An administrative or operating unit of a business group or agency cluster. Characteristics of a division include:

• May print separate or consolidated balance sheets (unlike business unit (branch, department or group) accounting  is restricted to separate income statement reporting).

• Must setup and maintain different bank accounts for each division.

• Can have different fiscal year ends.

If the members of a business group or agency cluster share common bank accounts, they must be set up as one division with multiple branches/departments/groups to separate each entity's income and expenses. Divisional accounting cannot be used.