Accounting Setup Manager
The setup for a set of books has now changed dramatically. The set of books has been renamed to
Ledgers, and the method to set up a ledger has been now been changed to a
Before we get into details of how we use the Accounting Setup Manager (ASM) we should review a new data element that has been around since the implementation of E-Business Suite, but has now gained an importance and prominence in the setup process.
The legal entity is now an integral part in the transactional setup in E-Business Suite and has become important in the ledger creation process.
You have to define a legal entity before you start creating a ledger in the Accounting Setup Manager. The legal entity owns all the transactions in the ...