3.4.2.1 Legal Entity

The Legal Entity setup is used to define the reporting currency and specify the fiscal period for posting entries. You can configure one or more Legal Entities for which the service maintains the Management Ledger and performs related financial tasks.For each Legal Entity, a Management Ledger is maintained to generate financial reports as part of the reporting process. The service also supports a hierarchical structure of Legal Entities, enabling the capture and organization of financial data accordingly.

• Legal Entity Settings

  Note:

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