Summary
This module focused on how to set up number series and how to create and use source codes and reason codes. Number series are important because they enable the identification of records and make the company more manageable.
You assign number series to accounts, invoices, and other documents to enable the identification of records, make the company more manageable and easier to analyze, and reduce the number of errors that occur in data entry.
Source codes and reason codes give the company a good basis for an audit trail. It also provides documentation for the financial reporting.