Nominal Ledger

Among the many features of the Nominal ledger are:

Nominal Account codes are alphanumeric. The full code for a nominal account is 10 characters/digits. The first 3 of these are used to indicate department, the next 4 are the main (or header) code for the account and the last three can be used to sub-divide the account
No limit to the number of accounts and transactions per account
Unlimited number of Bank, Cash and Petty Cash accounts - in different currencies if required
Accounts can be transferred, merged or closed
Accounting periods may be calendar monthly, 4-4-5 week periods, 13 four week periods, weekly or defined by the user
The nominal ledger can be kept open for all periods in the current financial year plus the previous one
Accruals and Prepayments can be entered
User defined VAT rates with effective dates
Compatible with EC VAT regulations

Nominal Ledger Reports