Understanding Organization Setup
Before you use the JD Edwards EnterpriseOne General Accounting system, you must set up the basic structure of your organization, which includes:
Fiscal date patterns
Fiscal date patterns represent the beginning date for your company's fiscal year and the ending date for each period in that year. You can set up a different fiscal date pattern for each company in your organization. You must set up fiscal date patterns before setting up your companies.
Companies
Companies are organizational entities that require a balance sheet. Setting up companies involves entering information such as a company name, a fiscal date pattern for the company, and a beginning date for the fiscal year.
Business units
Business units are part of the basic account structure in the JD Edwards EnterpriseOne General Accounting system. They are the lowest reporting level within your organization at which you need to account for assets, liabilities, equity, revenue, and expenses.