What is The Advanced Nominal Ledger?
The Advanced Nominal Ledger is a new Opera II module. As the name suggests, it offers advanced analysis, reporting, enquiry and drill down capabilities. It is intended for customers who require more sophisticated or flexible financial analysis. These customers will need to purchase the Advanced Nominal Ledger in addition to the Nominal Ledger. This phase introduces two extra definable Nominal dimensions - Department and Project, budgeting, reporting and enquiry facilities. The Advanced Nominal Ledger is a standard module price and will be included as a module for AMC purposes.

What does it offer?

Two new dimensions - Department and Project. (In addition to the existing Nominal Account and Cost Centre.)

Department and Project are default names to describe the new dimensions but these can be changed.

A Budget function is now available for Departments and Projects. It has also been introduced for Cost Centres. Budgets can now be specified against a dimension and Nominal Account for a fiscal year or across multiple years. In addition, budget factoring is available. Nominal Account and dimension budgets are all independent of each other.

Both Department and Project have been implemented as floating analysis codes. This means that these codes are not tied to the Nominal Account structure like Cost Centres.

A new function that allows very powerful definable views to be created. Up to six levels of analysis drill down (Type, Sub-Type, Account, Cost Centre, Department, Project) are available before drilling down to the period values, transactions and source documents - journal images and sales invoices.

Greater Flexibility

· Advanced Nominal Ledger is more adaptable to how many customers want to analyse their data today. The setup required to use these two extra dimensions is minimal, as they are floating codes and not tied to the Nominal Account like Cost Centres.

· Reporting is instant, with the introduction of definable views. The ability to report on a year and period ranges gives customers greater flexibility when interrogating data.

· Greater choice and flexibility when analysing data. This can be for a particular Cost Centre, Department, Project and Nominal Account.

· Multiple dimensions make it easy to analyse key information, such as revenues and expenses, by Cost Centre, Department or Project. Customers can create unlimited Cost Centres, Departments and Projects and enter financial budgets across fiscal years if required.

· Customers who wish to use the new dimensions can name them as appropriate - Department and Project are default names, but these functions can be customised to match a company's specific requirements.

· Nominal Views - this new option makes reporting on dimensional codes incredibly simple. Customers can set up definable views with up to six levels of analysis, allowing drill down to transaction level (period values, transactions, source documents - journal images and sales invoices).