Balance Sheet and Profit & Loss

Balance Sheet and Profit & Loss

The Accounting Dimensions ‘Balance Sheet’ and ‘Profit and Loss’ form the nominal coding of the financial reporting. If you are using Cost Centres, further analysis is typically applied to profit and loss account codes.  Nominal codes can be set to matchable for accruals. 

Select ‘Financial Professionals from the ‘Menu bar’ then click on ‘Dimensions’.
          

Click into the code field then type 3501

Click ‘Next’.

Click into the Name field then enter ‘Motor vehicle insurance’.    
 

To link a ‘ Cost centre’ to a nominal code follow the steps below.

Click on Tab ‘Links’, 
Set Further analysis to ‘Yes’
Click on Add 
Double click the field next to type, this will display a list of Dimension types
Select type ‘KPL’ Cost Centre
Click Save