Defining a company

The company is the highest organizational element in the General Ledger application. It can represent any business or legal entity of an organization, such as a corporation, holding company, division, or region. You can assign a chart of accounts, base operating currency, fiscal calendar, and optional security safeguards to a company. See the General Ledger User Guide.

Before you define your company, you must define your chart of accounts. You must also review your options and determine the number of companies that you require.