| Control Account | Default code | Notes |
| Debtors Control | 1100 | Holds the total amount owed to you by your customers and updates every time you enter a sales transaction. At year end, the value in this account moves to Retained Earnings. |
| Creditors control | 2100 | Holds the total amount you owe to your suppliers and updates every time you record a purchase transaction. |
| Default Bank | 1200 | Selected by default when you post transactions that affect the bank. Normally the bank account you use most frequently. |
| VAT on Sales | 2200 | Records the VAT for sales transactions that affect the VAT Return. The balance of this account transfers to VAT Liability when you reconcile your return and use the VAT transfer wizard. |
| VAT on Purchases | 2201 | 2201 Records the VAT for purchase transactions that affect the VAT Return. The balance of this account transfers to VAT Liability when you reconcile your return and use the VAT transfer wizard. |
| Sales Discount | 4009 | Records the value of discounts you have given your customers. This value reduces your sales income and reduces your gross profit for the year. |
| Purchase Discount | 5009 | Records the value of discounts your suppliers have given you. This value reduces your purchase expenses and increases your gross profit for the year. |
| Retained Earnings | 3200 | This account updates at year end. The outstanding profit and loss values move to this account to record retained earnings and clear the profit and loss for the new year. |
| Default Sales | 4000 | The default nominal code for all sales transactions. |
| Accruals | 2109 | This account holds the amount set aside to pay an accrued expense. |
| Prepayments | 1103 | This account records the value of a prepayment |
| Bad Debts | 8100 | Holds the amount that you’ve written off as customer bad debt. This reduces the gross profit on your profit and loss report. |
| Mispostings | 9999 | Used for anomalies in your accounts. It’s updated automatically with any anomalies on data conversion. |
| Suspense | 9998 | Records the opposite value of any opening balances. After posting all opening balances, the value should be zero. |
| Credit Charges | 4400 | Records the value of any credit charges against your customers. |
| Exchange Rate Variance | 7906 | Tracks the difference in transaction values due to exchange rate changes between raising and paying an invoice. |
| VAT Liability | 2202 | This account holds the balance of the VAT on Sales and VAT on Purchase as transferred in at the end of your VAT period. The balance will either be the amount you owe HMRC or the amount they owe you. |
| Manual Adjustments | 2204 | Holds the value of the reconciled adjustments made to your last VAT Return. |
| CIS Tax Control | | Only available if you use the CIS module.
Records the value of tax from subcontractors' payments before the value posts to the CIS Return. |
| CIS Tax Liability | 2102 | Only available if you use the CIS module.
Records the value of tax deductions from subcontractors' payments after the value posts on the CIS Return. |