know it is excel based and I have no idea what I am talking about in terms of how software is written etc but I would really like my mac clients to be able to use VT cashbook..... :)

 

Although VT will not run under Apple's OS X operating system, it can with emulation software - e.g. Parallels VM Fusion etc.

There is a also an option of dual booting into Windows or OS X at start up.

I am using Windows 7 (not a fan of Windows 8 at the moment) and Parallels 8 on a daily basis with no problems.

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to SusanHBryant
24th Mar 2018 11:49

Is the best 'what', bot?

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