Creating a New Nominal Ledger 

1. Go to 'Accounts'
2. Select 'Nominal Ledger'

1. Click 'Add'

1. Enter Reference
2. Select Branch
3. Enter Description

1. Select Nominal Range 
2. Select Department if applicable

 

The Nominal Range selected will determine how the ledger is affected when the Year End is run.  If a Profit & Loss Range is chosen, the ledger will clear down at year end; if a Balance Sheet or Capital Accounts Range is selected, the ledger balance will be carried forward.

1. Select Default Bank
2. Select Year 

1. Tick the' VAT Liable' Box if any entries made on the Nominal Ledger will have a VAT element

1. Click 'Save'

Adding a Budget to a Nominal Ledger 

1. Go to 'Accounts'
2. Select 'Nominal Ledger'

1. Look up the Nominal Ledger using the 'Nominal Lookup'

1. Select 'Budget Tab'

1. Click 'Add'

1. Enter the monthly budget amount manually in each period

1. Click 'Save' when all details have been entered

Once budget figures have been added to Nominal Ledgers, they will be available on Nominal reports.