Charging for Quick File - Ledger Entry

[QFMathew]

Hi @ls999

A. In simple terms, it’s anything that affects your profit and loss or balance sheet. The below is taken from our knowledge base:

@Glenn

The ledger items form the backbone of your accounting records, they are identifiable from your Chart of Accounts report and are typically created from things like invoices, purchases, journals, bank entries etc. Any one of these items can create multiple ledger entries often posted in balancing pairs to two different nominal ledgers.

B. No. Estimates aren’t included in this count.

C. As above, typically anything that affects profit and loss, or balance sheet will count. This includes bank transactions, invoices (both sales and purchases), journals and payments.