What is reporting entity in SAP LOD-LH-ACR - Advance Compliance Reporting Service?

SAP Term: reporting entity

• Component: LOD-LH-ACR

• Component Name: Advance Compliance Reporting Service

• Description: The legal entity that is obliged to submit certain compliance reports. In SAP Document and Reporting Compliance service, customers configure reporting entities to generate certain compliance reports for a certain set of reporting levels.

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• Key Concepts: 
  A reporting entity is a legal entity that is required to report financial information to a regulatory body. In the context of SAP's LOD-LH-ACR Advance Compliance Reporting Service, a reporting entity is an organization that is required to submit financial reports to a regulatory body. 
  
  How to use it: 
  The LOD-LH-ACR Advance Compliance Reporting Service allows organizations to easily create and submit financial reports to regulatory bodies. Organizations can set up reporting entities in the system, which will enable them to generate and submit reports for each entity. 
  
  Tips & Tricks: 
  When setting up reporting entities in the LOD-LH-ACR Advance Compliance Reporting Service, it is important to ensure that all necessary information is included. This includes the name of the entity, its address, and any other relevant information that may be required by the regulatory body. 
  
  Related Information: 
  The LOD-LH-ACR Advance Compliance Reporting Service also provides organizations with the ability to track and monitor their financial reports. This allows organizations to ensure that their reports are accurate and up-to-date, as well as providing them with insights into their financial performance.