Q1: It warns me that I should use Cash Book Journals when I post
transactions to the VAT Nominal Code using the Standard
Journals program. If I continue, will these amounts still be
included in the VAT Return?
A: No, as warned you should use the Cash Book Journals program for
any nominal ledger journals that include a VAT posting. Postings to the
VAT nominal code made through Standard Journals are not included in
the Vat Return calculation, it only selects VAT transactions posted
using Cash Book Journals.
Q2: I'm not sure which entry in a nominal journal posting is a credit
and which is the debit.
A: This depends on whether the nominal accounts being posted to are
Debit or Credit accounts, and also the effect you want the journal to
have on the balance of the nominal codes involved. There is a help
topic on this.
Q3: I have an error message warning that the nominal ledger is out of
balance.
A: Power-Gx operates double-entry booking-keeping. All postings in the
nominal ledger need dual entries, i.e. a debit and a credit posting so
that the control total is always zero. If your cumulative year to date
balance or month to date balance in the nominal ledger does not equal
zero, this indicates a serious data inconsistency, usually caused by
batches not being correctly updated to the ledger. You must contact
Calidore who will resolve this problem.
Q4: I have created a new nominal account code, will it automatically
be added to my Management Accounts reports?
A: No, you will need to choose where the new code fits into your
Management Accounts and amend the report yourself. On the
Management Accounts screen, the bottom window displays any
nominal account codes that are not included in the report. Instructions
on adding these to the report are given in the help topic below.