The add-on allows you to create, maintain and report on up to 50 nominal ledger departments. Each department can be posted to individually from the sales, purchase and nominal ledger. This would allow you to break your nominal into operational departments; i.e. Sales, Purchasing, Manufacturing, Admin, etc. The Trial Balance or Profit/Loss & Balance sheets (and other reports) can be reported on a consolidated basis (i.e. the company) or on each department individually. Departments can also be consolidated into a new single department.
Optionally departments can be grouped together and report on as a group; for example, you may wish to create a group of departments that relate to the companies finances and another group of departments that represents the finances of contributors or investors (suitable for charities who deal with their operational finances and the finances raised/used by the charitable aspect of the business).
Please contact us for more information on the above features and how they can help your business.
Departmental Nominal Ledger