I've recently started a project for a client whose core business is mainly events management. We'll be re-implementing GP 10 for financial reporting purposes - however I have a few questions before we start setups, namely
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What is "best practice" for a COA (chart of accounts) structure? Since the company will be planning multiple events throughout the year, I dont think its wise to build each event into the COA structure. Is my thinking correct? Furthermore, the co's budget is not being inputted into GP by event which further signifies to me that I may not be too much off hte mark.
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If so, we plan to use AA (analytical accounting) to input the revenue & costs by event, however - the revenue & procurement both takes place through 3rd applications. The plan is to use the same event # within all systems to track revenue vs. costs in order to build an "Event P&L report" from GP. Is there a reliable integration tool out there whereby we can import the event # into the AA windows? I've been researching the internet for such information but have not found anything as yet. How successful has anyone been to report AA through Frx6.7?
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Are there any 3rd party applications out there for GP for Event management companies that would make tracking a event # easier?
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