Adopting GASB Statement No. 63 - New Account Types Needed?
We have a question from our business users regarding setting up new account types for deferred inflows and deferred outflows. I'm not able to find anything on the KB on how other agencies handled this. Is it necessary to set up new account types - if so, is there a patch / new functionality in the future that would expand this list to more than Assets, Liabilities, Expenses, Revenues, Equity? If you have adopted GASB 63 and 65 - can you share how you did this within the application?
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