6.2.1 Legal Entity Settings

Use the Legal Entity Settings to set up the Reporting Currency.
To set up the Reporting Currency, follow these steps:
  1. To navigate to Legal Entity Settings, on the Home page, click Administration, and click Legal Entity. The Legal Entity Settings page is displayed.
  2. On the Legal Entity page, all available Legal Entities are listed on the left hand side. To set up the Reporting Currency and the Fiscal Year for a Legal Entity, select the required Legal Entity, and do the following:
    • Set the fiscal period to open for posting entries by disabling or closed for posting entries by enabling the Locked? option. An open posting period is when the selected posting period is set to open and the other posting periods stay closed.
    • Set the Reporting Currency to the required standard. This Reporting Currency is used during the Execution Process in Process Orchestration.
  3. Click Save to save the Legal Entity settings.