Nominal (General) Ledger


Overview

The Nominal Ledger procedures pertain to the maintenance and viewing of the standard features expected from a General Ledger. The Nominal Ledger (GL) is the core of ITAS along with the support codes needed by all the ITAS subsystems. This ledger consists of 2 sections (Balance Sheet, P&L) which when specific control accounts are nominated, enables the ITAS system for successful operation. NOM is the maintenance procedure, where individual accounts are setup, nominated for type of use e.g. bank, fixed asset and where the balance sheet presentation layout is specified. NOM is used to provide alternate trial balance presentations for local regulatory reports, the accounts can be grouped and the account titles shown in whatever style/language you require. A feature of NOM is the provision of maintaining alternative language descriptions, so that BAL, PLR and NLIST can be requested to show the alternative descriptions. This is useful for where some reports need to be shown in local language e.g. for auditors.
NOM is also used to maintain budget values (Account/Department/Month level) and BUDGET, PLR will report budgets versus actuals/forecasts.

Contents of Nominal (General) Ledger

  • NOM - Nominal Ledger Account Maintenance

    What is NOM is the Nominal/ General ledger maintenance program. All Nominal/ General Ledger account creation, amendment and renumbering is actioned in NOM. The Nominal/ General Ledger holds accounts that are permanent in nature (e.g. ...

  • NAQ - Nominal Ledger Account Enquiry

    What is NAQ NAQ is the Nominal/ General Ledger account enquiry program. It is used for viewing/ drilling down into all transactions that are posted to a Nominal/ General Ledger account. There are two levels ...

  • NLIST - Nominal Ledger Transactions Report

    What is NLIST NLIST is the Nominal/General Ledger transactional reporting tool. It provides various reports needed to support drill-down from the Balance Sheet (BAL) and the Profit and Loss Report (PLR), which are account summary ...

  • BAL - Balance Sheet

    What is BAL BAL is the report used for all ITAS designed balance sheets, whether the standard styles or those that have been specially designed by users in NOM. The standard reports illustrate the grouping ...

  • PLR - Profit and Loss Report

    What is PLR PLR is the procedure that is used for the standard ITAS designed profit and loss reports. These reports are produced using the grouping criteria of the Nominal Ledger with their posted values. ...

  • NRA_EC - View/Amend VAT Turnover

    What is NRA_EC NRA_EC is the data maintenance program for VAT/GST Turnover records and EC Statistical records. Narrative for the various reports (VTR, INTRAS, ECSALE) may need modifying after their entry into the ledgers and ...

  • VTR - VAT/GST Monthly Reporting

    What is VTR VTR is the basis report for completing the period-end VAT/GST return. The details for VTR are retrieved from the accounting transactions of the nominated VAT accounts, home or foreign. DOCENT/INVOICING etc will ...

  • ECSALE - EC Sales List

    What is ECSALE This report is one of the standard regulatory requirements for cross border trading within the EC. The listing is a simple consolidation of EC statistics that have been collected during Sales Invoicing, ...

  • INTRAS - Intra EC Statistics

    What is INTRAS This report is one of the standard regulatory requirements for cross border trading within the EC. There are several report styles, all are simple presentations of EC statistics that have been collected ...

  • BUDGET - Budget Report

    What is BUDGET There are 4 report styles; 1) a simple report comparing the budget values that are maintained in NOM, with their accounting values for a single month. Only accounts with budget information setup ...

  • MATN - Nominal Ledger Transaction Matching

    What is MATN MATN can be used for reconciling any account/currency combination where a suspense accrual was posted and it needs to be matched with the incoming invoice using their accounting values for the match/marking. ...

  • MXDIOT - Mexico VAT Administration

    In mexico, legal Entities and people that deal with Vendors must submit monthly 'Declaracion Informativa de Operaciones con Terceros' (DIOT). MXDIOT is the administration tool that enables privileged users to view/amend the VAT data that ...

  • MXDIOTREP - DIOT Reporting

    This is simple report(s) for the monthly 'Declaracion Informativa de Operaciones con Terceros' (DIOT).

  • FISCAL - Detail List of Posted Transactions (Italy regulation)

    FISCAL -

  • OVHDIST - Over-Heads Distribution