Reporting Requirements vs. General Ledger Requirements
When you make decisions such as setting up your chart of accounts and whether or not to use the interface table, you should carefully consider the reporting requirements for your business. You can set up your business without Interface Codes and still easily report on sales by item, department, and many other factors. The only difference is that, without using the interface table, the general ledger accounts themselves won’t reflect the same items sold from different departments.
As with setting up your chart of accounts and your fiscal calendar, we recommend consulting an accounting professional for help with this decision.
Published date: 09/30/2021