About Entity Manager
Use
Entity Manager
to set up single entities and then group them for reporting purposes. Its flexibility lets you maintain complex group structures for consolidation purposes. Because the system doesn’t impose any tax rules, an entity can be anything you want to report on (for example, company, trust, partnership, cost center, or group).For each entity, basic information that's common between different types of tax reports can be stored (for example,
Short Name
and Entity ID
). You must set up entities before you import any data and before creating any calculations. You can use the same entities in multiple groups for reporting purposes. For example, the same entity may appear in a tax consolidation group and in a statutory accounts consolidation group.From time to time, your organization will change as entities are acquired, disposed of, or liquidated. When this occurs,
Entity Manager
must be updated to reflect new entities and structures, and it'll keep a history of your structures daily.Related Content
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Manage entities
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