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Introduction
Forbes Accounts is a powerful, yet simple to use final accounts production system for accountants.
It integrates closely with other Forbes products such as Time Recording, Payroll, Company Secretarial and Tax.
The system is based on a model/view architecture.
The underlying data (codelist, schedules of transacations) referred to as the "model" is kept separate from the final output, known as the "view".
The underlying data is entered through powerful and easy to use data schedules.
Alternatively there is full two way interaction with excel.
It is then formatted using one of a number of templates to produce the final accounts.
Key Features:
Final accounts for sole traders, partnerships and limited companies
XBRL enabled from the outset (see below for more detail)
A range of data entry options using data schedules and excel
Fully drillable working papers, giving access directly to schedules
Format based system - global changes made easily using simple formatter
Adjustment journals automatically cascaded through the financial statements
Pages and notes automatically inserted
Import from bookkeeping packages and excel
Unlimited clients
Easy to use - produces statutory accounts in minutes
XBRL (eXtensible Business Reporting Language)
This is computer format that Companies House and the HMRC will be using for standardising the transmission of electronic sets of accounts.
It effectively standardises the information that is required and how it will be presented.
Forbes Accounts is the only Accounts preparation package to be designed to specifically support this format that will become essential in the future.
Lord Carter is at present reviewing the HMRC online services. We believe it is likely that, as he did for payroll filing, he will recommend further cash incentives.
Click here to see Limited Company XBRL abbreviated accounts prepared for viewing.
Click here to see the underlying data that is transmitted.
Probably the best place to get started is to have a read through the manual via the following link
Manual - chapter 9
Other Accounting Systems
If you do not want to change accounting systems our "FileDirect" version of the accounts software at just £95+VAT per annum will take a TB from your existing accounts system and produce XBRL accounts for filing.
Sample Printouts
Sole trader - full accounts
Sole trader - income and expenses
Partnership Accounts
Limited Company Accounts
Limited Company XBRL abbreviated accounts
Demonstration version and Pricing
Forbes Accounts is priced at £335 + VAT per annum.
Forbes Accounts - File Direct is priced at £95 + VAT per annum.
Click here to download a demo version.
Depending on what Forbes software you already have installed you may need to install the following also.
Click here to install Forbes forms.
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