3 Signs It’s Time to Redesign Your Chart of Accounts
Restructuring and streamlining your COA may not be at the top of your “to do” list. But perhaps it should be. The fact is that when you wait for chart of accounts problems to become completely unmanageable, it’s already impacting your business in substantial ways. It’s better to look for the early warning signs that your organization is outgrowing its old COA.
The good news is that your next major COA remediation project can be the last. While you will still have to revisit and make updates, a properly designed COA will grow and flex with your business.
Now, let’s look at some of the signs that your chart of accounts needs serious attention.
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