Setting Up Financial Management › Entities › How to Set Up Financial Entities

How to Set Up Financial Entities

Financial setup requires input from your IT or corporate finance department and must accurately reflect how investment costs are tracked.

The following is the recommended order of tasks for setting up an entity:

1. Create an OBS type for a financial department and for a financial location.

   See the Administration Guide for more information.

2. Create an entity and associate it with the department OBS and location OBS.
3. Create fiscal time periods.
4. Create departments for the entity.
5. Create locations and assign them to the entity.
6. Associate departments with locations.
7. Define the financial cost/rate matrix.
8. Define financial classes.
9. Define entity home currency and currency defaults

More information:

Edit Entities