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How to Use VT Final Accounts to Generate iXBRL Files for Corporation Tax Returns



How to Download VT Final Accounts and Use It to Prepare and File Your Accounts




If you are looking for a simple and efficient way to prepare and file your accounts, you might want to consider using VT Final Accounts. VT Final Accounts is a popular accounting software that runs in Microsoft Excel and produces professionally formatted accounts for various types of entities. In this article, we will show you what VT Final Accounts is, how to download it, and how to use it to prepare and file your accounts.




download vt final accounts




What is VT Final Accounts?




VT Final Accounts is an Excel add-in that enables you to prepare year-end accounts and file them electronically with Companies House. It is developed by VT Software, a UK-based company that specializes in accounting software solutions. VT Final Accounts is designed for accountants, bookkeepers, and business owners who want to create accurate and compliant accounts in a fast and easy way.


Features and benefits of VT Final Accounts




Some of the features and benefits of VT Final Accounts are:


  • It allows you to prepare accounts for different types of entities, such as companies, LLPs, sole traders, and partnerships.



  • It supports various accounting standards, such as FRS 102, FRS 105, FRSSE, and micro-entities regime.



  • It includes a corporation tax computation for company accounts.



  • It lets you import or enter a trial balance from any accounting package, such as VT Transaction+, VT Cash Book, QuickBooks, Sage, Xero, etc.



  • It provides a range of templates and formats for the accounts worksheet, such as abbreviated, full, detailed, summary, etc.



  • It enables you to customize and format the accounts worksheet according to your preferences, such as adding notes, disclosures, logos, signatures, etc.



  • It allows you to convert the accounts worksheet into a PDF file for printing or emailing.



  • It allows you to generate an iXBRL document from the accounts worksheet at the touch of a button. iXBRL is a format that combines human-readable HTML with machine-readable XBRL tags. It is required by HMRC and Companies House for filing accounts online.



  • It allows you to self-tag any set of accounts or corporation tax computation in any Excel workbook using its iXBRL tagging tool.



  • It offers a 60-day free trial period before you have to purchase a license key.



System requirements and pricing of VT Final Accounts




To use VT Final Accounts, you need:


  • A Windows PC with Windows 7 or later.



  • The 32-bit desktop version of Excel (versions: 2003, 2010 to 2021 and 365). The software does not run in the 64-bit version of Excel.



  • An internet connection for downloading, installing, activating, and updating the software.



The pricing of VT Final Accounts depends on the number of users and entities that you need. The current prices are:


How to download vt final accounts for Excel


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VT final accounts tutorial: how to prepare and file accounts in Excel


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VT final accounts system requirements and installation guide


How to get a license key for vt final accounts and vt transaction+


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How to use vt final accounts to generate corporation tax computation


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How to create professional reports with vt final accounts


How to use vt final accounts for LLPs and charities


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Number of usersNumber of entitiesPrice per year (excl. VAT)


1Unlimited£199


2 to 5Unlimited£299


6 to 10Unlimited£399


11 to 20Unlimited£499


21 to 50Unlimited£599


51 to 100Unlimited£699


1 to 1001£99


1 to 1002 to 5£149


1 to 1006 to 10£199


1 to 10011 to 20£249


21 to 50£299


51 to 100£349


How to download VT Final Accounts




To download VT Final Accounts, you need to visit the official website of VT Software and follow the instructions below:


Steps to download VT Final Accounts from the official website




  • Go to and click on the "Download" tab at the top of the page.



  • Scroll down to the section "VT Final Accounts" and click on the link "Download VT Final Accounts".



  • A pop-up window will appear asking you to enter your name and email address. Fill in the required fields and click on "Submit".



  • You will receive an email from VT Software with a link to download the software. Click on the link and save the file to your computer.



  • The file name will be something like "VTFASetup.exe". It is about 30 MB in size.



Steps to install VT Final Accounts on your computer




  • Locate the file "VTFASetup.exe" on your computer and double-click on it to run it.



  • A window will appear asking you to confirm that you want to install VT Final Accounts. Click on "Yes".



  • A setup wizard will guide you through the installation process. You can accept the default settings or change them as you wish.



  • The installation will take a few minutes. When it is finished, you will see a message saying "VT Final Accounts has been successfully installed". Click on "Finish".



  • You can now launch VT Final Accounts from the Start menu or from your desktop.



Steps to activate VT Final Accounts with a license key




  • To activate VT Final Accounts, you need a license key that you can purchase from VT Software. You can either buy a license key online or by phone.



  • If you buy a license key online, you will receive an email from VT Software with your license key and instructions on how to enter it.



  • If you buy a license key by phone, you will be given your license key verbally and instructions on how to enter it.



  • To enter your license key, open VT Final Accounts and click on the "Help" menu at the top of the screen. Then click on "Enter License Key".



  • A window will appear asking you to enter your license key. Type in your license key exactly as it is given to you and click on "OK".



  • You will see a message saying "Your license key has been accepted". Click on "OK".



  • You can now use VT Final Accounts without any limitations.



How to use VT Final Accounts to prepare and file your accounts




To use VT Final Accounts to prepare and file your accounts, you need to create an accounts worksheet in Excel using VT Final Accounts, import or enter a trial balance into the accounts worksheet, customize and format the accounts worksheet according to your needs, generate an iXBRL document from the accounts worksheet, and submit the iXBRL document to Companies House online. Here are the steps in detail:


Steps to create an accounts worksheet in Excel using VT Final Accounts




  • Open Excel and click on the "VT" tab at the top of the screen. Then click on the "New" button.



  • A window will appear asking you to select an entity type for your accounts. Choose one of the options, such as company, LLP, sole trader, or partnership.



  • A window will appear asking you to select an accounting standard for your accounts. Choose one of the options, such as FRS 102, FRS 105, FRSSE, or micro-entities regime.



  • A window will appear asking you to select a template for your accounts worksheet. Choose one of the options, such as abbreviated, full, detailed, summary, etc.



  • A window will appear asking you to enter some basic information about your entity, such as name, address, registration number, year end date, etc. Fill in the required fields and click on "OK".



  • An accounts worksheet will be created in Excel using VT Final Accounts. You can save it as an Excel file with any name you like.



Steps to import or enter a trial balance into the accounts worksheet




  • To import a trial balance from another accounting package, such as VT Transaction+, VT Cash Book, QuickBooks, Sage, Xero, etc., you need to export the trial balance from the accounting package as a CSV file and save it to your computer.



  • To import the CSV file into the accounts worksheet, click on the "VT" tab at the top of the screen. Then click on the "Import" button.



  • A window will appear asking you to select the CSV file that contains the trial balance. Browse to the location of the file and click on "Open".



  • A window will appear asking you to map the columns of the CSV file to the columns of the accounts worksheet. You can use the default mapping or change it as you wish. Click on "OK".



  • The trial balance will be imported into the accounts worksheet. You can check and edit the figures as needed.



  • To enter a trial balance manually into the accounts worksheet, you can type in the figures directly into the cells of the worksheet. You can also copy and paste the figures from another Excel workbook or from any other source.



  • Make sure that the trial balance is balanced, i.e., the total of debits equals the total of credits. You can use the "Check" button on the "VT" tab to verify this.



Steps to customize and format the accounts worksheet according to your needs




  • To customize and format the accounts worksheet, you can use the various options and tools available on the "VT" tab and on the Excel ribbon.



  • To add notes and disclosures to your accounts, you can use the "Notes" button on the "VT" tab. A window will appear with a list of notes that you can insert into your accounts worksheet. You can select one or more notes and click on "Insert". You can also edit or delete any note as you wish.



  • To add logos, signatures, or other images to your accounts, you can use the "Insert" tab on the Excel ribbon. Click on the "Pictures" button and browse to the location of the image file that you want to insert. You can resize and position the image as you like.



  • To change the font, color, alignment, or other formatting options of your accounts, you can use the "Home" tab on the Excel ribbon. You can apply any formatting option to any cell or range of cells in your accounts worksheet.



  • To hide or unhide any row or column in your accounts worksheet, you can use the "Hide & Unhide" button on the "VT" tab. A window will appear with a list of rows and columns that you can hide or unhide in your accounts worksheet. You can select one or more rows or columns and click on "Hide" or "Unhide".



  • To print or preview your accounts worksheet, you can use the "Print" button on the "VT" tab. A window will appear with various printing options that you can adjust as you wish. You can also use the "Print Preview" button to see how your accounts worksheet will look like when printed.



Steps to generate an iXBRL document from the accounts worksheet




  • To generate an iXBRL document from the accounts worksheet, you need to click on the "iXBRL" button on the "VT" tab. A window will appear with various options for creating the iXBRL document.



  • You need to select the type of iXBRL document that you want to create, such as accounts or corporation tax computation. You also need to select the filing destination, such as HMRC or Companies House.



  • You need to enter some information about your entity, such as name, address, registration number, year end date, etc. You can also enter some information about the iXBRL document, such as title, description, date, etc.



  • You need to click on the "Create" button to generate the iXBRL document. The iXBRL document will be created in a new Excel workbook and saved as an HTML file with the same name as your accounts worksheet.



  • You can check and edit the iXBRL document as needed. You can also use the "Validate" button on the "VT" tab to check if the iXBRL document is valid and compliant with the filing requirements.



Steps to submit the iXBRL document to Companies House online




  • To submit the iXBRL document to Companies House online, you need to visit the Companies House website and log in with your credentials. If you do not have an account, you need to register first.



  • You need to go to the section "File your company accounts" and follow the instructions on the screen. You will be asked to select your company and confirm some details.



  • You need to upload your iXBRL document as an attachment and click on "Submit". You will receive a confirmation message and a receipt number for your submission.



  • You can check the status of your submission on the Companies House website. You will also receive an email from Companies House confirming that your submission has been accepted or rejected.



Conclusion




In this article, we have shown you how to download VT Final Accounts and use it to prepare and file your accounts. VT Final Accounts is a powerful and user-friendly accounting software that runs in Excel and produces professionally formatted accounts for various types of entities. It also allows you to generate and submit iXBRL documents online with ease. If you are looking for a simple and efficient way to prepare and file your accounts, you might want to give VT Final Accounts a try.


Call to action and contact information




If you want to learn more about VT Final Accounts or download a free trial version, you can visit the official website of VT Software at . You can also contact VT Software by phone at 020 8995 1142 or by email at info@vtsoftware.co.uk. They will be happy to answer any questions or queries that you might have.


Thank you for reading this article and we hope that you found it useful and informative. If you have any feedback or suggestions, please feel free to leave a comment below. We would love to hear from you!


FAQs




What are the advantages of using VT Final Accounts over other accounting software?




Some of the advantages of using VT Final Accounts over other accounting software are:


  • It is easy to use and requires minimal training.



  • It is flexible and customizable according to your needs.



  • It is compatible with any accounting package that can export a trial balance as a CSV file.



  • It is affordable and offers various pricing options depending on your needs.



  • It is reliable and compliant with the latest accounting standards and filing requirements.



How can I get support or help with VT Final Accounts?




If you need support or help with VT Final Accounts, you can:


  • Visit the support section of the VT Software website at . There you can find user guides, tutorials, videos, FAQs, updates, and other resources.



  • Contact VT Software by phone at 020 8995 1142 or by email at support@vtsoftware.co.uk. They are available from Monday to Friday from 9 am to 5 pm (UK time).



  • Join the VT Software user group on LinkedIn at . There you can network with other users, share tips and tricks, ask questions, and get feedback.



How can I update my version of VT Final Accounts How can I update my version of VT Final Accounts?




If you want to update your version of VT Final Accounts, you can:


  • Visit the update section of the VT Software website at . There you can find the latest version of VT Final Accounts and download it.



  • Run the file "VTFASetup.exe" that you downloaded and follow the instructions on the screen. The update will overwrite your existing version of VT Final Accounts and retain your settings and license key.



  • You can also check for updates from within VT Final Accounts by clicking on the "Help" menu at the top of the screen. Then click on "Check for updates". If there is a new version available, you will be prompted to download and install it.



How can I backup or restore my accounts worksheets?




If you want to backup or restore your accounts worksheets, you can:


  • Use the "Backup" and "Restore" buttons on the "VT" tab in Excel. These buttons will allow you to backup or restore your accounts worksheets to or from a folder of your choice.



  • Use the standard Excel features to save, copy, move, or delete your accounts worksheets as any other Excel files. You can also use any external backup software or cloud storage service to backup or restore your accounts worksheets.



  • However, you should not rename or change the extension of your accounts worksheets, as this might cause problems with VT Final Accounts.



How can I uninstall VT Final Accounts from my computer?




If you want to uninstall VT Final Accounts from your computer, you can:


  • Go to the Control Panel and click on "Programs and Features". Then find and select "VT Final Accounts" and click on "Uninstall". Follow the instructions on the screen to complete the uninstallation process.



  • You can also use the "Uninstall" button on the "VT" tab in Excel. This button will launch the uninstallation wizard and guide you through the process.



  • However, you should not delete any files or folders related to VT Final Accounts manually, as this might cause errors or leave traces on your computer.



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