how can i create a new subsidiary as a parent?

AI generated answer (using internal Slack threads):

****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** To create a new subsidiary as a parent, you can follow these steps: 1. Create a new subsidiary. This will be your new parent subsidiary. When creating this new subsidiary, the parent subsidiary field will default to your existing subsidiary. This is fine for now, so just fill out all the required fields such as currency and save your new subsidiary. 2. After saving, edit the new subsidiary. You can now blank out the Parent Subsidiary field (a return email address is now required, just fill that out). Then save again. Once saved, the two subsidiaries will automatically switch. Please note that you will need to set the "Allow Subsidiary Hierarchy To Be Modified" value in your General Preferences in order to allow for you to assign the current parent as a child of the new parent. It's recommended to do this in a Sandbox environment first to test and ensure everything works as expected. If your subsidiaries operate in multiple base currencies, there may be consolidated exchange rate implications as well to this.