Introduction to the Nominal Ledger and Associa - Flipbook - Page 25
STEP 9
Account type – P – Profit & Loss account or B for Balance Sheet. It is imperative
that the correct account type is entered. A 8B9 type will roll forward at Year End; a
8P9 will be zeroed – the balance being transferred to the Revenue Reserve Account.
Cost centre analysis – For P&L accounts this field will default to cost centre analysed.
It is possible to have cost centre analysis for Balance Sheet accounts if the NL System
Parameter is set to allow this.
Normal balance sign – Enter 8+9 if the account normally has a debit balance, or 8–' for
a credit balance. This is for use with the graphing facility.
Posting/Display priority – This can be set from 0 to 8. Only users with the specified
priority will be able to view or post to the account.
VAT analysis – Additional analysis options – not normally used in the U.K.
Control account – Used to identify system control accounts:
S – Sales Ledger Control
P – Purchase Ledger Control
V – VAT Control
C – Vehicle Stock Book Control
Control a/c company – This field is only relevant if the account is set to be a control
account. Enter the SL/PL company number this account relates to.
Expense group – Expense codes can be grouped for the purpose of building account
codes. A look up facility exists to select the correct group. The groups are set up in
the Miscellaneous Menu.
Cost centre split – It is possible to select a cost centre split table, to allow postings to
this account to be split across a number of other accounts. The tables are set up in the
Miscellaneous Menu.
Accounting division – If divisionalised accounting is in use, the division will be
specified here. If not, the default, usually 00 will be displayed.
Contra expense code – A contra expense code may be quoted for use in Journal
Entries. Not normally used in the U.K.
Add/Modify Expense Codes
01.03.005.01 – pwise – 01/06/06
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