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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / Company VS/Legal Entity
Finance | Project Operations, Human Resources, ...
Suggested Answer

Company VS/Legal Entity

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Posted on by Community member 1
Hello,
 
Our company is transferring from Dynamics NAV to dynamics Operations. In Dynamics Finance Operations, you can only create legal entity but not a company.
 
Is there any differences between these? In regards to setup, what setup does the legal entities share and what does not?(ex, number of sequences, chart of accounts, etc)
 
Thank you.
 
Best,
 
I have the same question (0)
  • Suggested answer
    André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 300,915 Super User 2025 Season 2 on at
    Hi Amy,
     
    The legal entities in F&O are to be used as companies. It is the same concept. Each legal entity has its own settings for number sequences, link to which CoA and fiscal calendar to use, etc. 
  • Suggested answer
    Hana Xue Profile Picture
    Hana Xue Microsoft Employee on at
    Hi Amy,
    Fundamentally, they are all the same.
    By definition, a “legal entity” is an organization identified by being registered with a legal authority. Legal entities may enter into contracts and be required to prepare statements reporting their performance.
    A company is a type of legal entity. In Microsoft Dynamics 365 for Finance and Operations, a company is the only legal entity you can create, and each legal entity is associated with a company ID.
    For sharing and not sharing, you can refer to this link. And number sequence codes can be shared or specific to a legal entity.
    dynamics365lady.com/2017/11/to-share-or-not-to-share-that-is.html#:~:text=There is a one-to-one relationship between legal entities,values are shared across all linked legal entities.
    Best Regards,
    Hana

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