Create or edit a

How to create and ledger accounts. These are also known as nominal accounts or nominal codes.

Explanation of what each field is for.

If you've come from another system such as Sage 50, you may want to import your ledger accounts. You can only do this when no transactions have been entered in Accounting.

What are ledger accounts

We use ledger accounts to group your transactions so you can see how your business is performing.

Each has Category and Group that determines how transactions are reported on your Profit and Loss and Balance Sheet reports.

Some ledger accounts are used automatically by Accounting when recording transactions to ensure that items such as your VAT are recorded correctly. These are known as control accounts and can't be edited. Control accounts are marked with an asterisk.

Create a

  1. From Settings, then Business Settings, choose Chart of Accounts.
  2. Select New .
  3. Enter the details and Save. The fields marked with asterisk * are mandatory

Edit a

You can change of the details of a ledger account.

Changing the category:

  • Changes how the values are included on your reports
  • Does not update transactions are already entered.

Delete a

Once a is created, it cannot be deleted.

While you can't delete a , excluding it from the chart of accounts removes it from selection lists when creating transactions.

Control accounts (indicated with an asterisk) cannot be edited or excluded from the chart of accounts.

  1. Click Settings, then Business Settings, Chart of Accounts.
  2. Open on the relevant .
  3. Clear the Included in Chart check box.
  4. Click Save.


If you're not sure what all the fields are for, here is an explanation

Categories and groups

Each ledger account has a category and group.

This is used to group ledger accounts together and make sure they are report correctly on your profit and loss and balance sheet reports.

Nominal codes

This is a number you can use to help you find and sort your ledger accounts.

If you've moved from another accounting system such as Sage 50, match with the codes you have used previously.

You can use any number that suits you. By default we have used the following numbers.

Assets = 0001 – 1999
Liabilities = 2000 – 2999
Capital = 3000 – 3999
Income = 4000 – 4999
Expenditure – Direct expenses = 5000 – 5999
Expenditure – Overheads = 6000 – 9999

VAT rate

Set a default VAT rate on ledger accounts, to help make sure transactions are entered with the correct VAT rate.

When the is selected, the VAT rate set on the is entered automatically. You can change the VAT on each transaction.

This is useful when transactions recorded against a particular , will use the same VAT rate most of time. For example, your sales are likely to be charged at the standard VAT rate so setting a default on the your sales ledger accounts may be useful.

Where VAT is not required for particular ledger accounts, just choose No VAT.


As choosing the right on a transaction is pretty important, we've set up ledger accounts so they only be selected on certain types of transaction.

For example, sales ledger accounts can be selected on sales transactions.

There may be times when you can't select the you need, due to how the Visibility is set.

If you can't see a , check the visibility setting.

Conversely, if you are seeing account you don't want shown in an area,

  1. Go to Settings, then Business Settings, Chart of Accounts.
  2. Click the you want to check.
  3. Select (or clear) the relevant areas in the Visibility section.
  4. Click Save.

Errors creating ledger accounts

If you see the following error:

Sorry about this – It looks like we’re experiencing a technical problem

Check the following:

  • Make sure you are not trying to use a nominal code that already exists.
  • Make sure that Bank is not selected under Visibility. Only ledger with a category as Bank can also have their Visibility set to Bank.

If you are trying to set a Current Asset with a code greater then 1300, it may give you a technical error, if this occurs, choose a different category (we recommend Bank) and Save, then go back in and edit the ledger to change the category back to Current Asset and Save again.