Assign Legal Entities and Balancing Segments

Optionally, assign legal entities and balancing segments to your accounting configuration.

Assign Legal Entities

Assign one or more legal entities to your accounting configuration by following these steps:

1. In the Setup and Maintenance work area, go to the following:

   • Offering: Financials

   • Functional Area: General Ledger

   • Task: Assign Legal Entities, with the ledger scope set

2. Click the Select and Add icon.

3. Enter your legal entity information.

4. Click Apply.

5. Click Done.

6. Click Save and Close.

Assign Balancing Segments to Legal Entities

Assign balancing segment values to your legal entities by following these steps:

1. In the Setup and Maintenance work area, go to the following:

   • Offering: Financials

   • Functional Area: General Ledger

   • Task: Assign Balancing Segment Values to Legal Entities, with the ledger scope set

2. Click the Create icon.

3. Select the balancing segment value. Optionally, add a start date.

4. Click Save and Close to close the Assign Company Values window.

5. Click Save and Close.

Assign Balancing Segments to Ledgers

Assign balancing segment values directly to your ledger by following these steps:

1. In the Setup and Maintenance work area, go to the following:

   • Offering: Financials

   • Functional Area: General Ledger

   • Task: Assign Balancing Segment Value to Ledger, with the ledger scope set

2. Select the balancing segment value.

3. Optionally enter a start date.

4. Click Save and Close.

Note: The balancing segment values that are assigned to the ledger represent nonlegal entity transactions, such as adjustments. If you use legal entities, you must assign balancing segment values to all legal entities before assigning values to the ledger. The only available balancing segment values that can be assigned to ledgers are those not assigned to legal entities.