Creating business units

An application administrator can set up new business units.

1. Go to Portfolio > Organizations.
2. On the Hierarchy panel, click Organizations (root node), click New and click My Company.
3. On the My Company form, enter the Name in the General section and other information in the Details and Address sections.
4. In the Lease Accounting section, select Accounting Calendar.
   The predefined calendar called Standard Calendar is available by default. The root nodes for 4-4-5 and 4-5-4 Fiscal Calendar Year are available and can be used by adding fiscal periods under them. To create accounting calendars, see Creating accounting calendars.
5. Select the Functional Currency for the business unit.
6. Click Create Draft and then click Activate.