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Application of NAICS Codes on Internal GL

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Question: 
I have a question regarding application of NAICS codes on our bank's internal GL. I understand that NAICS codes apply to businesses and not individuals unless they are a sole proprietorship. If the individual is a real estate investor purchasing 1-4 SFR for investment/lease, does the NAICS code #531110 apply? If so, does it apply if real estate investing is their secondary occupation?
Answer: 

I am sorry, but what does an internal G/L account have to do with a customer?

First published on 12/29/2019

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