The Allocate Nominal Codes form is accessed via Contract Administration / Final Washout / Allocate Nominal Codes and also in Terminations / Final Washouts / Allocate Nominal Codes.
This option is to allocate the Nominal Codes to the termination record for the contracts being washed out. The Nominal Codes linked to agreements can be edited via the Nominal Codes form.
Note: The reason for setting the Nominal Codes at the time of Final Washout is to avoid unnecessary amendment of these values against a multitude of contracts. There may be a change in accounting policy between the commencement and the termination of the contract.
The form is split into three areas. These are the Titlebar, the Allocate Nominal Codes Dialogue Box and a series of Command Buttons at the bottom of the form.
In addition to displaying the form name the Title Bar provides a number of useful buttons.
This form displays the following two mutually exclusive menu options:
A number of command buttons are available:
Proceeds with setting the various Nominal codes against each contract that is due to be washed out to the General Ledger. The system links the codes to both Manual and Automatic Terminations. Whilst the operation is in process a message to this effect is displayed.
Aborts the procedure and returns to the Final Washouts Menu
Provides online access to a context sensitive Help form.