The Value of Revamping Your Chart of Accounts

6 Pages

Though it may not be where most people start, the Chart of Accounts is a necessary stop on your path to financial efficiency. In order to introduce new software, merge business units or even implement new processes, you have to ensure the foundation can support the change. And that’s just what a Chart of Accounts (COA) is – the foundation for your General Ledger and really, the foundation of your financial reporting. When you think of it like that, there’s obvious value in reevaluating and revamping it, right?

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The Value of Revamping Your Chart of Accounts

The Value of Revamping Your Chart of Accounts

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