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smartin


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Re VT Transaction +
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Hi

Having read through the forum I decided to have a look at both Quickbooks and
VT Transaction +.
I have downloaded the trial version which I like the look of. It looks really simple to use.

I wonder if any of you have gone for the final accounts version or just the Transaction + version. Also do you bother to renew the subscription each year ?

I am looking at getting my Practise Licence through ICB (just passed level 2 comp. and waiting for the results of my level 2 manual) and will be purchasing VT I think and go for Sage if a client requests it (its sooo expense though isn't it, even with the Bookkeepers Club).

Value your advice though guys.

Shirley

-- Edited by smartin on Wednesday 3rd of March 2010 10:20:33 AM

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Harps


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Hi Shirley,

I have the VT final accounts as I process the year end accounts for a sole trader client and also my own accounts. The accounts look more professional than just printing a report of the profit and loss and balance sheet.
I really like the software and it is easy to use.

I enquired into Sage Bookkeepers club, but decided to wait until I knew what my clients needs were. So far, the only clients I have that use Sage are the ones I visit on site and therefore they have purchased the software.

It will be nice to see what other VT users think.

Harps.

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smartin


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Hi Harps
Thanks for that - I think with the small price difference I'll probably go with the final accounts version. Do you renew the licence each year ?

Shirley

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Harps


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Hi Shirley

I haven't had it 12 months yet.

It currently costs £150 + vat to renew and this includes 5 enquiries p.a to the support team and also updates. I purchased it in September and as yet I haven't had to contact them for support as the help guide is pretty good and have answered my queries so far.

I think it will depend on the number of clients I will use it for at the time of renewal.

Harps.

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Flex Accounting Services


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harps, whats the difference between the transaction + and the final accounts versions as I have got the trial version of transaction + and can see there are p& l's and balance sheets in there. Just wondered what else you got with the final accounts package please

Bev

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Beverley Flanagan MICB, CB Dip, PM Dip.
info@flexaccounting.co.uk
www.flexaccounting.co.uk
Harps


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Hi Bev,

As far as I am aware, VT Transaction+ will give a printout of the profit & loss and balance sheet, however the VT Accounts prepares the accounts in a professional manner and is adapted to the type of business you are dealing with ie sole trader, limited etc.
The accounts I produced for a sole trader had 8 pages.
page 1 - the business name and date of accounts
page 2 - contents page
page 3 - Business info - proprietor, address and bookkeepers details (my details).
page 4 - approval statement - acknowledges their approval of the accounts and responsibility
page 5 - profit & loss account
page 6 - balance sheet
page 7 - profit & loss accounting basis - in accordance with UK General Accepted Accounting and also has profit & loss analysis.
page 8 - cost, depreciation and net book value details

I understand that this is not available in Transaction+ but I will be corrected if anyone has anymore information that I aren't aware of. When I rang the helpline and explained I would be producing accounts for sole traders, this is the package they advised.


Hope that helps.

Harps.

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