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Calculating data in templates

Looking for best practices on calculating data based on earlier data for templates. I have a customer who wants their CentralAccount to essentially be an incrementing field. The first user entered should be A1000000, then B100001, then c100002, then back to A100004. There are a few ways to accomplish this. I've written a stored procedure that will automatically fetch the next best user name. Not sure if this is the best way to accomplish this. I can use CreateCol to fetch the entire Person table, and iterate, but this is probably really inefficient. Any ideas on how to address this without killing the database?