> Payroll tasks / Your company / Posting to accounts / Setting up the nominal link / Maintaining your profit & loss and balance sheet nominal codes

Maintaining your profit & loss and balance sheet nominal accounts


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If you don't want to use the default nominal accounts, you easily update them to reflect the codes you use in your accounts software. You can also create new codes in Sage 50 Payroll, without having to open your accounts software.

To update the nominal accounts

Select Company > Nominal Settings > select the appropriate Analysis tab. For example, P&L Analysis.
In the Acc N/C column, enter the nominal code for each category you want post to in your accounts software.

Tip: If you are linking to Sage 50 Accounts or Sage Instant Accounts, use the finder button to select a code from your accounts. If the code you want to use is not listed, to create a new code:
- New > enter the details > OK.
To breakdown your costs further, you can:
- Enter your default accounts cost centre in the Acc C/C column.
- Enter your default department in the Acc Dept column.
Tip: If you are linking to Sage 200 or posting to a file, you can use the department or cost centre reference from your employee's records, instead of manually entering them. To do this, select the Use Employees' Departments to fill incomplete categories check box or Use Employees' Cost Centres to fill incomplete categories check box.
When you have finished > OK.

For more information on:

Setting up Nominal Link to post to your Sage accounting software, or to post to file, see Setting up the nominal link.
Using overrides, see Producing a detailed analysis.

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