Assign Financials Business Unit Functions

When you associate Financials business functions to your business unit, you ensure that your transactions are automatically associated with the default legal entity and primary ledger in your enterprise structure.

To do this task, you must have already set up your enterprise structure. The Financials business functions are all required and should not be removed. But you can add more business functions at a later date.

Note: Once you set up the primary ledger, you've set up a chart of accounts. It's recommended that you don't change your primary ledger because each ledger may have different numbers of segments. Changing ledgers may compromise your data.

To assign Financials business functions to your business unit:

1. Sign in as FINUser.

2. In the Setup and Maintenance work area, go to the Assign Business Unit Business Function task:

   • Offering: Financials

   • Functional Area: Organization Structures

   Note that in the Scope column it says Select. This means a business unit hasn't been assigned.

3. Click Select.

4. From the Select Scope dialog box, in Business Unit, select your business unit.

5. Click Apply and Go to Task.

   The Assign Business Unit Functions page appears.

6. In Business Unit Functions, select the Enabled check box for these functions:

   • Payables Invoicing

   • Payables Payment

   • Billing and Revenue Management

   • Customer Payments

   • Collections Management

   These business functions generate financial transactions and require a primary ledger and a default legal entity.

7. In Financial Reporting, make sure these fields have the correct values:

   Field	Value
   Primary Ledger	Use the value you provided when you created your enterprise structure.
   Default Legal Entity	Use the value you provided when you created your enterprise structure.

8. Click Save and Close.