Use of nominal codes

One of the most common questions we face with from our clients is What nominal code do I use in Sage for ...xyz

Firstly, there is no definitive answer to this sort of question, as some people make drastic changes to their standard sage nominal code structures. The answers offered here ASSUME you are using a normal chart of accounts, as always, we offer no warranty that this information is correct in your circumstances.

Common Questions

Already got nominal codes in the wrong places and want a fix?

We can recode your data, change nominal codes, merge codes, change customer and supplier account codes change product codes. Our utility even goes back and changes them through the current years history in all modules. We can even remove deleted transactions, alter the date on future dated transactions. Please contact us for more details.

Directors loans are normally money that is lent to a member of staff who happens to be a Director.
In a typical scenario a dividend is proposed and then at some later date paid quite possibly in the next financial year.
Income from the issuing of shares are typically recorded against 3000
VAT
What nominal code do I use in Sage for VAT
What nominal code do I use in Sage for PAYE Income Tax NI National Insurance and Payroll?
In a typical scenario a Corporation tax is calculated and allowed for but not paid until some later date paid quite possibly in the next financial year.