Check Bank Nominal Availability

This guidance is only for IRIS Financials Version 7.0.2223 or later. If using version 7.0.2103 or earlier, go to Creating a new bank account.

The 104600-104609 nominal codes are used for bank accounts.

Before adding an account in IRIS Financials for your bank accounts, you must check if a bank account nominal code is available for the required entity.

If all the bank nominal codes are linked to a bank account, an additional core nominal code must be created.

1. Go to Maintenance, then select Nominals.

2. For the relevant entity, find the 104600-104609 codes.

   If all the bank nominal codes are displayed, either a bank account that is no longer in use must be closed so you can use the code again, or an nominal code outside of the range that is not being used must be created and used.

3. If all the codes in the range are not displayed:
   1. Create the core nominal code.
   2. Add the nominal account, with the following details: 
      • In General:
        • From Type, select Balance Sheet
        • From Initial State, select Open External

      • In Indices, select NOMTYPE - Nominal Type, then B/S - Balance Sheet

        If you have the latest EFA Budget Forecast index, select it, then from Values, select Cash at bank and in hand.

      • In Analysis, complete all the options. The typical options are: 

      • Analysis Field	What to choose
        Entity Code	The entity the bank account is for
        GL Code	The code of the nominal the bank account is linked to
        Summary	Select Current Assets
        Detailed	Select Cash at bank and in hand
        I&E	Select Not applicable
        SOFA	Select Not applicable

4. Next, set up the account in IRIS Financials for the bank account.