Nominal accounts are fundamental to the successful management of your finances. The value of every transaction entered into Sage 200cloud is posted to a nominal account. and this is where the revenue and expenditure of your
When you first set up Sage 200cloud, you will have created the majority of your nominal accounts as part of the configuration process. However as your can create additional accounts as required.
Each nominal account has the following elements:
Process for setting up nominal accounts
How to create your nominal accounts
Individually create and maintain nominal accounts.
Use this when you only need a single, or very few, nominal accounts, or when you want to add budgets, attachments or memos to an existing account.
Generate nominal accounts.
Use this when you need to create nominal accounts linked to various existing cost centres and departments.
You select the cost centres and departments you need for a particular account code, and Sage 200cloud will create all the accounts with the required CC / Dept combinations.
Create nominal account for cost centres and departments.
Use this when you have a new cost centres or department and what to add it all existing nominal codes.
Import nominal accounts.
Use this when you need to add a large number of nominal accounts. You can import new accounts via a CSV file.
Note: You can't change an existing nominal account. You must have already created your report (and SOFA) categories, cost centres and departments.