Sage Nominal Codes are used to record every entry against the relevant category of income or expenditure. Nominal codes are then used by the Sage chart of accounts, to generate analysis reports and management accounts. Everything that Sage does relies on every transaction being recorded against the correct nominal code every entry.
The Sage 50 nominal code structure that comes ‘out of the box’ varies, depending on the type of company you set up:
- Sole Trader
- Charity / non profit
- Limited Company
Important – once set up the codes are fully customisable and can be added to (there are gaps in the numerical sequencing to add your. Therefore if you are starting to work on an existing installation of Sage make sure you understand the nominal code structure, as it may be very different to standard.
Sage 50 Cloud Accounts nominal codes list download
This downloadable Sage 50 nominal codes list breaks down the Sage 50 nominal Codes setup by standard for a limited company by category. Before using ensure that it is appropriate to your installation, organisation type, version and individual setup.
Access the file here
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