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Need recommendation of enterprise structure for 2 separated businesses under one legal company

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edited Feb 17, 2021 4:01PM in Financials – General 2 comments

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Hi Guru,

customer has one company (one legal entity) with 2 separated businesses. People are also totally separated for these 2 businesses. The only relationship is they are under one registered company. Customer wants totally separated priviledges including General Ledger between these 2 business. Should each business be modeled as Business Unit (no total separation in GL), or virtual Legal Entity (better accounting separation), or even different ledger? Has anyone dealt with the similar requirement? What's the pros and cons?

Thanks!

Leander Chen

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