Impact of renaming a GL Account Description
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.