Using Nominal Classifications

Using Nominal Classifications

Overview  

This video will show you how Nominal Classifications can be used in Khaos Control Cloud. A step by step guide can be found below the video.



Setup

  1. In System Setup open System Data.
  2. Double Click on Nominal Accounts Classification to open the table.
  3. Enter Edit Mode.
  4. Use the New button to add the Nominal Classifications as required.

Usage in the Trial Balance Screen

  1. In Accounts, open the Trial Balance.
  2. Populate the Account Detail grid by double clicking the desired nominal in the Trial Balance grid.
  3. To assign a Nominal Classification to a transaction, green select the transaction.
  4. Use the Actions menu to select Assign Nominal Class.
  5. Select the required Nominal Classification from the drop down.

Usage when posting a Journal

  1. In Accounts, open Journal.
  2. Select the nominals and amounts required for the journal.
  3. Use the Classification drop down in the journal grid to assign the desired Nominal Classification.

Usage in the SP Ledger

  1. In Accounts, open Sales and Purchase Ledger Invoicing.
  2. Go into Edit Mode.
  3. Click the + New button to add a new SP Ledger entry.
  4. Select the supplier.
  5. Select the nominal classification from the Nominal Classification drop-down.
  6. Complete the S/P Ledger Entry as normal.

Usage in the P&L

  1. In Accounts, open Profit & Loss Report.
  2. Using the Filters button, the P&L can be filtered to show results by Nominal Classification.







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