Updating the Nominal Straight Away

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Summary

There are 3 possible ways to update the nominal.

Both 'Condensed' and 'Expanded' have to be started by the user - so the nominal (Profit & Loss, Balance Sheet etc) will not contain the Sales and Purchase figures until the update has been made to happen manually. The third method is 'Straight Away' which updates the nominal with the Sales and Purchase values at the time of the Sales or Purchase Transaction.

More Information

Changing from 'Condensed' and 'Expanded' updates to 'Straight Away'.

Make sure you are fully aware of the implications of changing this before you do.
  • 'Expanded' and 'Straight Away' produce the same results, each Sales and Purchase transaction is broken down into individual nominal journals.
    • 'Expanded' is the software default.
  • 'Condensed' will combine all the nominal journals together into one single posting. This method is NOT advised for the average set up as it makes any errors in the journal almost impossible to find and nothing is fully audited.

Go to " Reports & Parameters Maintenance Options System Administrator System Parameters Page 1".

  • Change "Nominal Update Style" to 'S'.
  • Pressing <Esc> will save any changes.


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Keywords AND Misspellings
updating nominal ledger