Nominal Roles

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    Nominal roles allow you to specify which accounts will be used for predefined actions carried out by the system. For example, when the system rounds the trial balance it may not balance due to rounding differences. The system corrects this by adjusting nominal accounts in the profit and loss and balance sheet areas to ensure that the rounded profit figure is correct and the balance sheet balances. The accounts that will be adjusted are shown by the associated role in the Nominal Role window. 

    Change Account for a Nominal Role

    1. From the Chart of Accounts Task Bar, under Nominals, click rounding and suspense button.png button. 

    The Rounding and Suspense window contains a list of all predefined roles and the nominal accounts assigned to each.

    1. To change the nominal account in use, click in the appropriate line in the Nominal Code column and enter the new account to use.
    2. To reset the account to use, click in the appropriate line to modify and click the Reset to Default button.