Home » Categories » Solutions by Business Process » Finance » Nominal and Cashbook

Maintain Accounts - Nominal

Datafile Software

Maintain Accounts - Nominal


You use this part of the program to add, amend, view and delete nominal ledger accounts. You also use it to enter the values for budget and comparative items for periods and year, if these options are configured for this company’s nominal ledger.

A chart of accounts is simply a list of the nominal ledger accounts, with a carefully-designed structure so that the various types of account fall into specified ranges. For example, it is helpful to define codes so that consecutive series of nominal accounts define a range of income accounts, a range of expense accounts, a range of current asset accounts, and a range of current liability accounts and so on. See the discussion about code structures in the Introduction chapter above.

You are recommended to review your chart of accounts and its structure with your accountant before you start to add any accounts. This will ensure that management reports provide the information required for audit purposes.

Notes

The first and second options of this menu have similar purposes — to add or amend accounts. When you first set up the ledger, you may find the first option NAMES much quicker for getting all the account names into the system. You can then use the second option on those accounts which need to have more information, such as those which are cash (bank) accounts or ones where you wish to apply factored budgets.

Custom Fields
  • Release ID: Standard
Attachments Attachments
There are no attachments for this article.
Related Articles RSS Feed
Report Account Status - Nominal
Viewed 1599 times since Wed, Jun 27, 2012
Financial Summaries – Account Selection Display
Viewed 985 times since Wed, Jun 13, 2012
Bank/Cash Statement - Cashbook
Viewed 1654 times since Wed, Jun 27, 2012
Ledger Enquiry Manager - Nominal
Viewed 1695 times since Wed, Jun 27, 2012
Memo Facility Configuration - Nominal
Viewed 1703 times since Wed, Jun 27, 2012
Sales Allocations, Purchase Allocations - Cashbook
Viewed 1753 times since Wed, Jun 27, 2012
List of Accounts - Cashbook
Viewed 1590 times since Wed, Jun 27, 2012
Nom/CB Accounts File – Full Screen Design (Premier only) - Cashbook
Viewed 1044 times since Thu, Jun 28, 2012
Year End Procedures - Nominal
Viewed 1800 times since Wed, Jun 27, 2012
Names - Cashbook
Viewed 1814 times since Wed, Jun 27, 2012