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How do I configure my new legal entity?
When logging into Occupier, you may encounter a message stating:
"Missing Information – New legal entities are missing critical reporting."
This occurs when a new legal entity has been added as a lessee in Lease Administration but hasn't been properly consolidated with its parent entity or set up with the necessary reporting details.
How to Fix This
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Click "Configure" on the right side of the message.
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Based on the situation, you will be prompted with one of two scenarios:
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Scenario 1: A Single Entity Needs Configuration
- You will be taken to the entity that requires setup.
- Click "Configure".
- Choose whether to consolidate with the parent or manually configure by selecting an accounting standard and reporting currency.
- Click "Submit" to finalize the update.
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Scenario 2: Multiple Entities Require Configuration
- You will see a list of all legal entities.
- Next to each new entity, you will find "Configuration required".
- Click the three dots (⋮) on the right, then select "Edit" to update each entity accordingly.
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By completing these steps, you ensure accurate reporting and compliance for all entities within Occupier.