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Ice Ledger

Nominal Ledger


Nominal ledger is the heart of management accounts and business analysis. The company balance sheet and profit & loss accounts are split into Categories. These in-turn are further split into Groups with each group comprising of a number of Nominal Code. Because each financial transaction is associated with a nominal code, all business activity can be summarised into distinct groups and higher categories for purposes of analysis.

Categories

Categories are at the top of the nominal hiarchy and allow the business assets to be grouped into suitably categories and sub-categories to define the company balance sheet. The grouping also allows the business to be analysed in terms of its profit and loss. A typical example of Nominal Categories and sub-categories is listed below:

Groups

Nominal Codes

Bank Accounts


 

 

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