I am trying to sort out the products & services list for my Construction company and the previous bookkeeper gave all the categories numbers rather than names and did not assign numbers to the chart of accounts. I want to fix this, but I am not sure if I should change either. Do I need the numbers in the categories of can I just give them names and assign account numbers to the chart of accounts? Also, on Cost of goods sold there are several subcategories I do not think they are necessary should I remove them?
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