We’re re-organizing how our COA is set up in GP as our business grows.
Historically, we had our COA set up to gather expense data by cost center and
project, however this required multiple accounts for each "natural" expense account (i.e., one for each cost center). As our business evolves,
the COA is becoming unmanageable (currently we have over 1,000 accounts and if we continue on this path, we’ll have over 2,000 soon!).
I’m a
novice to GP and don’t know a whole lot about how it works (or how it can work), but I do know
there has got to be a better way to get the information we need (i.e., to be
able to accumulate costs by departments and projects without essentially having a separate chart of accounts for each of our departments).
We’re looking in to AA, but again I’m not
sure if we know the full capability or how it works with FrX.
Is there
any advise anyone can provide (resources, tools, suggested approaches, etc); or is 2,000 accounts reasonable for GP?
Thank you in advance.
