| VT | Accountin | |
|---|---|---|
| Runs on | A Windows PC | Any computer or tablet with a web browser |
| On a Mac | Not supported, including Windows in a virtual machine | Safari, Chrome or Edge, and on an iPad |
| Client books | One data file for each business, open to one person at a time | Held online, open to several people at once |
| Sharing a client | Through Dropbox, Google Drive or OneDrive, one person at a time | Everyone in the practice who has a login |
| Year-end accounts | VT Final Accounts, an add-in for the 32-bit desktop version of Excel | Built in, under FRS 105 and FRS 102 Section 1A |
| Price | VT's prices page, linked below, shows two different sets of figures | £175 a year for the first user and £90 a year for each extra user, plus VAT |
The bookkeeping in Accountin
Bank statements come in as CSV, OFX, QFX or QIF files. Accountin suggests a code and a VAT rate for each line, and you confirm them in a batch.
Sales and purchase invoices are entered one by one or in a batch, with customer and supplier ledgers and aged balances. Journals cover wages, depreciation, accruals, prepayments, stock and dividends, and the trial balance, profit and loss account and balance sheet are there at any date.
Moving a client from Transaction+
Transaction+ exports a trial balance to CSV from its Edit menu, and copies customer and supplier names and addresses to the clipboard. Do this for each client at the last year end.
We map your VT nominal accounts to the Accountin chart of accounts with you, once per client. The opening balances go in, and last year's figures become the comparatives in this year's accounts.
VAT and income tax
VAT returns under the standard, cash accounting and flat rate schemes are worked out from the books, and a client can approve one from their phone. Quarterly income tax updates are built from the same records. Returns go to HMRC once HMRC grants Accountin live access.
Related guides
The founding offer for practices on the waiting list
- The price stays at £175 a year for the first user and £90 a year for each extra user, plus VAT, for as long as you stay with Accountin.
- We move your clients across from VT, BTCSoftware or Taxfiler for you.
- Accountin Plus free for your first year. Plus is coming soon, at £49 a month per practice, plus VAT.
The offer is for practices that join the waiting list before Accountin opens. Accountin opens to the waiting list first, in the order practices joined, with 30 days free. We have not set an opening date.
Join the waiting list
Tell us about your practice and we will plan the move with you, client by client.