Learn Vt Transaction+ For Bookkeeping

Bookkeeping, Invoicing, VAT and Journals

What you'll learn

Understand how to use VT Transaction+ to record the transactions for a small business.

Setup VT Transaction+ for a new business

Reconcile a bank account

Importing credit card and bank statements

Requirements

This course will deliver and introduction to using VT transaction+ software. You should already have a working knowledge of bookkeeping, or experience in other bookkeeping systems.

Description

VT Transaction+ stands as a remarkably valuable yet often underappreciated bookkeeping software in the market. In our comprehensive 15-module training course, we delve deep into the myriad features of VT Transaction+, guiding participants through its robust capabilities.This exceptional software is a comprehensive bookkeeping and accounting solution designed for Windows. It is versatile, catering to a wide spectrum of needs, from managing small-scale incomplete-records tasks to handling companies with extensive transaction histories numbering in the hundreds of thousands. VT Transaction+ offers an integrated ledger structure that encompasses a cashbook, customer, and supplier ledgers, all grounded in the principles of double-entry bookkeeping.One of the course's highlights is the practical experience in bookkeeping for a real-world business, specifically Craig Green Joinery. Participants will be taken step-by-step through the process of managing the bookkeeping for this business, providing hands-on experience and practical application of the software’s features.VT Transaction+ distinguishes itself with its user-friendly interface, allowing for rapid data entry and straightforward editing of transactions and entries. Its flexibility and ease of use make it a preferred choice for many users over more widely known packages. Additionally, VT Transaction+ is fully compatible with VT Final Accounts, enabling automatic import of trial balances and direct drill-down to transactions.For businesses concerned with Making Tax Digital (MTD) for VAT compliance, VT Transaction+ stands out. The software not only generates VAT returns but also submits them digitally to HMRC. This feature is enhanced by the VT MTD for Excel add-in, which allows for the digital submission of VAT returns created in any Excel spreadsheet.Our training session is not just about learning the software; it's about empowering bookkeepers and business owners to use a tool that brings efficiency, accuracy, and compliance to their financial management. Join us to uncover the full potential of VT Transaction+ and elevate your bookkeeping skills to a new level.

Overview

Section 1: Introduction and Setup

Lecture 1 Introduction

Lecture 2 Setting up the file

Lecture 3 VAT and Setup

Lecture 4 Entering Opening Balances

Lecture 5 Reverse Opening Prepayments & Accruals

Lecture 6 Amend Nominal Ledger Accounts

Lecture 7 Setup Customer & Supplier Accounts

Lecture 8 Transfer Customer & Supplier Balances

Section 2: Dealing with Customers and Suppliers

Lecture 9 Post Sales Invoices & Credit Notes

Lecture 10 Post Purchase Invoices & Credit Notes

Lecture 11 Process Receipts and Payments

Section 3: Cash Expenses

Lecture 12 Small Cash Expenses

Section 4: Month End

Lecture 13 Prepare VAT Return

Lecture 14 Reconcile the Bank Account

Lecture 15 Post Depreciation Journals

Section 5: Reports and Finalising

Lecture 16 Finishing

Section 6: Bonus

Lecture 17 Import a Credit Card Statement

Lecture 18 Importing a Bank Statement

Lecture 19 Using Sage Codes in VT Transaction+

This course is ideal for bookkeepers starting out or those who wish to add another string to their bow in terms of a new software.