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Proper Configuration for Legal Entity with 2 branches in different countries

in General Ledger & Intercompany 1 comment

Summary: Client is taking over accounting for IE Legal Entity with 2 branches in different countries.

What is proper configuration? VAT filing requirements are held at Legal Entity (IE) and 1 Branch (FR) does as well. Other Branch (DE) does require any VAT requirements at the moment.

We currently report the branches as departments. For VAT reporting, we would like to change the Branches to Business Units. Does it make sense to create 3 separate Legal Entities under 1 EU ledger? All are reported in EU and converted to USD for consolidation purposes. All share the same calendar and chart of accounts.


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