How To: Apply a Sales Nominal to a Stock Item

Table Of Contents

Introduction
Sales Nominal Hierarchy
System Setting Limitation
Related Articles

Introduction

  • Sales nominals allow you to control how revenue from specific stock items is posted within your accounts.
    This can be particularly useful when selling products that need to be reported separately from standard sales, such as vouchers, gift cards or other special product lines.
    This article explains how to:
    1. Create a new Sales nominal account.
    2. Assign the Sales nominal to a stock item.

    Step 1: Create a Sales Nominal Account

    1. Open an Accounts screen (show me how).
    2. Open the [ Nominal Accounts | Nominal Accounts ] tab.
    3. Enter Edit Mode by pressing Alt + E or clicking Edit.
    4. Press F3 or click New to create a new nominal account.
    5. Enter the required Nominal Code in the Code column.
    6. Enter a meaningful description in the Description column.
    7. In the System Type column, press F4 and select Sales.
      For more information about nominal account types, see the Accounts Glossary.
    8. In the Account Type column, press F4 and select Stock Item.
    9. Press Ctrl + S or click Save.
    The Sales nominal account is now available for use.

    Step 2: Assign the Sales Nominal to a Stock Item

    Once the Sales nominal has been created, it must be linked to the relevant stock item.
    1. Open a Stock screen (show me how).
    2. Find and open the stock item you want to update.
    3. Open the [ Detail | Accounting ] tab.
    4. Enter Edit Mode by pressing Alt + E or clicking Edit.
    5. In the Nominal Code Setup section, select the Sales nominal you created from the SNominal drop-down list.
    6. Press Ctrl + S or click Save.
    The stock item will now use the selected Sales nominal when sales transactions are posted.

    Additional Information

    Sales Nominal Hierarchy

    Khaos Control uses a hierarchy to determine which Sales nominal account is used when posting transactions.
    For more information, see Sales Nominal Hierarchy.

    System Setting Limitation

    If Post header totals only (Sales) is enabled in [ System Values | Accounts | General | General ], manufacturer, stock type and stock item nominal mappings cannot be used.

    When Would You Use a Stock Item Sales Nominal?

    Typical examples include:
    • Vouchers or gift cards.
    • Products that require separate sales reporting.
    • Revenue streams that need to be posted to their own nominal account.
    • Stock items that should be tracked independently in management accounts.

See Also


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