Anthony Mills, one user, says:-I\'d happily tell people how great your software is! … How anyone would ever consider preparing charity accounts without it, is a mystery to me. It would be nigh on impossible, I believe!
This product is for use for one charity ONLY, and is the template for Independent Examination of an Unincorporated charity or CIO (Receipts and Payments basis) in Scotland.
Other single charity products in this product category cover other forms of charity accounts, such as incorporated charities, and if this particular product is not appropriate to your needs, then please look at the other products in this category.
These templates are designed to be used by a single charity, or a firm of accountants who only have one charity client. If a buyer, such as an accountancy firm, requires templates for the production of accounts for more than one charity client, then they should purchase the full version on the Sorpaid Shop in the category 'Multiple Charity Accounts'
The templates are NOT for bookkeeping purposes - they are for final accounts preparation in SORP compliant format. A user comes to the templates with a finalised Trial Balance prepared from a bookkeeping system, and the template turns this TB into a set of statutory accounts.
Our charity templates are Excel based templates that are compatible with the VT Software Final Accounts Production Software. They require an installation of VT Software in order to work.
Details of VT software are given on the 'How you use it' tab.
The accounts consist of a Trustees' Annual Report, a Statement of Financial Activities, an Income and Expenditure Account, a Balance Sheet and related notes and schedules.
The latest version of the templates, version 14, is compliant with the 2005 SORP as revised in 2008 and the 2008 FRSSE, and has a large number of new features that were not available in earlier versions.
Under the \'Manual/Resources tab of this product are links to sample accounts, and to a free copy of the operator's manual.
Knowledge required and technical support.
Because it is assumed that many users of these templates not only have a good working knowledge of Excel and VT, but also are qualified accountants, then the help and support on the technical aspects of these templates is limited.
We are very willing to offer limited telephone support on initial installation, and advice on technical difficulties with the operation of the software itself. In practice, as the templates are Excel based, we have found that very rarely has there been the necessity for any detailed support although on occasion we have referred users to VT for help with aspects specific to VT Software.
However, in the past, we have found that because of the specialised nature of charity accounting many users of the templates feel they need the benefit of technical accountancy assistance . Peter Brown & Co are able to offer an annual retainer for telephone support on technical charity accounting matters for £140 per annum. This will entitle a user to up to four hours technical discussion per annum. On more complex matters specific instructions would be taken. - See the advice section of the Sorpaid Shop.
If any user who did not take advantage of the annual retainer to provide assistance on technical accounting matters, Sorpaid reserve the right to charge a professional fee for the time engaged. Any purchaser of the templates would be advised when it was felt that a fee basis would be appropriate and the fee basis would be discussed and agreed before proceeding.
This product is for use for one charity ONLY, and is the template for Independent Examination of an Unincorporated charity or CIO (Receipts and Payments basis) in Scotland.
Other single charity products in this product category cover other forms of charity accounts, such as incorporated charities, and if this particular product is not appropriate to your needs, then please look at the other products in this category.
These templates are designed to be used by a single charity, or a firm of accountants who only have one charity client. If a buyer, such as an accountancy firm, requires templates for the production of accounts for more than one charity client, then they should purchase the full version on the Sorpaid Shop in the category 'Multiple Charity Accounts'
Our templates use the VT 'Manual input of Trial balance' method to input a previously prepared and fully analysed Trial Balance into a modified VT worksheet.
The Trial Balance is split between 'Restricted' and 'Unrestricted' funds, and a user follows a fourteen step procedure from Trial Balance input to the production of final accounts which are fully compliant with the Charities SORP.
This automatically transfers the data into a Statement of Financial Activities, an Income and Expenditure Account, a Balance Sheet and related notes and schedules.
Because the Charity SORP requires a great deal of analysis, it is then necessary to input the breakdown of several figures into the accounts into supporting schedules. The template will automatically inform the user if the schedules do not balance back to the prime figures in the accounts and the Trial Balance.
The template will automatically inform the user if the schedules do not balance back to the prime figures in the accounts and the Trial Balance.
The accounts are automatically formatted with note numbers and page numbers, enabling a full set of accounts to be printed off. A pdf file can be produced so that the end product can be sent by email.
Throughout the templates there are cross references to the relevant disclosure requirements of the SORP, and links to a library of publications and reference material on the internet.
There is also a built in disclosure checklist. There is comprehensive guidance on law and practice.This should enable a fully SORP compliant set of accounts to be produced.
The latest version of the templates, version 13, is compliant with the 2005 SORP as revised in 2008 and the 2008 FRSSE, and has a large number of new features that were not available in earlier versions.
Under the \'Manual/Resources tab of this product are links to sample accounts, and to a free copy of the operator\'s manual.
See the \'What it does\' tab for the degree of technical knowledge that is required and the level of support that is offered.
About VT
VT Final Accounts consists of an add-in program and statutory/final accounts templates for Microsoft Excel 95 or later. The add-in program extends the functionality of Excel and provides features such as automatic note numbering and the automatic hiding of blank rows and notes. It also provides an easy way of printing out multiple sheets of an Excel workbook with all the pages correctly numbered.
VT Final Accounts does not have its own program icon. It is accessed entirely from within Excel. VT Final Accounts produces accounts from trial balance stage upwards. It also contains an optional extended trial balance.
VT Software prices start at £199 plus VAT and is a low cost solution to general accounts production, and linked to our templates is a very cost effective way of producing charity accounts.
The program is produced by VT Software, Swan Centre, Fishers Lane, London W4 1RX
Tel 020 8995 1142
Fax 020 8995 1763
Email: info@vtsoftware.co.uk
Web: www.vtsoftware.co.uk
This product is for use for one charity ONLY, and is the template for Independent Examination of an Unincorporated charity (Receipts and Payments basis) in Scotland.
Other single charity products in this product category cover other forms of charity accounts, such as incorporated charities, and if this particular product is not appropriate to your needs, then please look at the other products in this category.
These templates are designed to be used by a single charity, or a firm of accountants who only have one charity client. If a buyer, such as an accountancy firm, requires templates for the production of accounts for more than one charity client, then they should purchase the full version on the Sorpaid Shop in the category 'Multiple Charity Accounts'
Reducing the risks of error - reducing the risk of harm to the name of your firm
How our templates will make production of charity accounts easier for you.
This product is for use for one charity ONLY, and is the template for Independent Examination of an Unincorporated charity (Receipts and Payments basis) in Scotland.
VT Accounts production software and Excel 2003 or above is required to be installed on the user\'s computer
Resources
Click here to view a sample set of accounts produced by Sorpaid's VT Charity templates
Or look at the accounts of the following charity numbers on the Charity Commission website:-
523368 1092560 1000406 1061705
Click here for a free copy of the user's manual
A recent independent comment on the accounting web
"I Like them and have used them for years. Yes, they are complex but then so are charity accounts and my fear would be that if the Sorpaid stuff was greatly simplified, one would be tempted to just do what the templates gave you and not dig any deeper. As it is now, you do have to have a reasonable knowledge of the charities SORP to use them and I am still finding out things I didn't know each time I use these templates. So yes, they are good but need some investment in time and effort to use them. No bad thing given the complexity of charity accounts"
A Quick Installation Guide and the manual for this product can be downloaded by logging into your account after purchase.
Prices
Licence Fees for one computer and for use with one charity only costs £50. From 1st January 2015, our products are free of VAT.
The basic package of 9 templates, including the receipts and payments template costs £140.00, and this single charity version can be upgraded to the full version for £90 at any time until the anniversary of the original purchase.
Other single charity products in this product category cover other forms of charity accounts, such as incorporated charities, and if this particular product is not appropriate to your needs, then please look at the other products in this category.
These templates are designed to be used by a single charity, or a firm of accountants who only have one charity client. If a buyer, such as an accountancy firm, requires templates for the production of accounts for more than one charity client, then they should purchase the full version on the Sorpaid Shop in the category \'Multiple Charity Accounts\'
Expiry and renewal details
Users of the 2014 version will be entitled to free upgrades until the anniversary of their original purchase. Such free upgrades will only relate to the 2014 version and to the individual template that has been purchased, unless upgraded to the full version.
Annual maintenance fees are payable on the anniversary of the original purchase each year. If you have paid for an annual maintenance fee, you will be entitled to free upgrades to the version current at the anniversary date until the next anniversary date of your maintenance fee, when you may again renew the fee on the same basis. You will also be entitled to upgrade to the full version on a similar basis to the first year. These free upgrades will not be available from the date when the law requires a new expanded SORP in accordance with International Financial Reporting Standards,applying to accounting periods commencing on 1st January 2015. At that point a new subscription will have to be taken out. These fees are currently £50 per annum.If you are purchasing a Receipts and Payments template ONLY, then the new SORPs will not apply.
We will issue reminders to users suggesting they renew their maintenance agreement at the point when it is due.
