VT

Pricing

Single user license £75 (inc 12mo support); additional licences £75

Functionality

Bank rec, MTD for VAT, Multi-currency

Integration

VT Final Accounts

Firm size

  • Small
  • Medium
  • Large

Free trial

60 days

User reviews

4.7
(112 user ratings)
Our trusted reviews are independent, first hand opinions taken from the UK's largest survey of business software users. These ratings are used to decide the Software Excellence Awards from the Accounting Excellence 2018 programme

Key Features

  • Spreadsheet interface supports rapid data entry for a mixture of transaction types
  • Choice of journal entry methods: classic and trial balance style
  • Universal import sheet allows copying/pasting and import of transactions from other systems
  • Right-click any transaction in any window/report to display edit or delete that record
  • Fast and easy bank reconciliation
  • Sales ledger includes due dates system, credit control statements, letters and age analysis
  • Automatic year-end process, with ability to lock periods and alter year-end dates
  • Profit and loss account and balance sheet can be displayed in tax return format and exported to other systems
  • Integration with MS Office means users can send files as email attachments from within VT Transaction+
  • Can be used interchangeably with files created by the free VT Cash Book program to enter journals and finalise accounts

Product screenshots

Click an image to enlarge

What VT Transaction+ says

VT Transaction+ is a fully-featured accounting/bookkeeping package for Windows. VT Transaction+ can be used in a wide range of circumstances from small incomplete records jobs to companies with hundreds of thousands of transactions. It can also be used to process and adjust trial balances.

VT Transaction+ has an integrated ledger structure that includes a cashbook, customer and supplier ledgers and is based on double entry principles. VT Transaction+ can contain an unlimited number of accounts and transactions.

VT Transaction+ is flexible and easy to use, data entry is very fast and transactions and entries can be easily edited. Users of VT Final Accounts can automatically import a trial balance from VT Transaction+ and drill down directly to transactions.

What users say about VT Transaction+

Read user reviews

    Pros

  • Flexible, easy to use and has very useful features
  • Simple to use, reliable, good value
  • Double entry functionality
  • Ability to correct errors and analyse transactions by date order
  • Speed of data entry
  • It remembers your transactions for next time, has different ways of inputting - clients love it too

    Things you might change

  • MTD compatibility was a concern during 2018 - now resolved by developer
  • Not cloud-based
  • Need it to process flat rate and non-standard VAT schemes
  • Unique record number for transactions would be useful

Functionality

4.7

    Pros

  • Flexible, easy to use and has very useful features
  • Double entry functionality
  • Final accounts preparation straightforward
  • Ability to correct errors and analyse transactions by date order
  • Ease of making bulk corrections/repostings

    Things you might change

  • Not cloud-based
  • Need it to process flat rate and non-standard VAT schemes
  • Unique record number for transactions would be useful

Support

4.4

    Pros

  • Good support

    Things you might change

  • Interactive help guide is a bit technical for Joe Public

Ease of use

4.8

    Pros

  • It's simple, but effective
  • Speed of data entry
  • Easy error correction
  • Ease of use and price
  • Can easily send anything to client

    Things you might change

  • Would benefit from easier invoice template production

Value for money

4.9

    Pros

  • Excellent value
  • Ease of use and value for money

    Things you might change

  • Practice size-based pricing would be welcome - sometimes it works out too expensive

What AccountingWEB says

VT Transaction+ has been one of the mainstays of the small practice accounting software market for many, many years. Designed as an data collection/input companion for the company’s VT Final Accounts package, VTT+ is notable for its speed, ease of use and flexibility.

VT Transaction+ still performs very competitively in our annual survey - just missing out on the Practitioner’s Choice award for Small Business Accounting Software in our Accounting Excellence Awards 2018 - but its share of the voting population has been in decline for the past few years.

The introduction of Making Tax Digital accelerated the use of cloud accounting in the UK and posed a new challenge for the developer, but strong demand from loyal users prompted VT Software to recommit to developing its bookkeeping tool for MTD in December 2018. The change of strategy directly addressed concerns raised among users rating the software and will be widely welcomed by many of the small practitioners who frequent AccountingWEB. There looks to be life in the old desktop challenger yet.

User reviews (32)

About the reviews
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5
Principal/Senior Partner, Less than £250k
18 April, 2018

What do you like?

Easy to use

What would you change?

There is currently no multi-user ability
5
Less than £250k
11 April, 2018

What do you like?

Instinctive to use, with very knowledgable staff support
5
Less than £250k
31 March, 2018

What do you like?

Really easy to use and to make corrections
5
£500k-£999k
29 March, 2018

What do you like?

Flexibility

What would you change?

Easier invoice template production
4.3
Less than £250k
29 March, 2018

What do you like?

How it remembers your transactions for next time and the different ways of inputting. Clients love it too

What would you change?

Cloud function

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