After selecting the Financials tab in SAM, a detailed popup window will appear, giving you access to enter key financial information for the product or service. In this window, you can input the Purchase Nominal, Sales Nominal, and Commodity Code fields. These fields are essential for maintaining accurate accounting records and for the smooth integration of SAM with your financial software, such as Sage 50 Accounts.

• Purchase Nominal: This field is used to define the nominal ledger code for the purchase of the product or service. It is crucial for ensuring that costs are recorded in the correct category in your accounts.
• Sales Nominal: This code identifies the revenue category in which the sale of the product or service will be recorded. It ensures that income is allocated correctly in the accounting system.
• Commodity Code: This refers to a classification code used primarily for products in line with international trade and tax regulations. It may be required for VAT or customs purposes.

Accurate entry of these nominals ensures that the system integrates seamlessly with Sage 50 Accounts or any other financial software you may be using, and that all financial transactions are correctly recorded, aiding in effective reporting and compliance.