T1 SMALL BUSINESS ACCOUNTING MODEL
FREQUENTLY
ASKED QUESTIONS
Q. If I register for VAT at a later date, can T1 accommodate this?
A.
Yes, your business start date is fixed during Setup and cannot be changed but
your VAT start date can be added at a later date if required
Q. Can I unprotect T1?
A.
T1 cannot be unprotected but you can generate an unprotected cut-down version
of the model using the Generate Accountants Workbook button in the PayRecs
sheet
Q. How can T1 contain so many records and yet continue to calculate
efficiently?
A.
T1 has been optimised to reduce the number of calculations. As records are
processed, formulas are calculated and resultant values are entered into
tables.
Q. How is data input validated?
A.
When you click the button to submit a record, T1 validates the information
you’ve entered. If the information contains known errors (i.e. invalid dates,
invalid amounts, missing information etc) you will be asked to correct the
information before re-submitting the record.
Q. Will T1 open on Android?
A. An unlocked,
macro-free cut-down version of the T1 model can be opened and viewed in the
Android version of Excel. This can be created from the Generate Accountants
Workbook button in the PayRecs sheet. You will not be able to run any programs
in this version of the model
Q. Can I include my own reports and calculations?
A.
Yes, spare unlocked sheets are provided in the model and can be used as needed
Q. Can I create my own Transaction Types?
A.
Yes, additional Transaction Types can be added in the Setup Sheet
Q. Can I print reports and tables?
A.
Yes, all reports and tables can be printed