Legal Entities

Overview

Legal entities represent the organizational units within an engagement that require separate accounting or reporting. These can include:

• Subsidiaries
• Branches
• Regional offices
• Operating divisions

Structure

Each legal entity contains essential information:

• Identification: Unique identifiers and codes

  • Legal Entity ID
  • Legal Entity GUID
  • Legal Entity Code
  • Organization Number

• Basic Information:

  • Legal Entity Name
  • Status (Active/Inactive)

• Location Details:

  • Country Code and Name
  • Address Information
  • City and Postal Code

• Financial Settings:

  • Currency Code and Name
  • Additional Configuration

Usage

Legal entities are fundamental to:

• Organizing financial data
• Managing compliance requirements
• Structuring reporting hierarchies
• Maintaining separate books of accounts

They serve as the foundation for financial consolidation and segregation of business.