Financial statements were such a mystery to me when I first started in accounting. I remember staring at these sheets of numbers thinking "how does anyone make sense of this?" Then our CFO explained that it's all about organization - how you structure your general ledger codes makes a huge difference in how useful your financial data becomes. I stumbled across this nice article that finally made GL codes click for me. Wish I'd found it years ago! It explains how properly structured codes let you slice and dice your financial data in meaningful ways. Anyone else feel like their company's chart of accounts could use an overhaul? Ours was a mess until we reorganized last year

Posted by Waivio guest: @waivio_alex-alexeeev