N/C* | The nominal code for the nominal record. |
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Inactive | To prevent any further activity on the account, and if required, exclude this customer from the Nominal codes window and selection lists, select this check box. Read more > |
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Name | The name of the nominal record. |
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SOFA Category | Charities only - The SOFA category associated with the nominal code. Read more > TIP: This feature is not available in Sage 50 Accounts Essentials. If you'd like to upgrade you can contact our sales team on 0191 479 5955 (UK) or 014 470 806 (Republic of Ireland). If you'd prefer us to call you back, submit your details >> |
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Balance | The current balance on the account. This updates every time you enter a transaction for the nominal code. |
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Account Type | The type of nominal record you are working with: - Nominal Account - A standard nominal account used to record financial activity
- Control Account - Part of the core set of accounts needed for accountancy purposes. Read more >
- Bank Account - This record is both a bank account and nominal account
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Month | Accounting periods, broken down into: - B/F - The balance on the account brought forward from the previous year
- The 12 months of the current financial year
- Future - The value of transactions relating to your next financial year
- Total - The total of all accounting periods
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Actuals | The total of all the transactions posted to the nominal account during each period. |
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Budgets | The budget for the nominal account. This only appears when your software is set to use Standard budgeting. Read more > |
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Prior Year | The balances for the nominal account from the previous year. This only appears when your software is set to use Standard budgeting. |
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