Balancing Entity:

Balancing Entity: Represents an accounting entity for which we prepare financial statements. This is a segment in the Accounting Flexfield structure (usually the Company segment) at which all accounting entries must balance. There may be multiple companies within the same structure, and each of these must balance within it. Each legal entity can have one or more balancing entities. We can use Flexfield Value Security rules to restrict data entry of balancing segment values by legal entity or operating unit.