Chart of Accounts Setup

Create a new nominal code

A nominal code, also known as a nominal ledger code, is a specific code used in accounting to categorise different types of income and expenditure within a business's financial records.

Caroline Buckland
Updated by Caroline Buckland

Create management and analysis codes

The management or analysis code are used to provide additional analysis for selected nominals.

Caroline Buckland
Updated by Caroline Buckland

Creating and Amending Nominal and Management code relationships

Relationships between the nominal and management codes should be defined.  A manual setting would require a list of valid management codes to be set up in the Chart of Accounts.

Caroline Buckland
Updated by Caroline Buckland

Create a new GL Structure Element

The main purpose of the structures facility within the General Ledger is to allow Balance Sheet and Profit and Loss enquiries to be carried out for divisions of a company, rather than for the company as a whole. This article explains the amend and creation of a new Element.

Caroline Buckland
Updated by Caroline Buckland

Contact