Domains
The domain represents the base unit of the system and comprises one or more entities. You can have multiple domains per database and can log on to another domain from within the application, provided you are an authorized user for the domain.
For more information on users and security, see
QAD Security and Controls User Guide.
An initial system domain and entity are automatically created during installation. You define a base currency for each domain, which is then the base currency for each entity within the domain. Optionally, you can also define a statutory currency for the domain.
Entities
An entity is an independent financial unit within a domain, and is used to generate financial reporting of a business unit (for example, a legal entity or autonomous branch or operation). Create entities within the domain for the organizations and entities your system requires. For example, create an entity for the headquarters of an international organization, and then entities for each subsidiary. You can perform intercompany accounting and consolidation within this structure, and produce balance sheets and income statements both for the individual entity and for the whole organization.
Each entity is associated with a business relation, which contains contact, address, and other default entity information.
For more information on entities, see
Setting Up Entities.