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 eas...
Forum Discussion
Certainly good to review the Chart of Accounts say annually.
Numbers can be changed within Expenses as long as the number is not being used.
Numbers cannot be changed from Expenses to Cost of Sales.
Prior transactions are carried forward.
Duncan
Thanks Duncan.
Can you also please confirm that the "old" account number is then released for use as a new account? So in my example "6-0030" could then be given a new name and be a new expense account?
