To Display Account Numbers In The Chart Of Accounts Select
Introduction
Managing a business or organization requires a proper system of monitoring all financial transactions. One of the most important tools for this task is the chart of accounts. It is a list of all the financial accounts used in the organization to record transactions. By default, the chart of accounts displays the account names, but sometimes you may need to display account numbers instead. In this article, we'll discuss how to display account numbers in the chart of accounts.
Step-by-Step Guide
Here are the steps to display account numbers in the chart of accounts:
Step 1: Open the Chart of Accounts
The first step is to open the chart of accounts. You can do this by going to the Lists menu, selecting Chart of Accounts, or by using the keyboard shortcut Ctrl+A.
Step 2: Customize the Chart of Accounts
Once the chart of accounts window is open, you need to customize it to display account numbers. To do this, click on the "Customize Report" button at the bottom left of the window.
Step 3: Add Account Numbers
In the "Customize Report" window, you can add or remove columns to display in the chart of accounts. To add account numbers, find the "Display" tab and check the box next to "Account Number".
Step 4: Apply Changes
After adding the account numbers column, click on the "OK" button to apply the changes. The chart of accounts will now display account numbers alongside account names.
Benefits of Displaying Account Numbers
There are several benefits to displaying account numbers in the chart of accounts:
Easier Navigation
Displaying account numbers makes it easier to navigate the chart of accounts. You can quickly find specific accounts by their numbers instead of searching through a long list of account names.
Better Organization
Using account numbers also helps to better organize the chart of accounts. You can group similar accounts together by assigning them to the same account number range.
Reduced Errors
Displaying account numbers can also reduce errors in financial transactions. Account numbers provide a unique identifier for each account, which can help prevent mistakes when selecting the wrong account.
Conclusion
Displaying account numbers in the chart of accounts is a simple process that can provide many benefits to your organization. By following the steps outlined in this article, you can easily customize the chart of accounts to display account numbers alongside account names. This will make it easier to navigate, better organized, and reduce errors in financial transactions.