The Nominal Ledger

The Nominal Ledger is where you record the revenue and expenditure of your business. Transactions recorded in all the Sage 200 modules are recorded here.

Use the Nominal Ledger to:

Create your nominal accounts.

You can:
- Create cost centres and departments.
- Create default nominal accounts to allow integration with the other modules. These include a default sales account, a default purchases account, bank accounts, and suspense account.
Create budgets for your nominal accounts.
Make journal entries to your nominal accounts. These can be:
- Single journal entries.
- Recurring journal entries.
- Reversing journal entries.
- Bank payments or receipts.
  These can also be entered using the Cash Book module.
Record prepayments and accruals. This allows you to manage payments made in advance and in arrears.
Update the nominal ledger with transactions from other Sage 200 modules.
- Account listings.
- Detailed analysis of balances and transactions.
- Budget comparisons.
Produce financial statements:
- Trial Balance.
- Profit and Loss.
- Balance Sheet

If you are using Sage 200 Online, to automatically post from Sage Payroll nominal accounts to Sage 200 Nominal Ledger nominal accounts, install the Nominal Link components within Sage 200. To do this:

Open the Nominal Ledger Welcome Page.

Select Nominal Ledger in the Navigation bar.
Select Welcome Page in the Dashboards drop-down.

Click the link, Install Nominal Link components to launch the installer.
Follow the instructions in the installer.

What do you want to do?

Create nominal accounts overview

Manage transactions

Designing financial statements

Consolidate nominal ledgers

Other tasks

Set up the Nominal Ledger