Core System

Integrated Nominal Ledger

What is the Intergrated Nominal Ledger?

The Integrated Nominal Ledger serves as a comprehensive record-keeping system in Scion, capturing all transactions across your Credit Union’s accounts from various journals and sub-ledgers. Essentially, it serves as the central repository for all financial activities. 

Within the Intergrated Nominal Ledger, you’ll find detailed entries for assets, expenses, and payments. Moreover, this ledger’s data is instrumental in generating essential financial statements such as the balance sheet and profit and loss statement at the conclusion of an accounting period. 

Additionally, the Nominal Ledger contains a chart of accounts, which acts as an organised index categorising accounts into subsets like assets, liabilities, and shareholder equity. 

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Why use the Wellington IT Nominal Ledger?

In the past, accounting entries were painstakingly recorded by hand in physical ledgers, consuming considerable time. These ledgers were essential for maintaining comprehensive records for you Credit Union, with entries meticulously logged on both the credit and debit sides to ensure balance. 

However, the addition of the Nominal Ledger to Scion has revolutionised Credit Union accounting practices.  

Boasting an array of features, including bank reconciliation, time tracking, payroll management, invoicing, and more, all accessible on Scion Consequently, these advancements have streamlined accounting processes, saving time and enhancing efficiency. 

Automatic Transaction Posting and End-of-Day

No need to manually enter member transactions into your ledgers. Scion will automatically post these for you.

Reporting, Budgeting & Forecasting

Comprehensive reporting, budgeting and forecasting tools to drive better financial decision-making, including Balance Sheet and P&L.

Bank reconciliation

Fully integrated bank reconciliation for multiple accounts.


If you currently use SAGE for your Nominal Ledger, we can offer an integrated API for this.

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