Creating Nominals and Bank Nominals

This article is part of the System Parameters section.

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System Parameters

Nominals

A Nominal is a ledger account used in accounting systems to record and categorize financial transactions.

To create a new Nominal:

1. Navigate to the Nominal tab on the CPL main screen.
   
   

Select the Add button 

This will open the screen shown below. Populate the required information, then select Save and Close to complete the process.

Bank Nominals

A Bank Nominal is used to record the bank details of the accounts you hold for your factoring business.

To create a new Bank Nominal:

1. Navigate to Systems in the main menu.
   
   
2. Select System Parameters.
   
   
3. Choose Bank Nominals to proceed.
   
   

This will display a list of all the bank nominals you hold. To add a new bank nominal, click the Add button. This will open the screen shown below.

You will need to link your bank nominal to a nominal code. Select a suitable code from the dropdown menu. If the code you need isn’t listed, you can add a new one by clicking Add New Nominal Code.

Please choose your Nominal Code carefully.

Save and Close.

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