In this section, you will learn how to set up financial foundations based on specific business requirements. You will also learn how certain financial configurations impact business operations.

This section describes how to set up a new entity (company), and all of the data elements linked to an entity.

The first step is to determine the financial structure to set up, such as the number of domains and entities required, the tax setup, and how to share data. When this step is complete, you can set up domains and entities, and roll out the security model.

We will review the financial structure setup steps in detail, and follow up with an exercise.