The Major Heading determines where a nominal account appears on the Trial Balance and whether it is a Balance Sheet or Profit and Loss account. An overview of major headings is in the Settings area of Financials. Accounts can only be updated individually.
Update the major heading code for Standard Accounts
Click Financials, then click Accounts.
Click the account you want to change, then click the Edit icon.
On the Details tab, find the Major Heading field and click the magnifying glass icon.
Select the required code and click Select.
If necessary, enter, amend, or remove the P&L Year End Code.
Click Save.
You can also change the Reporting Code on the Settings tab, just follow the same steps as above.
Chart of Accounts
To change the major heading code on a nominal account:
Click Financials, then click Chart of Accounts.
Drill down and select the nominal account you wish to work with.
Click View at the top of the screen and select View Record.
To the right of the Major Heading field, click the magnifying glass icon.
Select the required code and click Select.
If necessary, enter, amend, or remove the P&L Year End Code.
Click Save.
You can also change the Reporting Code on the Settings tab, just follow the same steps as above.