Why is Department Coding So Important?

In episode #18, I address department coding. This is the second pillar in our proper SaaS accounting foundation. First, we need a proper chart of accounts. Second, we need the proper departments in our accounting software.

- What are departments?

- Identify your departments

- Code expenses to the department level

- Each accounting system calls it something different

- Part of our monthly financial close process

- Sets us up for financial analysis and accurate SaaS metrics

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