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~ Alt Acc

The Alternative Account Number in the Control Data tab of a G/L account is an optional field that allows you to specify an alternative account number for the same G/L account. This can be useful in certain scenarios, such as:

  • Mergers and Acquisitions: When two companies merge or acquire each other, the G/L accounts of the acquired company may need to be renumbered to align with the acquiring company's chart of accounts. The Alternative Account Number can be used to maintain a record of the original account number for reference purposes.
  • Regulatory Requirements: Some regulatory bodies may require specific account numbers for certain types of transactions. The Alternative Account Number can be used to comply with these requirements without changing the primary account number.
  • Internal Reporting: The Alternative Account Number can be used for internal reporting purposes, providing additional flexibility in how financial data is analyzed and presented.

It's important to note that the Alternative Account Number is not used for posting transactions. It's primarily a reference field that can be used for various purposes, such as tracking account history or facilitating data migration.



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