Hierarchy - Baseline vs. Current
SummaryPurpose of having 2 version of same hierarchy with different effective date
When our company implemented Fusion Financials over 2 years ago, the consultant instructed us to have 2 versions of hierarchy for company and account. I was told that was used as a qualifier. One version is labeled with Baseline for effective date between 1/1/2006 and 1/2/2006. The other version is labeled with Current for effective date between 1/3/20016 and 12/31/48. Whenever there are changes, we would update and publish both versions. Since we published both versions, they appear in the account inspector. It is confusing to the users having multiple versions.
Would you please help me to understand why we need 2 versions? Do we need to update both versions every time we have changes? Do we need to publish both versions? Please help me to broaden my Fusion knowledge. I read some documents but I don't seem to grasp the concept. Greatly appreciate your input.