Dimensional accounting has become a crucial aspect of accounting for all industries. Now more than ever, organizations need to evaluate profitability for individual departments, projects, performances, etc. Organizations also need to have common references used by all employees to streamline operations. To accomplish this, accounting software has evolved beyond a segmented chart of accounts to dimensions, allowing you to tag activity throughout the system with categories unique to your business.
Watch our recorded webinar to see why dimensions are beneficial to you. Some highlights include:
- How to streamline your account structure by using dimensions to track instead of segments
- How to maximize reporting for visibility into different pieces of your business, for example, revenue stream, project, or employee
- How you can simplify operations with common references like contract number, event code, or location
- How dimensions in ActivityHD can help you achieve these benefits and more