I’ve recently learned that the hospitality industry frequently uses a standardized COA format referred to as USALI (Uniform System of Accounts for the Lodging Industry). This COA doesn’t appear to take advantage of subaccounts/segments the way I have seen, suggested, and implemented for many years with other clients in a variety of industries to facilitate easy financial reporting with products like FRx, Management Reporter, ARM, Velixo, Jet Reports, etc…
I am hoping someone in the community has worked with this COA before, or better yet implemented it in Acumatica or another ERP, and would be willing to discuss and provide some insights on best practices and lessons learned.
