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Accounting Best Practices, Fifth Edition by Steven M. Bragg Englewood, Colorado

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Chapter 14: General Ledger Best Practices

Chart of Accounts

14–1Eliminate small-balance accounts
14–2Modify account code structure for storage of ABC information
14–3Reduce the chart of accounts
14–4Use identical chart of accounts for subsidiaries

Data Warehousing

14–5Use data warehouse for report distribution
14–6Use forms/rates data warehouse for automated tax filings
14–7Use the general ledger as a data warehouse

General

14–8Restrict use of journal entries
14–9Avoid general ledger posting bottlenecks
14–10Have subsidiaries update their own data in the central general ledger
14–11Prescreen construction-in-progess entries

System Additions

14–12Construct automated interfaces to software that summarizes into the general ledger
14–13Create general ledger drill-down capability
14–14Overlay the general ledger with a consolidation and reporting package
14–15Use automated error-checking

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