What is a nominal code?
From Catalyst
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
- How do I create a nominal code?
- How do I set a nominal centre to be reconciled?
- How do I print a list of nominal centres?
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