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Add nominal accounts to the chart of accounts

The advanced nominal ledger setup, often called Chart of Accounts setup is commonly used to enable larger organisation divisions and departments to control nominal codes, in a more functional manner.

Create nominal codes

Create a nominal code and add it to the chart of accounts:

  1. Click Financials then select Settings.

  2. Select Categories then select the relevant category.

  3. Click Edit then click Insert New Record.

  4. Complete the relevant fields then click Save.

You can create codes that are reused across multiple records.

Apply new categories to the chart of accounts

  1. Click Financials then select Chart of Accounts.
    ​Note: The Chart of Accounts screen opens in View Mode with all the nominal accounts collapsed.

  2. Set the screen into Build Mode by moving the toggle button at the top of the screen to the right.

  3. Click the relevant category listed above the Select All column on the left-hand side of the screen.

  4. Select the check box in front of the newly added category.

  5. Select the checkbox for the level you want to add the new category to.

  6. Click Add to move your category from the left panel to the right-hand side.

  7. Click Build at the bottom of the screen, populate the Specify Default Accounts, then click Save.

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