GL Account Setup
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GL Account Setup
If you’re open to adding segments:
- You can easily add segments to the end of your COA assuming your account framework handles that. (i.e. your max segments > 3). There is a product to change your framework should it need changing and it could help accommodate a new segment elsewhere vs. the 4th spot.
- By default that would put blank spaces in all existing accounts but you could use Account Modifier (part of the PSTL free tools) to mass change all of your accounts to put 0’s in there instead)
- I’d consider any non-cost center/dept. type purpose be put in that 4th segment perhaps to keep it clean.
Either way, think about your financial reporting first and work backwards. I find if users looked at how FRx or MR or other F/S reporting tools worked, they would have numbered their COA much differently! Seeing how you can use wildcards and ranges opens up your mind to how numbering affects the simplicity or complexity of those reports.
Hope this gives you some ideas…
Jen——————————
Jen Kuntz, CPA, CGA
Microsoft MVP, Business Solutions
Kuntz Consulting Inc.
Cambridge, ON, Canada
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