What is legal entity in SAP SRD-CC-CI-BUY - For CI Terminology only?

SAP Term: legal entity

• Component: SRD-CC-CI-BUY

• Component Name: For CI Terminology only

• Description: A body, other than a natural person, that can function legally, sue or be sued, and make decisions through agents.

Smart SAP Assistant

• Key Concepts: 
  A legal entity is a business organization that is legally recognized as a separate entity from its owners. In SAP, a legal entity is a company code that is assigned to a specific business unit. It is used to track financial transactions and other business activities. 
  
  How to use it: 
  In SAP, a legal entity is used to track financial transactions and other business activities. It is assigned to a specific company code and can be used to identify the company’s financial information. The legal entity can also be used to track the company’s assets, liabilities, and equity. 
  
  Tips & Tricks: 
  When setting up a legal entity in SAP, it is important to ensure that all of the necessary information is entered correctly. This includes the company code, the legal name of the company, and any other relevant information. Additionally, it is important to ensure that all of the necessary documents are uploaded into SAP in order for the legal entity to be properly set up. 
  
  Related Information: 
  The legal entity in SAP is closely related to other components such as company codes, cost centers, and profit centers. It is important to understand how these components interact with each other in order to properly manage the financial information of the company. Additionally, understanding how these components interact with each other can help ensure that all of the necessary documents are uploaded into SAP in order for the legal entity to be properly set up.