How To: Create Nominal Accounts

This page explains how to set up nominal codes.
  1. Open an Accounts screen (show me how).
  2. Open the [ Accounts | Nominal Accounts | Nominal Accounts ] tab.
  3. Press Alt+E or click the green triangle icon is the buttonbar's EDIT button to enter edit mode.
  4. Press F3 or click the NEW ITEM button has an icon that shows two sheets of paper (identified by having the top right corner folded down), arranged diagonally on the icon from top left to bottom right to add a new item.
  5. In the Code column enter the Nominal Code.
  6. In the Description add a Description.
  7. In the System Type column press F4 and from the options select the System Type, also see the Glossary for more .
  8. In the Account Type column press F4 and from the options select the Account Type.
  9. Press Ctrl+S or click the disk icon is the button bar's SAVE button to save changes.

Notes:

  • If the nominal account is not of System Type 'Sale' or 'Bank Control Account' (see Bank Accounts), no further steps are required.
  • For nominals that are not sale or purchase nominals, the Account Type is normally set to 'Company'
  • For Bank Accounts see How To: Create a New Bank Account for creating and mapping a bank account.
  • For mapping sales nominals see How To: Create Sales Nominal Accounts for UK, EU and WW Sales and How To: Create a Sales Nominal Account for a Stock Item.
  • The nominal account hierarchy determines the order that the system will go through when deciding which nominal to use when posting a sale or purchase.
  • The system will warn the user when saving a new entry if a duplicate nominal code has been created. The user can acknowledge the warning and continue or change the code used before saving again.
  • If the option Post header totals only (Sales) is enabled in [ System Values | Accounts | General | General ] then manufacturer / stock type / stock item nominal mappings cannot be used.
  • You cannot have duplicate nominal codes.
    Note : If you have duplicate nominal codes before upgrading to a version that does not allow duplicate codes then if you go into edit mode and try to save then a warning will appear and you will not be able to save.

See Also


Did you find this article helpful?