23 Nov General Ledger Summary Report
General Ledger Summary Report
Q – I have been using Peachtree for a long time and have decided not to switch to QuickBooks primarily because I really like the General Ledger Summary report that shows the beginning balance, total of activity, and ending balance without all the transactional detail. I cannot find a similar report in QuickBooks. Am I missing something?
A – Within QuickBooks alone there is not a report such as you describe. The only alternatives are the general ledger report that also shows the transactional detail, or the trial balance that shows only the balance as of the specific date. New with version 2004 is the adjusted trial balance report which will show the journal entries marked as adjusting entries in a separate column.
After struggling with this issue, we discussed the situation with FLEXquarter Solutions. Chuck Vigeant is a CPA turned developer who was very familiar with the Peachtree report and the needs of the Accountant. He has developed a report template that works with the QData Viewer. He has also agreed to offer this General Ledger Summary report for a limited time for free to those who purchase the QData Viewer. A sample of the report format is available.