A branch is an entity that is part of your company. Branch designations in the system provide the structure used to maintain accuracy and detail throughout the system. The system uses branch designations in the following ways:
Control maintenance records set up by branch. For example, RF may be enabled at one warehouse but not at any other warehouse.
Each customer, vendor, and user is assigned a home branch for pricing, accounting, reporting, and tracking purposes.
Accounting branch designations provide accuracy for A/P, A/R, and reports. General ledger postings are identified by branch. For example, in your general ledger, you may want to differentiate between A/R collected from your different branches.
Pricing is assigned according to branch or location. For example, items purchased from Branch 10, located on an island community, may be priced higher than items purchased from Branch 1 on the mainland.
Tax jurisdictions are assigned according to the geographic location of a branch.
A territory is a name given to a group of branches. It is much easier to maintain branches within territories because you can set branch-specific pricing, product, or entity parameters for multiple branches at a time, rather than spending hours changing parameters for each branch.
Your branches can reside in more than one territory, depending on how you organize your company. For example, you can organize branches in territories according to geographic location, what products you sell at each branch, or branch functionality, such as pricing or shipping. Territories are prioritized so that the system knows what branch-specific setting to use for reports and transactions. Territory priorities create the branch hierarchy, which allows you to define branch-specific settings at the territory level throughout the system.
See Also:
Setup Requirements for Branch and Territory Maintenance