hi

with in same system when more than one legal business entity are there, that 
time multi company are defined.
e.g. Tata Moters , Tata power are diferent company for Tata. so we can define 
two company for this in system

Each company can have : 

 Different charts of accounts.
 Companies with different fiscal years.
 Companies with different currency.
 Different partners for each company.




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http://www.openobject.com/forum/viewtopic.php?p=34155#34155

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