4. Enter the default Number of Months History that the Nominal Ledger is
to store. This is usually at least 24 months, but you can increase this if
required.
5. Tick Using Postponed VAT Accounting if you wish to use it. Once switched on this will apply to all Non-EU imports (Vat code 8). This is where VAT is reclaimed on imported goods at the same time as it is declared on the VAT Return.
6. You must set a nominal code for each of the items shown in the left hand
column. Click the cells in the Nominal Code column and from the drop-down menu select the nominal account code that represents each item.
Click here to view the Nominal Ledger Setup Options screen.