Allows nominal account codes to be changed and accounts to be merged or deleted, in order to restructure the Nominal Ledger
This utility allows nominal accounts to be recoded. The accounts may either be entered individually, or imported from a CSV file (eg. produced in Excel).
All references to the nominal account throughout the system are updated. Nominal accounts may be merged (ie. 2 or more old accounts into 1 new one), in which case all balances and transactions are updated.
This allows the entire nominal ledger to be restructured: a list of "old" and "new" account codes can be prepared in Excel, then the changes applied.
This utility is also helpful for removing old cost centres or departments: all the existing nominal balances and transactions can be moved to a current cost centre/department, then the old cost centre/department deleted.