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VT Cashbook

  • Member PM.Dip
  • Practice Licence
  • 9 posts
  • # 87781

Hi,

Is there anyone who can help me with the opening balances in VT cashbook?

I am currently studying with ICB and also completing the full Sage package with Open College. I have reached level 2 manual book keeping level with ICB. I have been helping a friend do her books for the past year,manually. I've decided to give VT cashbook a go. I am wanting to transfer the opening balances from the last period end. I can understand the OB's for the bank accounts but I can't fathom out how to enter OB's for the capital account and the fixed assets. I haven't purchased VT transaction+, is it advisable to have this aswell as I am wondering if having this makes the process more straight forward.

Many thanks to anyone who can offer me some advice.

Jools

Edited at 18 Jan 2013 01:45 PM GMT
Jo G
  • Fellow PM.Dip
  • Practice Licence
  • 186 posts
  • # 87797

Julie Bsaid:

“Hi,

Is there anyone who can help me with the opening balances in VT cashbook?

I am currently studying with ICB and also completing the full Sage package with Open College. I have reached level 2 manual book keeping level with ICB. I have been helping a friend do her books for the past year,manually. I've decided to give VT cashbook a go. I am wanting to transfer the opening balances from the last period end. I can understand the OB's for the bank accounts but I can't fathom out how to enter OB's for the capital account and the fixed assets. I haven't purchased VT transaction+, is it advisable to have this aswell as I am wondering if having this makes the process more straight forward.

Many thanks to anyone who can offer me some advice.

Jools

Edited at 18 Jan 2013 01:45 PM GMT”
Hi Jules,

I hope to be stand corrected but I'm not sure you can create opening balances for anything apart from the bank (according to the manual anyway http://www.vtsoftware.co.uk/cashbook/cashbookguide.pdf) You can however easily do it in a journal entry with VT Transactions+ (see manual http://www.vtsoftware.co.uk/support/tranplusguide.pdf).

VT Cash Book is a simplied version of VT Transations+ where you simply record payments & receipts - you don't record purchase invoices, sales invoices, perform journals etc. so you will either need to purchase a copy of VT Transactions+ which isn't that expensive at £125+ VAT for a single user, mulitple company license. Other people could then do the basic entry in the free version of VT Cash Book & email the file to you to make any necessary checks & amandments.

So, you will either need to purchase VT Transactions+ or email the VT Cashbook file to someone who has VT Transaction+ along with the opening balances & ask them to input them & email the file back.

Hope that helps,

Jo    

  • Member PM.Dip
  • Practice Licence
  • 9 posts
  • # 87800

Thanks for that info Jo. I've had a look at VT transaction+ and decided to purchase it and I've already made good headway in getting on with my work.

Once again thankyou. 
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