How do I create a nominal code?

Summary

The following article explains how to set-up a new Nominal Centre.

Get into "Nominal Ledger" -> "Maintenance Options" -> "Centre Maintenance" -> "Insert/Amend/Delete Centres"

First of all, perform a search to check that the code you wish to create does not already exist.
Locate a suitable section within your Nominal Structure for your new code.
Click <Add>
In the Code Box, type in the new Nominal Code you require and press <Enter>
Type in a suitable description.
Choose whether the code is a Balance Sheet or Profit & Loss Centre and indicate the relevant flag as necessary.
If this centre is to be reconciled (eg, it's a bank account or any other centre that needs to be reconciled through the Bank Reconciliation) then place a tick in the "Reconciled?" box.
Choose <Done> and <Accept>

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Keywords AND Misspellings

Reconcile, Nominal, Centre