N/C*
| The nominal code for the nominal record. |
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Inactive | To prevent any further activity on the account, and if required, exclude this customer from the Nominal codes window and selection lists, select this check box. Read more > |
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Name | The name of the nominal record. |
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SOFA Category | Charities only - The SOFA category associated with the nominal code. Read more > TIP: This feature is not available in Sage 50 Accounts Essentials. If you'd like to upgrade, leave your details and we'll be in touch. |
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Balance | The current balance on the account. This updates every time you enter a transaction for the nominal code. |
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Account Type | The type of nominal record you are working with: - Nominal Account - A standard nominal account used to record financial activity
- Control Account - Part of the core set of accounts needed for accountancy purposes. Read more >
- Bank Account - This record is both a bank account and nominal account
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Month | Accounting periods, broken down into: - B/F - The balance on the account brought forward from the previous year
- The 12 months of the current financial year
- Future - The value of transactions relating to your next financial year
- Total - The total of all accounting periods
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Actuals | The total of all the transactions posted to the nominal account during each period. |
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Budgets | The budget for the nominal account. This only appears when your software is set to use Standard budgeting. Read more > |
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Prior Year | The balances for the nominal account from the previous year. This only appears when your software is set to use Standard budgeting. |
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