Nominal Ledger
How to print a Management Profit and Loss Report
To create a Management Profit and Loss report in SFM: Go to Current Year or Previous Year > Nominal > Chart of Accounts Reports > Management Reports, and click on the report type required. Once you have chosen your report type, a printer window will ...
How to print a Trial Balance Report in SFM
To create a Trial Balance report in SFM: Go to Current Year or Previous Year > Nominal > Chart of Accounts Reports > Trial Balance Reports, and click on the report type required. Once you have chosen your desired report type, a printer window will ...
How to Reverse a Transaction from the Audit Trail in SFM
Go to Current year > Sales > Audit Trail. Select the transaction and press on Reverse Entry.
How to create a new Analysis Code in the Jobs Module
In order to create a new Analysis Code in the Jobs Module, follow these steps: Create Nominal Code Current Year > Nominal > Chart of Accounts > Press the Sign button Create Analysis Code Support > Jobs > Analysis & Press the Sign button Link ...
How to set Percentage Allocation in SFM
The Percentage Allocation functionality in SFM allows you to split an entry into two or more different Nominal accounts automatically allocating this by percentage which is setup by the user. Setting Up Percentage Allocation Create a Nominal ...
How do I print nominal transactions across different financial years?
As from SFM Version 2.0.8.56, a user can print nominal transactions across different financial years. The report to achieve this is called Transactions for All Accounts. and it is found in Current Year > Nominal > Chart of Accounts Reports > ...
How do I reverse an entry after posting it?
Once users confirm an entry into SFM, they cannot modify any elements of the data. The only option available is to reverse the full transaction(s) and re post the entry with the right values. The system provides for the reversal of entries as ...
Can I set nominal account budgets in SFM?
Nominal account budgets can be imported in SFM through a template (attached). The budget amounts are entered per period/ per nominal account. Below are some points to note when entering the budgets in the template: 1. The budget amount has to always ...
How to create a new Control Account in SFM? (Bank Account, Cash Account, Stock Control, etc)
Create the Account in your Chart of Accounts as seen below. Please make sure you use the code depending on your Heading and Sub-Heading digits. After creating the account, you need to specify the account as a System Control Account. Go to Support > ...
How to check which year is your current year in SFM
To check which year the client is currently in: Go to Current Year > Utilities > Posting dates. Check year.
Error: "Allocation in Progress for Entity" when allocating entries in SFM
Problem Error: "Allocation in Progress for Entity" Environment SFM Purchase or Sales Unallocated Entries Solution Go to Client (Current Year > Sales > Client Maintenance ) or Supplier List (Current Year > Purchases > Supplier Maintenance) Highlight ...
Why do I have an SFM Opening Entries Validity?
This happens when the Opening Entries posted in the clients/suppliers do not match the opening entries posted in the Nominal. If the total opening entries inserted for all the Clients (Sales Ledger) is a certain amount, the same amount should be ...