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#1198137 - 06/09/09 07:06 PM NAICS v/s SIC Codes
markp Offline
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Joined: Jan 2007
Posts: 382
New Jersey
Do you all use both when classifying your customers or do you just use one or the other. We use both and it is very difficult to find a consistency with them. We first use the SIC code up to the sub code and then pick up with the NAICS Sector it is at this point that we have two very different types of businesses when you are done. Please let me know what you do.

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#1198220 - 06/09/09 08:04 PM Re: NAICS v/s SIC Codes markp
Bagweaver Offline
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Joined: Nov 2005
Posts: 2,409
SW GA
We use NAICS only.
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#1198230 - 06/09/09 08:11 PM Re: NAICS v/s SIC Codes Bagweaver
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Prior bank - NAICS. Current bank - SIC.
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#1198236 - 06/09/09 08:14 PM Re: NAICS v/s SIC Codes Bagweaver
Miss Banker Offline
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Joined: Feb 2004
Posts: 235
It is my understanding that the SIC system was replaced by NAICS in 1997 and they are no longer updating/revising the SIC system. For this reason we replaced all SIC codes we had on our system with NAICS codes.
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#1198252 - 06/09/09 08:24 PM Re: NAICS v/s SIC Codes Miss Banker
Deena Offline
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Deena
Joined: Nov 2000
Posts: 2,701
PA
Originally Posted By: Miss Banker
It is my understanding that the SIC system was replaced by NAICS in 1997 and they are no longer updating/revising the SIC system. For this reason we replaced all SIC codes we had on our system with NAICS codes.

Us, too.
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#1198273 - 06/09/09 08:33 PM Re: NAICS v/s SIC Codes markp
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
From the web site:

Quote:
NAICS was developed under the auspices of the Office of Management and Budget (OMB), and adopted in 1997 to replace the Standard Industrial Classification (SIC) system.


I suggest you choose between them...
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#1198479 - 06/10/09 12:40 PM Re: NAICS v/s SIC Codes Deena
Sinatra Fan Offline
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Joined: Jul 2002
Posts: 5,568
New Jersey
Originally Posted By: Deena
Originally Posted By: Miss Banker
It is my understanding that the SIC system was replaced by NAICS in 1997 and they are no longer updating/revising the SIC system. For this reason we replaced all SIC codes we had on our system with NAICS codes.

Us, too.


Same here.
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#1198529 - 06/10/09 01:24 PM Re: NAICS v/s SIC Codes Sinatra Fan
JustMe Offline
Junior Member
Joined: Nov 2007
Posts: 49
Ditto...NAICS
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