Can quickfile list the business types available?

[MEW]

Dear Glenn.
I’ve already been using Quickfile for a while, but recently noticed that under my company settings my business type is set-up as a 'Partnership/Non-Limited Charity. The ‘Partnership’ bit is correct but our company is not a ‘Non-Limited Charity’. Can you therefore list the business types available to help me clarify whether or not my business type setting is correct. Although I know that the business type can’t be changed after set-up, I am aware that the business type, once chosen, affects the list of nominal accounts available for use.

[Parker1090]

If you are a partnership, then ‘Partnership/Non-limited charity’ would be correct. It just means it’s applicable for both types

[Glenn]

One only have 3 business types:

• Limited Company
• Sole Trader
• Partnership

For charities they are either incorporated and listed as a Limited Company or unincorporated and listed as a partnership. To be quite honest there are only minor differences between the company types in QuickFile, mostly related to the available nominal codes. The fundamentals of bookkeeping are similar in all cases.

[MEW]

Great! Thank you Glenn and Parker 1090 for your succinct replies and for clarifying this. At least I now know that I have set-up my business type correctly. I’m sure your list, Glenn, will help to assure alot of other QuickFile users that they have the correct business type set-up.