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Multiple Company Codes for 1 Legal Entiy

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Is there any reason why this is not possible

Legal entity having multiple company codes - major reason is due to the business being managed at site of profit centre level therefore we need the AR ability send statements, assign credit limit & credit controllers, dunning ect and profit center level

Also could 1 chart of accounts be assigned to the multiple company codes?

Tax reporting etc could still be performed at legal entity level by including multiple company codes in the report ?

(multi company codes would all have same currency ETC)

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