Recording Nominal Receipts
The nominals and ledgers used in this topic may be different to those in your chart of accounts.
A nominal receipt is used to record income being received that does not relate to a sales invoice already on the system.
- Select Options > Document Input from the menu bar or click the Document Input icon.
- Select NR from the Document Type drop-down list, then Nominal Receipt from the Input Form drop-down list.
- The Document Type will be preceded by the first two letters of the required location code.
- Select the required Document Date and ensure the Document Period is correct, then click the OK button. The Nominal Receipt input form is displayed.
- Double-click the Paying in/Direct Bank field to select whether the payment was received directly into the bank or via a paying-in slip as follows:
Select Bank if the funds have been paid directly into the bank account (this posts the entry directly to the bank nominal). There will be only one entry on the cash book for reconciliation purposes.
Select Paying-in if the fund have been received in had, either as cash or cheque that will be added to a paying-in-slip and paid in at a later date. Each entry will be placed in the paying-in-slip control account. - The Document Date will automatically be populated with the information from the Document Input dialog.
- Enter the total value of the cheque/cash in the Amount field together with a Description.
- Tab down to the columns and enter the relevant nominal and account code, gross value and VAT rate. The VAT and net amounts will calculate automatically.
- If the income needs to be deferred across several periods, enter the Deferral Start Date and Deferral End dates, otherwise these columns can simply be left blank. For more information, see Processing Deferred Income .
- Press F5 to post the receipt.