Nominal records are essential for recording all of the financial aspects of your business so you know where your money is, where it comes from and where it's going. This means each financial area of your business you want to monitor should have a separate nominal account.
Each nominal record needs a unique reference code. These codes need careful planning as they can't be changed once you post transactions to them.
TIP: For help creating a nominal code, take a look at our quick guide.
Each nominal record holds the following information:
Details tab
Shows nominal record details such as nominal code, name and balance, plus monthly values.
TIP: For help creating a nominal code, take a look at