User guide

p183
Big Red Book Accounts v5
Nominal Journals
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. The type of adjustments usually made in this way are:

Entering Opening Balances - note - these should not be entered for Control Accounts

Posting Accruals and Prepayments

Entering Depreciations and Provisions

Re-valuing the Balance Sheet in line with Goodwill, Capital Appreciation/Depreciation, Stock
Losses/Gains etc.

Re-posting SUNDRY entries into their true account destinations

Correcting postings wrongly analysed
To make a Nominal Journal Adjustment:
From the top menu select
Books / Journal Adjustments / Nominal Journals
Journal Adjustments
Click on
Journals
to enter Journal Adjustments.
Journals are entered in batches and the Debits and Credits must balance before a batch can be saved.
Adjustments cannot be made to Control Accounts other than the Vat Control Account.