Do you manage multiple divisions, like tracking categories, analysis codes, or projects? Segments on Syft can help.

Segments allow you to create individual entities for specific divisions. This gives you greater control over permissions, ensuring the right people access the right data. It also lets you use all of Syft's features at a divisional level.

To create a segment:

Once you've added a segment, navigate to the segment's name in the entity drop-down on the left-hand side of your screen (as shown above). From there, you can choose which division to use as the basis for your segment entity by doing the following:

Segments inherit their reporting currency and financial year end from the parent entity, but you can change the reporting currency in the entity options.

When you configure a segment's layout and chart of accounts, Syft only includes accounts that have transactions allocated to the relevant divisions. Keep this in mind when creating budgets and forecasts, as some accounts from the parent entity may not be available.

If you allocate new accounts to a division in your accounting provider, they'll appear in your segment after a refresh.

You can add segment entities to a consolidation for deeper financial analysis. You have the flexibility to combine data for common divisions from different entities, or to segment an entity completely and then reconsolidate all of the segments to mirror the parent entity.

If you want to learn more, reach out to your account manager to discuss new reporting and analytical opportunities.