Organizations are companies, divisions, departments, or business units, in one or more
locations, practicing one or more disciplines.
Vision
Organization Reporting allows management to define and closely monitor each individual
organization.
Organizations incur expenses or generate revenue for a larger company.
Reasons to Use Organizations
When you use Vision organizations you can:
-
Create a separate General Ledger for each organization.
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Create separate financial statements for each organization.
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Create separate accounting and project reports for each organization.
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Distribute corporate overhead to individual organizations on an assignment or proration basis.
Structure of Codes
During the installation of
Vision, you establish the number of levels your company will use in all
organization codes, the delimiter to use between levels, and the length of each level.
You can have up to a five-level
organization code structure, with a total length of 14 characters, including a user-defined delimiter to separate each level for entry and reporting purposes.
The values at a lower level are not specific to the parent value. For example, if level 1 represents
Office and Level 2 represents
Department, then department
R&D can exist for multiple offices.