Reporting Challenge 1: Produce a P&L from a TB with 15,000 accounts
If your accounts package makes use of multi-segment nominal codes, you can find your nominal codes breeding like rabbits. A reader asks David Carter for help.
Anyone who reads the AccountingWEB software Lab Tests will know that I don't like accounts packages that use multi-segment nominal codes.
The problem with multi-segment codes
At its simplest a nominal code is one of the accounts that appears in the P&L or Balance sheet - Rent, Marketing etc.