Create accounting entities and assign properties

Steps

1. Open Accounting → Fixed Assets → Asset setup and find Accounting entities. Verify the legal entity and each property’s currency before preparing an inter-property asset transfer.

2. Enter New legal entity name and choose Add entity. Confirm the saved entity in the selector rather than creating a duplicate after an uncertain response.

3. Select Legal entity and the exact Properties to assign, then choose Save property assignments. Setup permission is required at every selected property.

4. Reload setup and inspect the recorded assignments. Common ownership does not perform currency conversion or eliminate due-from/due-to balances in group reports.