This section describes the general level of implementation difficulty for all of the best practices discussed in this chapter. Two levels of implementation difficulty are covered in Exhibit 14.1, which shows the general level of cost and duration to implement each best practice.
|Best Practice||Cost||Install Time|
|Chart of Accounts|
|14–1||Eliminate small-balance accounts||
|14–2||Modify account code structure for storage of ABC information||
|14–3||Reduce the chart of accounts||
|14–4||Use identical chart of accounts for subsidiaries|
|14–5||Use data warehouse for report distribution|