TAGCRU
11 months agoContributing User
Revising Chart of Accounts
My company's Chart of Accounts has not been reviewed for a number of years. I would like to make some changes to its structure to bring it in line with an industry standard.
I understand I can easily change Account Name details.
Can I also change Account Numbers?
Would these bring forward the past transactions that have been allocated to this account?
Would the old Account Number become available again?
For example: Currently have "6-0030 Board Expenses". I would like to change this to "6-0085 Board Expenses"
Looking for answers to my questions above.
Thanks!