Organization TabUse the Organization tab to create a new organization or modify certain properties of an existing one.
The Organization tab contains the organization's name and information about the following properties:
base currencies
item set
company set
GL clearing account
status
You define other properties of the organization using the Addresses and Sites tabs. You use the Select Action menu to specify organization- and site-level defaults for applications.
Note: When you implement the system, before you can create your first organization, you must define at least one currency code, one item set, and one company set.
Organizations (SP) Application