How do I create a nominal group?

Summary

You can group Nominal Ledger codes together to allow several nominal codes to be totalled.

Nominal Codes may need to be grouped together for composite reporting.

Sub-Totals can be obtained for groups of Nominal Codes e.g to obtain a subtotal for Land & Buildings Codes within the Fixed Asset Total on the Balance Sheet.

This is a two stage process and this article explains the first step - creating the code for the Nominal Ledger group. See here for Step 2 to assign a Group and/or Division Code to a Nominal Code.

More Information

Go to " Reports & Settings Maintenance Options System Administrator Module Settings Nominal Ledger Add or Edit Nominal Groups".

• Choose [Add].
• Enter a code for the required group and press <Enter>.
• Enter a description for the group. The description is limited in length, so you may have to abbreviate this.

To group your administration overheads, enter 'AD' as your group code with a Description of Admin Costs.

• Click [Done] and [Accept] to save the created group.

Division Codes

You may also create Division codes which also allow you to group similar codes together e.g. to indicate all overhead costs for one site.

Go to " Reports & Settings Maintenance Options System Administrator Module Settings Nominal Ledger Add or Edit Nominal Division".

• Select 1, 2, 3 or 4.
• Choose [Add].
• Enter a single character.
• Enter a "Description" for the division.
• click [Done] and [Accept] to save the new code.

See also

• What is a nominal code?
• How do I Apply a Nominal Group to a Nominal Centre?

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Keywords AND Misspellings

nominal, group, create, division code

Tags

GR53