General Ledger - EBS (MOSC)

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Impact of renaming a GL Account Description

edited Jul 6, 2020 12:23PM in General Ledger - EBS (MOSC) 9 commentsAnswered

What can possibly be the impact of modifying the Description of an Account? Here are other information:

1. The account has been in use for more than 3 years already

2. The new description is a shortened name only

3. The nature and use of the account is the same

Example:

                                          From                                                                                                                                            To

Accumulated Depreciation of Control and Instrumentation Equipment                                        ACCUM DEPRN COST - CONTROL AND INSTRUMENTATION EQPT

I am keen on favoring the renaming provided that the nature and use of the account is the same.

But I want to know if any of you have had experience of renaming the account and encountered any adverse impact.

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