Nominal Code Management

A nominal code, also known as an account code or general ledger code, is a distinctive identifier assigned to each account in a company's chart of accounts. This structured list categorises financial transactions and enables organisations to systematically record and track various types of income, expenses, assets, liabilities, and equity. Nominal codes play a pivotal role in maintaining organised financial records, aiding in the preparation of financial statements, and ensuring adherence to accounting standards. The structure and numbering of nominal codes vary between companies, providing a standardised way to classify and analyse financial activities.

Locating nominal codes in your Accounting Package.

Xero

  • Xero > Settings > Chart of Accounts > Locate the nominal code you want > Copy the code in column.

Sage 50cloud Accounts

  • Sage 50cloud Accounts > Chart of accounts > Find the appropriate account > Copy the code (4 digit number) in Account Name.

Sage Business Cloud Accounting

  • Sage Business Cloud Accounting > Banking > Click on the required Bank Account > Locate the URL on your browser > Copy the number at the end.
  • Sage Business Cloud Accounting > Settings > Chart of Accounts > Find the appropriate account > Left-click the code a pop-up box appears > Copy the code under Nominal Code.

  • Follow the steps below or click here to watch a video.

Sage 200 Web Portal

  • Sage 200 Web Portal > Nominal > Nominal List > Find the appropriate account > Note the number under 'Code'. 

QuickBooks Online

  • QuickBooks Online > Chart of Accounts > Find the appropriate account > Click the nominal code > Open the edit screen > The Code you need to find is listed under the box labelled 'Name'. Make a note of this.

FreeAgent

  • FreeAgent > Settings > Accounting Categories > Find the appropriate account > Make a note of the number in the Code column.

Kashflow

  • System settings > General Settings > Nominal Accounts > Find the appropriate account > Make a note of the number in the Code column.

Adding a New nominal codes

  • Commusoft > Profile icon > Settings > Finance > Nominal Codes > Add a nominal code > Choose Account Type > Enter Description > Enter the Code from package

Linking Existing nominal codes

  • Commusoft > Profile icon > Settings > Finance > Nominal Codes > Edit next to the Nominal Code > Choose Account Type > Enter Description > Enter the Code from package

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