Skip to content
logo Knowledgebase

Chart of Accounts - Identify and correct errors in your chart of accounts

Created on  | Last modified on 

Summary

This article helps you check and deal with any errors within your chart of accounts in Sage 50cloud Accounts.

Description

 Help us drive improvements. If you find this article useful, you can let us know now >



In Sage 50cloud Accounts the chart of accounts layout is used when generating management reports such as the profit and loss and balance sheet. It's also used during the year end process to define which nominal account balances are cleared. Therefore, to ensure that your reports are accurate and the correct year end balances are cleared, it's important that your chart of accounts is free of errors.

To check this, you can run the Check option. This checks for issues such as missing or duplicate nominal codes in your chart of accounts. If any errors are identified, you can correct them by editing your chart of accounts.

Resolution

Check the chart of accounts for errors

  1. Select the Chart of Accounts you want to check and click Edit.
  2. Click Check.
    • If no errors are found, we recommend you run Check Data >
    • If errors are found, to preview the errors, click Run.
  3. Please refer to the section Chart of Accounts errors to fix any errors.
  4. Click Close then click Close.

Chart of Accounts errors

There are several solutions available, depending on the errors that appear on the Chart of Accounts Errors report.

Error  Guide
One of the following ranges is enclosed within the other range Read more >
The following ranges overlap onto each other Read more >
Nominal Code xxxx not represented in chart Read more >
Nominal Code xxxx has been used as part of one "floating" category range, but not as part of the equivalent "floating" category in Current Assets / Current Liabilities Read more >

Sage Intacct

Sage Intacct is designed for companies that have more complex requirements. To learn more about how Sage Intacct can benefit your growing business visit our dedicated web page.

Read more >


Image