This is a fast way to enter account codes. Other than the account code and name the only parameter, on a non-currency system, you can change is the P/B indicator. However, most other parameters are exceptions anyway, so you can use the next option above to change those afterwards.
You need to enter an account code, the account name, and whether it is a profit and loss account (P) or balance sheet account (B) in the final column. If the account exists already, then the account name is displayed for you to alter. If the account is new, then you must enter an account name.
Cost Centre Structure– If using a cost centre structure then you must create the header accounts first, i.e. if you wish to create an account 001-01 where 001 is the nominal code and 01 is the cost centre then the ‘header’ account 001 must be created first.
Currency Code – The essence of the nominal ledger is that all transactions are converted to base currency values, but details are also held in the foreign currency for foreign currency nominal accounts. Each account on the nominal ledger should have a currency allocated to it. In the absence of a currency code then the base currency is assumed.
Notes
The account is immediately written to the file index at the time you complete each line. If you add an incorrect account number, then you must use the delete option below to remove it.You can enter or amend up to 15 accounts on each screen. Once a screen is full you are presented with a new blank screen on which to continue.<Enter> at a blank account code returns you to the Maintain Chart of Accounts menu.
If you key <Escape> whilst typing an account name or the PB indicator, the cursor returns to the account code column without entering or changing that account. A second <Escape>, with the cursor in the account code column, returns you to the Maintain Chart of Accounts menu.
Article ID: 993
Created On: Wed, Jun 27, 2012 at 11:40 AM
Last Updated On: Mon, Jun 19, 2023 at 7:30 PM
Online URL: https://kb.datafile.co.uk/article/names-â€-new-amend-account-names-nominal-993.html