Differance between financial dimension and company

Dear All

Good Morning

Can you please check below query and suggest us which is best option.

 

Query:  we are setting a new branch at free zone area, we are already using Ax2009 Aplication. now for this new brach which is better option eaither  creating new financial dimension in existing legal entity (as a division), or creating as a new company. since we already using Ax2009 exist with 2 legal entities

 

 Also we need to consolidate this new division books of accounts and other legal entities bookas of accounts

 

Therefore, we need  to know that, how division (creating financial dimension as a division)is better option than creating new company, also we need to know what are advantages and disadvantages in both the cases (financial dimension or new company)

Please check and let us know your guide lines on this

 

Best Regards

Mani

 

 

  • If you have not already post it as a question, but simply put "Is it a separate legal entity or a reporting element" if legally it is separate and needs separate reporting, invoicing etc. then it is a company, if it is a division you would not have it as a separate legal entity - sit with the customer and discuss it.
  • In reply to AdamRoue:

    Dear Adam

    Thank you for the below

    Just i need to know which is the best option eaither division or company and how company is best option than division

    since client needs to know this so we seeking suggestions on this


    Best Regards
    MANI
  • In reply to siddu:

    There is no best option - both options are appropriate depending upon what is required.
  • In reply to AdamRoue:

    Dear Adam

    Thank you so much for your reply

    Same way can you please let us know in what are the areas company is best option than division and if we create as a division is there are any challange while doing consolidation of this division

    Appreciate you time and support


    Best Regards
    MANI
Related
Recommended