By using this website, you agree to our Terms of Use (click here)
I am in the process of coming up with a naming convention for our subaccounts. We currently use only a one segment three-digit nomenclature for our subaccounts. Example Subaccount 000 is corporate, etc.
I am planning to add two or three more (three-digit) segments. I want to know if anyone has an established and proven way of a naming convention that gives them more of a dynamic way of producing reports when utilizing the subaccounts from their naming convention.
Examples I am throwing around are:
Segmented Subaccount could be ( xxx-xxx-xxx-xxx) which would translate to (order creator - customer/vendor - salesmen - item category)
I want to establish such a naming convention that the person creating the SO or PO is associated with the order (which would be a dynamic valve) but the rest of the segments could be fixed in the posting class.
I try to avoid Subaccounts whenever possible and instead get the data from the Subledger.
The idea is that your keep your P&L more summarized and clean, then use supported detailed reports that tie-out to the P&L. The advantage is that you can slice and dice on whatever you want in the detailed report rather than being limited to what is baked into the General Ledger.
Online Members
