video1.0<iframe src="https://www.loom.com/embed/0abd7c9acdc54e32b2197c81fa1d1c76" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/0abd7c9acdc54e32b2197c81fa1d1c76-cfd819e229d56973.gif316.76In this video, I walk you through setting up locations within our soft ledger system, which we refer to as entities. We start with the global location, which I renamed to "holding company," and then add subsidiaries like the European and North American operating entities, each reporting in their respective currencies. I emphasize the importance of unique IDs for each entity, as they are crucial for activities like bulk Excel templates. Additionally, I address common questions regarding entity structures and the hierarchy levels, noting that we can go down 10 levels if needed. Please ensure you follow these steps to properly configure your entity structure.