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Buy nowNo. We're a class 4 library (single location but and have been using QB for at least 17 years. At FYE 2022, the State of Michigan, Dept of Treasury is requiring all governmental units to use their uniform chart of accounts.
https://www.michigan.gov/documents/uniformchart_24524_7.PDF.
There is a long discussion of this change here:
https://www.youtube.com/watch?v=LGJAYL3xdyk
The standard format will be a 9-digit account code:
FUND - ACTIVITY . ACCOUNT - - and you can point off this format as needed
F F F - A A A . # # #
We must make the change by 10/01/2022. I'm struggling with converting reports to the new numbers and trying to keep the ability to look at historical data.