Before beginning your financial implementation, you must set up the infrastructure for your business organizations.

Use domains and entities to represent related business operations and specific business units for which you want to produce profit and loss statements and financial reports.

Much of the financial data you define (for example, types of banking entry daybook or supplier control account details) is shared throughout the system, and used in many types of transactions by multiple business units. You use shared sets to define the data to be shared. Profiles act as links between the shared set and specific accounts or daybook types.

Setting Up Financial Foundations describes in detail how you set up these foundational elements.