Solution Properties
Solution ID:
200427112331794
Last Modified Date:
Wed Oct 14 12:37:15 UTC 2026
Taxonomy Path:
Case category//How do I...//processing
Author:
[email protected]
Create a nominal code
Description

Nominal codes track different types of income and expenses in your business. For example, bank charges, fuel, or sales. The chart of accounts groups the nominal codes together into sections that make up your Balance sheet or Profit & Loss.  

Most businesses can use the standard nominal codes. If you need extra codes, simply create or import them, then add them to the right area of your chart of accounts.

NOTE:

Bank accounts are also nominal codes, but the steps to create a new bank record are different.  

Cause
Resolution

Create a new nominal code

  1. Go to Nominal codes then select New.

    TIP:

    To specify a nominal code category, use the nominal codes wizard option.

  2. In N/C, enter the new nominal code.

    If you get the message, 'This nominal code is outside the range of the chart of accounts...', ensure it's in the correct area of your chart of accounts.

  3. In Name, enter the name of the new nominal code.
  4. Select the appropriate Income Tax Category if using v34 or above.
  5. Press Save then Close.

Import a nominal code

To save time, import your nominal codes from an Excel spreadsheet or CSV file.  

Steps to duplicate
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