Divisions can be used to track two different legal entities in the same instance of the application (in the same data set or database). Divisions allow you to generate both income statements and balance sheets for the individual entities you are processing transactions for.
Divisions also allow the two legal entities to share the same customer, inventory , and other information used during transaction processing.
For two different legal entities to be tracked as divisions in the same copy of the system, the two legal entities.
Must have the same house currency.
Must be able to share the same chart of accounts.
Must use the same accounting year.
Multiple departments can be created for each division.