About the Ledger Enquiry

Nominal accounts are used to record the financial transactions involved in the running of your practice, such as fee earner travel expenses, wages/salaries, rent/rates, partners drawings, training courses for staff, subscriptions, etc. They record any incomings and outgoings that affect the firm's profitability and balance sheet. The Ledger Enquiry screen allows you to view these nominal transactions categorised by the appropriate header and account, e.g. 201/001 (Wages & Salaries/Staff Salaries). Administrators can create these headers and accounts in Accounts Maintenance, under Chart of Accounts.