Working with Nominal Journal entries

Accounts > Nominal Journal Entries

In MYOB BusinessBasics, Nominal Journal entries are transactions you can use to track business activity that you wouldn't want to track with other kinds of transactions, such as sales. Usually, Nominal Journal entries are used for special situations only, such as when you need to record depreciation of your company's assets, or when you need to enter year-end adjustments to your financial records.

Transaction information from Nominal Journal entries are stored in the Nominal Journal, so your other business records, such as your sales figures, aren't directly affected by these transactions.

Creating Nominal Journal entries

Recording depreciation

Using recurring Nominal Journal templates

Finding, changing, deleting and reversing Nominal Journal entries

Related topics
Maintaining accounts

Copyright 2003 MYOB Limited