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
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.
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 ?
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, 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
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.
