Change the accrued income nominal
Some Of the nominals and ledgers used in this topic may be different to those in your chart of accounts.
When an accrual is posted, by default, the balance is transferred from the income or expenditure nominal to the 9600 accruals nominal. Although it is not possible to have separate accruals nominals (one for income and one for expenditure), it is possible to change the nominal an accrual is posted to on an individual basis.
For example, if you want to post accrued income to a separate balance sheet nominal, you can change the setting on the PARAMETERS ledger. However you need to change the setting again if you want to post accrued expenditure.
Before proceeding, please ensure that you have created an accrued income nominal on your balance sheet, if it does not already exist.
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Select Maintenance, then select Accounts from the menu.
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The List of Ledgers dialog is displayed. Double-select to select the PARAMETERS - Parameters Ledger.
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The Account Maintenance window is displayed. Select ACCRUAL - Accrual Information from the left-hand panel, select EDIT, then select the Analysis Fields tab.
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The Element Nominal field contains the core nominal where the accrual is posted to - typically 9600 (Accruals). To change this, over-type the existing core nominal with the required nominal.
- Select SAVE to save the changes. All future accruals then post to this nominal. If you need to change the nominal, simply repeat this process.