To add custom nominal codes to your chart of accounts:
- Navigate to Nominal Ledger > Chart of Accounts.
- Click on the Add dropdown button.
You have two options:
Option 1: Add from Master Nominal Code List
- Select a code from the predefined Master Nominal Code List.
- You can scroll through or search by keyword to find a suitable nominal code.
- This is useful for quickly adding standard nominal codes relevant to your reporting needs.
Option 2: Create a New (User-Defined) Nominal Code
- Select Create New.
- Enter the following details:
- Account Code
- Description
- Copy From Code – choose an existing nominal code to copy settings from.
This determines:- The Reporting Group the new code will fall under.
- Where it will appear in the Produced Accounts (e.g., P&L, Balance Sheet).
This allows you to tailor the chart of accounts to suit your client’s reporting structure and ensure correct classification in final accounts.