Example of vehicle nominal codes
The above nominal code is split into 4 main components
1 - Branch
2 - Department (30 new, 31 used)
3 - Type (Sale = 10, Discount = 20, Cost of sale = 30)
4 - Nominal description (30 = Vehicle, 31 = Factory options, 32 = Dealer options)
Sale and Discount
When a vehicle has been sold but not closed the sale will be grouped into sale suspense (branch. department.70.97).
Once the deal is closed the system will clear sales suspense and put the sale/discount into the relevant nominal codes.
Example of sale codes
Profit analysis reads vehicle retail £10,000 and vehicle sale £8,000.
How will the nominal read when the deal is open?
22.214.171.124 – Sale (Credit)
0.0.70.3 - VAT (Credit)
126.96.36.199 – Debtors (Debit)
What will the system post once the deal has been closed?
188.8.131.52 – Sales suspense (Debit)
184.108.40.206 £10,000 – Vehicle Sale (Credit)
220.127.116.11 £2,000 – Vehicle Debit (Debit)