Objectives

• Create multiple entities

Steps

In cases where a law firm operates in multiple cities or countries, each subject to distinct financial regulations, they have the option to establish separate entities, each with its unique financial settings and configurations.

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You will be directed to the Add New Entity page where you have to configure the new entity.

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The first stage is the Basic Configuration:

There are 6 7 required fields:

1. Entity Name: the name of the entity. For example LEXZUR.
2. Base Currency: specify the currency used for this entity.
3. Fiscal Year Starts On: specify the starting month.
4. Invoice Number Prefix: the constant prefix for the invoice numbers to be used within this entity.
5. Credit Note Number Prefix: the constant prefix for the credit note numbers to be used within this entity.
6. Debit Note Number Prefix: the constant prefix for the debit note numbers to be used within this entity.
7. Tax Rounding Method: Choose between global rounding or per-line rounding.

The rest of the fields are optional.

Once you finish the basic configuration, press Next on the right-bottom of the page to move into the Additional Configuration step.

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In the Additional Configuration step, you have to first add each currency rate with respect to the main currency of your entity (AED in our example ).

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