Legal Entity

The legal entity is the company for which you operate the accounting. A legal entity can have multiple accounting systems.

Creating Legal Entities

1. In FintechOS Portal, click the main menu > General Ledger Configurations > Legal Entity An association, corporation, partnership, proprietorship, trust, or individual that has legal standing in the eyes of law. A legal entity has legal capacity to enter into agreements or contracts, assume obligations, incur and pay debts, sue and be sued in its own right, and to be held responsible for its actions. menu item to open the Legal Entities List page.

2. Click the Insert button to create a new legal entity. The Add Legal Entity page opens.

3. Fill in the following fields:

   

   • Name: Enter the name of the entity.

   • Status: Select the status of the entity. Select from the following statuses or create a new one: Draft or Active.

   • Valid From Date: Enter the date from which the entity is valid.

   • Valid Until Date: Enter the date from which the entity is no longer valid.

4. Click the Save and reload button. The Legal Entity Accounting Systems section is displayed.