All companies should follow a systematic method of assigning and identifying numbers to each account. It is not necessary to use numbers.
Here is a rule of thumb to assign numbers and different types of accounts:
yes as i have metioned the chart of accounts is jacked. No numbers. these numbers i have been working with the last 10 years. Can i assign after i get the account straight. I beleive QB does it for you but these account need to be in the right category first. Correct?
Right. You can add account numbers after the fact. It is easy to look at a bill and it is easy to relate to the account name rather than the account number. And when you hand it to someone else, they do not have to memorize the #’s.
Very helpful. Thank you
I love your calm, and understandable explanation. Love the Bones in you body being like back bone of business chart of accounts comparison. Thank You!
Thank you. This is very helpful