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Create Nominal Account from Nominal Sub-Category

Zumzum Financials Knowledge Base

    1. Select the Nominal Sub-Category you wish to link the Nominal Account to.
    2. Go to the Related tab.
    3. Select New in the Nominal Account Section.
    4. Enter a unique Account Code, which is used to identify the Nominal Account.
    5. Enter the default Tax Rate for this Nominal Account or use the lookup field to find the correct one.
      • Tick the SO box if this Nominal Account is used for Sales Orders.
      • Tick the PO box if this Nominal Account is used for Purchase Orders.
      • TIck the Expense box if this Nominal Account is used for Expenses.
    6. You can enter the Credit and Debit Balance.
    7. Finally, click Save to ensure the changes are saved.
    in Chart of Accounts (COA), Nominal Account, Nominal Sub Category Tags: nominal account, Nominal Sub-category, Setup

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