InPractice ETB Financial Statements Production

6-in-1

All done in HALF a day enabling you to leave work on time

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6-in-1

Produce financial statements for

unlimited number of clients on

unlimited number of your firm’s computers:

1. Exempt from Audit Co Ltd

2. Audited Co Ltd

3. Abbreviated Co Ltd

4. Dormant Co Ltd

5. Sole Trader

6. Partnership

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MS Excel platform

Use on MS Excel 2000 to 2010 or higher (driven by VisualBasic programming) Open, input, edit, save, print = Basics of Excel Enter in ETB the Debit & Credit of accounting = Accountant’s basic technical training Enter Journals to adjust and finalise Edit ‘Notes to Accounts’

= Financial Statements printed in half a day .

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Ltd Co – Balance Sheet

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Ltd Co – P & L A/C

Ltd Co – Notes to Accounts

Sole Trader

Partnership

What you get

Ltd: Balance Sheet Exempt and Audited Ltd: Directors Report Ltd: Accountant’s Report, Auditor’s Report Ltd: Notes to Accounts Ltd: Abbreviated Balance Sheet Ltd: Abbreviated Notes to Accounts Ltd: Dormant Sole Trader: P&L (Self-Assessment format), Balance Sheet, Notes to Accounts Partnership: P&L (Self-Assessment format), up to four partners appropriation account, Balance Sheet, Notes to Accounts

Method 1 - Enter Setup Data - Co name, y/e date, directors

2 - Enter Opening Trial Balance

If Incomplete Records: 3 - Enter SUMMARY - Control A/C Bank, Cash

If Closing Trial Balance supplied:

3 – Enter CLOSING Trial Balance

4 – Journals (re-allocate, adjust, modify)

5 - Enter Accruals, Prepayments, Stock, Depreciation, Tax Provision, Dividend

6 – Edit ‘Notes to Accounts’ 7 - Print

Extended Trail Balance

This software is made by auditors with 40 years experience of using Extended Trail Balance in London accountancy firms

First produced in 1995, upgraded annually for changing regulations, short cuts discovered and user suggestions

The practitioner’s Extended Trial Balance was the fastest in the pencil & eraser days, now it is at lightening-speed on computers

You input numbers into this ETB to instantly shape up: Financial Statements, Lead Schedules, Ratios, Graphs

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If a difference exists, it is flagged

Benefits

Easy to use: it is on MS Excel

Self-Diagnosis: “difference” flagged up in the columns as the difference is in

Save time : ETB Is the fastest technique for financial statements production

Accuracy: Balance Sheet agrees to the penny

Format: Presented in the Statutory Format

Prints: Smart-looking

Designed: By practitioners instructing software programmers, not the other way round

Price: Affordable

The Practitioner’s ETB

“What if? Edit the SINGLE amount for - Stock - Dividend - Tax Provision - Accruals - Prepayments - Depreciation to instantly see revised Profit (Loss)

Great for testing Gross Profit %

Can see the effect of provisions

Client has a change = No Panic

Financial statements are ready for signatures and your budgeted time is used up

Client then announces: “The stock is partly flood-damaged. Its value is half that shown in the accounts.”

Q: How to manage with a keenly priced fee?

Q: Do you panic? Make several journal adjustments, some of which go in the wrong direction because you are under pressure?

On InPractice ETB, just edit the stock amount

Re-print revised financial statements in minutes!

Final meeting with client

Review/Print draft financial statements

Discuss them with the client who asks: “What if we changed dividend to £10,000 instead?”

“What if Bad Debt Provision is £5,000 instead?” Use the unique feature of the InPractice ETB = edit the single amount for: • Stock • Dividend • Bad Debts Provision • Depreciation • Tax Provision • Prepayments • Accruals

to instantly re-print revised financial statements

Obtain client’s signatures on Balance Sheet

Issue fee invoice, bank the fees and move on to the next client’s accounts

Instant Extras

Lead Schedules for working papers file

Ratios to give to client (& Analytical Review)

Graphs to give to client

Abbreviated Accounts for Companies House

Memo list for queries & outstanding items

Lead schedule think of time saved!

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Features (1 of 3)

Print the Closing Trial Balance

Tick box: exclude any ‘Note to Accounts’

Automatic re-numbering of ‘Notes to Accounts’ to the Balance Sheet

Fits up to 99 million: 99,999,999.99

Auto error-check diagnostics

“How to use” = user-manual with buttons to take you the cell in ETB

Unlimited technical support by email (rare since the software is so easy-to-use)

Features (2 of 3)

“0 0” rows of ETB do not print if “0” this year, “0” in comparatives, programmed so that the line does not print ‘Notes to Accounts’ squeeze up to exclude blank lines Amend/Edit your input data at any time Any one currency £, $, Euro, R, Password prevents unauthorised access Locked-out cells avoids data damage Can edit ledger A/C titles (Chart of Accounts) Unlimited number of clients of licensee Unlimited number of firm’s computers

Features (3 of 3)

SME layout with Reduced Disclosure

Notes to Accounts text can be edited

Aerial font for print = smart appearance

Trading A/C suppressed if Service Co

Fixed Assets Note suppressed if no Fixed Assets

Comparatives suppressed in the 1st year

Option of “Draft: DD-MM-YY” stamp on sheets to keep track of which draft version

Testimonials

“It takes me less than half a day to produce Small Ltd Co financial statements with InPractice ETB Accounts software" - Alan Deighan, Deighan & Co, Ilford, Essex, UK

“This software is simple to use and is up to date. It is reliable. I wish I knew about it before I committed to that other one. - Charles Lambert & Co, London

“This software saves me a lot of time. I like it. - R Mitchell, R Mitchell & Co

“I have always used the manual Extended Trial Balance and I am not into I.T. all that much; this software was easy to use and I got familiarised very quickly.” - Michael Cox, Cox & Co

“This software has made our work-life much easier.” - Banner & Assoc

“We use it all the time, it is great!” - Anderson Moledina

Decision to buy

Easy to use ... I like simplicity in life

Affordable ... It will not break my bank

A time saver ... I am too busy at work

Removes hassles ... I am stressed out

Enables me to leave work on time ... Yippy!

Your competitors might NOT tell you about “InPractice ETB Final Accounts” because they may not want you to be more profitable!

Buy it annually

Sold a year at a time, Buy the year you require

All dates end in the year you order for: 20XX version = all dates end in 20XX 20YY version = all dates ending in 20YY

Next year, you buy next year’s version upgraded for all the necessary changes

Upgraded on an on-going basis for - legislative changes - discovery of more efficient work methods - user suggestions

Ordering & Delivery

Online order form on www.InPracticeSoftware.com

Payment by plastic card – secure WorldPay

Or by bank transfer, you choose

An email arrives with a link to click on for an instantaneous download over the Internet (no waiting for days for the post to arrive)