What is a nominal code in Sage 50 Accounts?

What nominal codes are in Sage 50 Accounts, and how the software uses them.

When you enter transactions, Sage 50 Accounts assigns them to specific nominal codes. Each code represents different types of income, expenditure, assets and liabilities. These codes form the nominal ledger, also known as the general ledger.

Your nominal ledger is based on the business type you choose when you first set up your company in Sage 50 Accounts.

The nominal ledger is a list of records. The chart of accounts (COA) defines each nominal code's type, for example, sales or purchases. It also controls how the values on your nominal codes affect your Balance Sheet and Profit and Loss reports.

You can rename or create new nominal codes as you need. Just check that they're in the correct category of the chart of accounts.

View your nominal codes

• Go to Nominal codes then select the List radio button

   

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