A sales to nominal journal is a useful tool for quickly reallocating a value from a nominal code to a sales ledger account.
Accessing the Sales to Nominal Journal
To begin the process, follow these steps:
- Navigate to Accounts > Nominal Ledger
- Click on Sales > Nominal Journal
- A journal entry screen will appear
Completing the Sales to Nominal Journal Entry
Once on the journal entry screen, you need to input the relevant details:
- Sales Ledger Account – Select the account that should receive the positive value.
- Nominal Code – Choose the nominal code from which the amount will be transferred.
- Amount – Enter the value being reallocated.
- Description/Reference – Provide a brief reason for the journal entry.
Example Transaction
For example, posting a £100 adjustment would result in:
Account | Description | Debit (£) | Credit (£) |
---|---|---|---|
Sales Ledger Account | Adjustment | 100.00 | |
Nominal Code 1.80.50.445 | Adjustment | 100.00 |
This will create a positive £100 on the sales ledger account and a negative £100 in nominal code 1.80.50.445.
Posting and Completing the Journal
- Once all fields are filled in, click Post Journal.
- If part of a batch, select Complete Batch to finalise the entries.
? Tip: Always double-check your entries before posting to avoid misallocations.
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