What is a nominal code?

From Catalyst
Revision as of 12:16, 21 December 2018 by ThrashBot (talk | contribs) (Bulk update)
Jump to: navigation, search

Summary

This article explains the purpose of Nominal Ledger codes.

More Information

Nominal Ledger Codes make up the detail of your Nominal Ledger. The purpose of your Nominal Ledger is to provide you with management accounts to control your business and plot your way forward.

Your management accounts are made up of the Balance Sheet and the Profit & Loss, and the Nominal Codes are the constituents of these reports.

Bank Account, Debtors, Creditors, Sales, Purchases, Rent, Wages.

See also


Feedback
Thank you for using our Knowledge Base, we value your feedback. Did you find this article useful? 'Yes' or 'No'
Keywords AND Misspellings
cost centre, nominal code, centre, search
Tags

GR53