Accounting unit template
An accounting unit template is a group of accounting units that you can use again and again as you define your company structure. Accounting unit templates streamline the process of defining accounting units for companies that have a similar structure repeated throughout the organization. You can define up to five levels of accounting units within a template.
Example
LGE is a growing organization and is likely to add more hospitals and clinics to their organization in the future. All of their hospitals have a common accounting unit structure by design. This makes is easy for them to report on information across all hospitals, such as seeing revenue for all outpatient services. They have also used this structure to their advantage by creating an accounting unit template for hospitals that enables them to quickly add new hospitals to their company structure.
Each hospital has a summary accounting unit at level two with five common accounting units beneath: Diagnostics, OB-GYN, Surgery, Internal Medicine, and Outpatient Services. LGE created an accounting unit template to reflect this structure and all of the posting accounts for the accounting units. The next time they add a hospital to their structure, they can apply the template instead of defining each of the individual accounting units again. After applying the accounting unit template, they can assign accounting units that are unique to the hospital.