Entities overview

In a multi-site environment, you can specify a hierarchy of financial entities that operating sites report to. A financial entity is a level of business operation with these components:

• A complete set of financial statements
• Its own domestic currency code, which must be shared by sites that report to it, and its own currency rates, which may or may not be shared by reporting sites/entities
• Its own chart of accounts and accounting periods, which must be shared by reporting sites. (Reporting entities do not have to share these characteristics with a higher-level entity.)

Each entity allows no business activity aside from period, chart and currency maintenance, and the reporting of its consolidated ledger and budgets.

If ledger detail is replicated to the entity from the sites, you may be able to "drill down" to view detail down to the level of the originating transaction. (This assumes that any other categories required for the transaction-level detail are also being replicated. However, having this level of G/L and other transaction detail replicated to the entity often does not make sense from a performance standpoint.) Otherwise, you must log into the specific site in order to view the transaction detail.