Question: What is the difference between a General Ledger and a Nominal Ledger


S

Sam

Hello,

My accountant has asked that I generate a Nominal Ledger report. I use
Quickbooks Pro 2003 for my account. The nearest option given is the General
Ledger report. Will this report be good enough for my accountant's
requirements?

Any help on this matter would be greatly appreciated!

Sam.
 
D

David Floyd

Hello,

My accountant has asked that I generate a Nominal Ledger report. I use
Quickbooks Pro 2003 for my account. The nearest option given is the General
Ledger report. Will this report be good enough for my accountant's
requirements?
Why don't you ask your accountant?

DF
 
D

Dave

Hello,

My accountant has asked that I generate a Nominal Ledger report. I use
Quickbooks Pro 2003 for my account. The nearest option given is the General
Ledger report. Will this report be good enough for my accountant's
requirements?

Any help on this matter would be greatly appreciated!

Sam.
It's basically the same thing.

Like the Americans have Payable & Receivable ledgers, we have Creditors
and Debtors. Their Inventory is our Stock Control.

Print one off and ask your accountant. We don't know what he's thinking!

Dave
 
P

Peter Saxton

Hello,

My accountant has asked that I generate a Nominal Ledger report. I use
Quickbooks Pro 2003 for my account. The nearest option given is the General
Ledger report. Will this report be good enough for my accountant's
requirements?

Any help on this matter would be greatly appreciated!

Sam.
It was Nominal Ledger in the UK and General Ledger in the USA but it's
pretty changeable now. I would think what they want is a report for
the year which shows all the transactions by account code - this can
be produced using the General Ledger report.

It's very inefficient compared to giving them the data file to look
at. Can't they buy QuickBooks?
 
J

Jonathan Bryce

Sam said:
Hello,

My accountant has asked that I generate a Nominal Ledger report. I use
Quickbooks Pro 2003 for my account. The nearest option given is the
General
Ledger report. Will this report be good enough for my accountant's
requirements?
General Ledger is Nominal Ledger translated into American. That is what he
is looking for.
 
J

Jeremy Westhead

much the same. rather like -

trade creditors - amounts payable
trade debtors - amounts receivable

contract debtor accounting = finance debtor accounting = finance asset
accounting
 

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