Multiple chart of accounts
If you plan to have multiple legal entities, each entity can have its own defined chart of accounts, or you can use the same chart of accounts for all or some legal entities.
It's common for large organizations to use the same chart of accounts across multiple companies. You can define company-specific data, such as the default sales tax code, on the main account and then inactivate financial dimension values for a specific company.
The following entities/objects have company-specific data:
Main account
Dimension values
The following elements make up the shared chart of accounts:
Chart of accounts
Main accounts
Account structures
Advanced rules
Financial dimensions
Financial dimension values