1. Using Receivables Credit to Cash
  2. What legal entity is assigned to a transaction?

What legal entity is assigned to a transaction?

The assignment of a legal entity to a transaction follows a specific hierarchy.

This hierarchy is:

  1. Legal entity of the transaction type assigned to the transaction.

  2. Legal entity of the transaction source assigned to the transaction.

  3. Default legal entity assigned to the business unit.

You can update the legal entity assigned to the transaction in the Miscellaneous section of the Create and Edit Transaction pages with any other legal entity associated with the active ledger of the business unit.