Creating a Business Unit

The re:Members AMS Business Unit (BU) contains core accounting information and setups, including accounts, fiscal year, allowed payment methods, and more. This is where all key accounting information in your system is configured. Once this is in place, everything else related to accounting can begin to be configured.

Information in the BU must be set up before products can be configured or purchases made.

To create a new business unit:

1. Navigate to the Accounting App > Setup.

2. In Setup, select the Business Units menu option.

3. Click the Add New Business Unit button.

4. In the Add New Business Unit form (required fields are flagged with an asterisk):

   • Enter a Code and Name.

   • Provide a Description, if desired.

   • Choose the Currency to be associated with the Business Unit.

     Note: Each business unit can be configured for only one type of currency. If multiple currency types are required, multiple business units must be created.

Once the business unit has been created, open the Business Unit Record and set up the following information:

• GL Accounts
• Payment Methods
• Fiscal Years

Using Multiple Business Units

The system can be configured with one or more business units, depending on an association's requirements. Possible scenarios which may necessitate multiple business units include:

• Having a foundation, association, and/or services group with different accounts for each.

• Business units with different tax requirements.

• Using multiple different currencies.

• Chapters can ave separate business units.