6.2 Legal Entity

This step allows you to define one or more Legal Entities for which the service maintains the Management Ledger and perform related functional tasks. For a Legal Entity, a Management Ledger is maintained and is required to provide such information by way of financial reports as a reporting entity. The service supports preparation and maintenance of a hierarchy of Legal Entities, based on which the following information may be captured.

Topic:

• Legal Entity Settings

  Note:

  Maximum levels supported for Legal Entity hierarchy in Balance reconciliation is 5.