Why Hierarchies Are Needed

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Hierarchies are needed for reporting purposes and to organize dimension members. Dimensions define your chart of accounts (COA) structure against which the Planful application stores the monthly summary financial account balances for an organization.

Hierarchies are created for dimensions defined on the Define Financial Segments page (accessed by navigating to Maintenance > Admin > Configuration Tasks). Each dimension is represented as the main level of a hierarchy as shown below.

Note:

Hierarchies support up to 8 levels. If you go beyond 8 levels, you might experience performance issues.

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Types of Hierarchies Explained