What will happen if I won't maintain account modifier?

Question

Accepted Answer

Not maintaining account modifier can lead to incorrect financial reporting and accounting errors.

Account modifier is used to differentiate between different types of transactions in financial reporting.
If not maintained, it can lead to incorrect financial statements and accounting errors.
For example, if a company has multiple revenue streams, not maintaining account modifier can lead to revenue from different streams being reported together, leading to incorrect financial analysis.
Similarly, not maintaining account modifier for expenses can lead to incorrect expense analysis and budgeting.
Overall, maintaining account modifier is crucial for accurate financial reporting and analysis.

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