{"id":21525,"date":"2021-08-20T15:19:41","date_gmt":"2021-08-20T14:19:41","guid":{"rendered":"https:\/\/bigredcloud.com\/?post_type=docs&#038;p=21525"},"modified":"2022-11-10T17:44:19","modified_gmt":"2022-11-10T17:44:19","password":"","slug":"nominal-journals","status":"publish","type":"docs","link":"https:\/\/bigredcloud.com\/en\/documents\/nominal-journals\/","title":{"rendered":"Nominal Journals"},"content":{"rendered":"<p>To make a direct adjustment to the balances on some Nominal Accounts without making an entry in the day books a Nominal Journal entry can be made. \u00a0The type of adjustments usually made in this way are:<\/p>\n<ul>\n<li>Entering Opening Balances \u2013 note \u2013 these should NOT be entered for\u00a0Control Accounts.<\/li>\n<li>Posting Accruals and Prepayments.<\/li>\n<li>Entering Depreciations and Provisions.<\/li>\n<li>Re-valuing the Balance Sheet in line with Goodwill, Capital Appreciation\/Depreciation, Stock Losses\/Gains<em> etc.<\/em><\/li>\n<li>Re-posting SUNDRY entries into their true account destinations.<\/li>\n<li>Correcting\u00a0 postings wrongly analysed.<\/li>\n<\/ul>\n<p><strong>To Make A Nominal Journal Adjustment:<\/strong><\/p>\n<p>Click on the Nominal Journal icon <img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21526\" src=\"http:\/\/bigredcloud.com\/wp-content\/uploads\/2021\/08\/NomJrnlIcon.jpg\" alt=\"\" width=\"90\" height=\"55\" \/> or from the top menu select\u00a0Books \/ Journal Adjustment \/ Nominal Journals.<\/p>\n<p>Select\u00a0Journals, then\u00a0Add.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21527\" src=\"http:\/\/bigredcloud.com\/wp-content\/uploads\/2021\/08\/NomJrnlAdd.jpg\" alt=\"\" width=\"674\" height=\"346\" srcset=\"https:\/\/bigredcloud.com\/wp-content\/uploads\/2021\/08\/NomJrnlAdd.jpg 674w, https:\/\/bigredcloud.com\/wp-content\/uploads\/2021\/08\/NomJrnlAdd-300x154.jpg 300w\" sizes=\"auto, (max-width: 674px) 100vw, 674px\" \/><br \/>\n<noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-2793\" src=\"https:\/\/bigredcloud.co.uk\/wp-content\/uploads\/NomJrnlAdd-300x154.jpg\" alt=\"NomJrnlAdd\" width=\"300\" height=\"154\" srcset=\"http:\/\/bigredcloud.com\/wp-content\/uploads\/NomJrnlAdd-300x154.jpg 300w, http:\/\/bigredcloud.com\/wp-content\/uploads\/NomJrnlAdd.jpg 674w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/noscript><\/p>\n<p><strong>Journal Adjustments.<\/strong><\/p>\n<p>Click on\u00a0Journals\u00a0to enter Journal Adjustments.<\/p>\n<p>Journals are entered in batches and the Debits and Credits must balance before a batch can be saved.<\/p>\n<p>Adjustments cannot be made to Control Accounts other than the Vat Control Account.<\/p>\n<p><strong>Accruals And Prepayments.<\/strong><\/p>\n<p>All Accruals and Prepayments automatically reverse in the subsequent month.<\/p>\n<p>The Copy function can be used to copy batches to other months.<\/p>\n<p>When using the\u00a0Journals\u00a0function to make an entry which you will subsequently want to reverse, <em>e.g.<\/em> to record Opening and Closing Stock Balances for a period, then you should confine such an entry to its own batch. \u00a0Having then provided yourself with the relevant reports, you should\u00a0delete\u00a0that batch when you reach the subsequent period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To make a direct adjustment to the balances on some Nominal Accounts without making an entry in the day books&#8230;<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"doc_category":[212],"doc_tag":[],"class_list":{"0":"post-21525","1":"docs","2":"type-docs","3":"status-publish","5":"doc_category-nominal"},"year_month":"2026-04","word_count":234,"total_views":0,"reactions":{"happy":0,"normal":0,"sad":0},"author_info":{"name":"apathak","author_nicename":"apathak","author_url":"https:\/\/bigredcloud.com\/en\/author\/apathak\/"},"doc_category_info":[{"term_name":"Nominal","term_url":"https:\/\/bigredcloud.com\/en\/docs-category\/nominal\/"}],"doc_tag_info":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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