| DIY Accounting produce Accounting Software | | | | assets are entered. Deprecistion perecentages |
| for UK limited liability companies which | | | | are already set in the fixed asset schedule |
| consists of teamplates on excel spreadsheets, | | | | to calculate depreciation and can be changed |
| suitable for any small limited company aimed | | | | for individual requirements. |
| at automating monthly profit and loss account | | | | |
| and a set of final company accounts with | | | | The limited company corporation tax liability |
| balance sheet ready for publication. | | | | is also calculated automatically in such a |
| | | | way that all the calculations; additions and |
| As the whole small business accounting | | | | deductions are both automated and visible. |
| software for a limited liability company is | | | | Capital allowances on both existing and new |
| written on excel spreadsheets all bookkeeping | | | | assets being shown on the corporation tax |
| transactions are visible. The excel | | | | calculation. |
| spreadsheets have 12 monthly sheets in each | | | | |
| work book. Prime data entry excel | | | | Accountancy Knowledge Required |
| spreadsheets being provided for sales, | | | | |
| purchases, cash, bank, savings account and | | | | The limited liability company accounting |
| credit card account. Financial transactions | | | | software is based upon single entry of |
| such as sales or expenses are then simply | | | | transactions requiring no accounting or |
| listed on the appropriate months' sheet. And | | | | bookkeeping knowledge. All the accounting |
| changes or errors can easily be rectified by | | | | knowledge required to perform the double |
| simply deleting errorsa or entering new | | | | entry of transactions which is a required |
| information. This simple listing process is a | | | | feature to produce a balance sheet has been |
| huge advantage to non accountants as no | | | | automated. The company accounts package has a |
| previous bookkeeping or accountancy software | | | | feature so that the previous years' numbers |
| knowledge is required. | | | | may be entered with a list of the opening |
| | | | customers and suppliers, debtors and |
| Bank spreadsheets can be entered by listing | | | | creditors. A minimal level of accounting |
| the items that appear on the bank statement | | | | knowledge is required to correctly list the |
| and include a box to enter the statement | | | | closing debtors and creditors and check the |
| balance each month. The formulae within the | | | | totals of those lists agrees with the |
| excel spreadsheet then automatically checks | | | | automated balances shown on the company |
| that the entries made agree with the | | | | accounts balance sheet |
| statement balance producing effective bank | | | | |
| reconciliation. A good feature that ensures | | | | Very Low Priced |
| entries are recorded accurately in the | | | | |
| companies accounts. | | | | At £15 the accounting software can save |
| | | | many businesses exempt from a full audit the |
| The simple bookkeeping entries that have been | | | | need to employ an accountant potentially |
| made to the sales,purchases and the bank | | | | saving hundreds of pounds in professional |
| statement is automatically transferred to the | | | | fees. Hundreds of small limited companies |
| financial accounting file. In this file is a | | | | with up to 20 employees also purchase the DIY |
| trial balance which actually automates all | | | | Accounting Payroll Software which is sold |
| the double entry accounting transactions. No | | | | separately from £14.99 and fully |
| entries are required removing the need for | | | | integrates into the Financial Accounting |
| users to have accounting experience. The | | | | Software. |
| Trial Balance is purely an accounting | | | | |
| solution, visible and contains an audit check | | | | Other Features |
| to again ensure the company accounts are | | | | |
| accurate with no entries are required. The | | | | The product has a stock control feature to |
| absence of required entries in the area of | | | | monitor any stock losses. The limited company |
| accountancy makes the product an ideal | | | | accounting software contains a wages |
| company accounts package for companies | | | | interface that fully integrates the DIY |
| requiring a small business accounting | | | | Accounting Payroll Software when those files |
| software package. | | | | are saved into the same folder as the |
| | | | accounting software files. Being written on |
| Within the financial accounting software file | | | | excel spreadsheets all transactions are |
| is an automated monthly profit and loss | | | | visible and capable of being changed by for |
| account to enable limited companies to track | | | | example overwriting any errors as opposed to |
| their financial performance and very | | | | a database system that requires new |
| important, the package also produces a | | | | transactions to be entered to reverse |
| balanced profit and loss account and Balance | | | | previous entries. The sales and purchase |
| Sheet in the correct format for submission of | | | | spreadsheets include columns for entering CIS |
| the final accounts. This set of final | | | | tax deductions and payments and the |
| accounts automatically gathering the | | | | certificate numbers. The CIS tax being then |
| financial information from the basic entries | | | | automatically entered on the self assessment |
| made and includes the statutory notes | | | | tax return. As the small business accounting |
| required for a set of company accounts being | | | | software is written on excel spreadsheets |
| published. | | | | then it is essential that users have a |
| | | | version of excel from 1998 onwards installed |
| The package is equally suitablke for both vat | | | | to use the program. The financial accounting |
| and non vat registered business with vat | | | | software is used by some clients who do not |
| returns produced at the touch of a button | | | | have excel and instread use an OpenSource |
| each quarter. To produce a vat return clients | | | | spreadsheet program. |
| simply go to the vat file and select the | | | | |
| quarter end date from a drop down menu and | | | | Conclusion: to Buy or not to Buy |
| the figures for the vat return are | | | | |
| automatically generated. The vat calculations | | | | Exceptionally good value, very easy to use |
| can be disabled by non vat registered small | | | | and produces exactly what every small limited |
| businesses by simply changing the standard | | | | company requires in a small business |
| vat rate from 17.5 to zero making the | | | | accounting software package, automated |
| accounting software suitable for both vat | | | | accounts requiring no bookkeeping skills and |
| registered and non vat registered businesses. | | | | no previous financial accountancy software |
| | | | experience with the valuable end product of a |
| The fixed asset schedule is preset with the | | | | fully automated final set of accounts for the |
| capital allowance tax rates to automatically | | | | limited liability company. |
| calculate capital allowances when fixed | | | | |