Chart of Accounts best Practices
Summary
Chart of Accounts best PracticesContent
Hello :
I think it is not an easy question, regarding the best practice to design a Chart of Accounts however I have one specific question regarding to setup the following structure :
1.-Company (CO) ---Primary Balancing Segment
2.-Cost Center (CC) ----Cost Center Segment
3.-Account (ACCT) -----Natural Account Segment
4.-Intercompany (IC) --- Intercompany Segment
Now I have a question regarding to setup either Division (DIV) and assign the qualiafier called Location segment or Second Balancing Segment.
What would be the benefit to setup the Division (DIV) or not, I thonk the best benefit is for Management Reporting for P&L mainly for Financial Report Studio.