So what is the problem or limitation that these tags are trying to solve? are there specific use cases where we'd want to use the tags in? The quality of your videos just keeps getting better and better. Thank you!👍
Financial dimensions are part of the general ledger accounting. it means that once posted they cannot be easily modified and require reversing the whole transaction. Financial tags solve a situation where you want the flexibility of modifying tags in a posted transaction, and you do not need these values to be part of your general ledger.
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Wonderful and detailed explanation. Thank you
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Great content!
So what is the problem or limitation that these tags are trying to solve? are there specific use cases where we'd want to use the tags in?
The quality of your videos just keeps getting better and better. Thank you!👍
Financial dimensions are part of the general ledger accounting. it means that once posted they cannot be easily modified and require reversing the whole transaction.
Financial tags solve a situation where you want the flexibility of modifying tags in a posted transaction, and you do not need these values to be part of your general ledger.