Use this activity to specify detailed company information. Some of this information is mandatory in order to create a company.
Specify the calendar creation method for the company. Depending on the method that you select the fixed asset calendar will also be created identically. If the Source/Template option is selected then the calendar will be created based on an existing company template or company. Else if you want to create the company calendar based on your requirement select the User Defined option.
Use Voucher Number Series Per Period
The Use Voucher Number Series Per Period option must be enabled
if the voucher number series should be defined per period. By default, the check
box is not selected, which means that the voucher series are defined per year.
You cannot modify this option value in the Company/Accounting
Rules tab.
Accounting currency defines the base currency of the company. All financial transactions will have credit or debit amounts in this currency. The accounting currency must be specified.
This signifies the date from which the company and related basic data will be valid. One example is the chart of accounts that will be valid from this date.
Optionally, you can specify a currency to serve as a parallel base currency. If specified, all financial transactions will have credit or debit amounts calculated in this currency.
Parallel Currency Base
The currency base used to calculate amounts in parallel currency for the company. If Transaction Currency is selected, parallel currency amounts are calculated based on the currency in which the relevant transactions are carried out. If Accounting Currency is selected, parallel currency amounts are calculated based on the currency entered as the company's accounting currency.
Specify the default language for the company. The specified language has no impact on the IFS/Enterprise component but is used by other company related components in IFS if no other language code is available. The value list consists of active ISO languages (see ISO Code Usage). The default language must be specified.
Specify the country for the company. The specified country will be set as
the default country for each address entry in the
Address tab in the
Company window. The
country code is also important for functionality related to IFS/Invoicing and
IFS/Payment.
The value list consists of active ISO countries (see Application
Services/Manager/ISO Code Usage).
The country must be specified.
- Currency Rate Type 1 and 2 will be created.
- Currency rates for rate type 1 will be defined and will contain rates for the base currency, with the base currency as reference currency.
- Currency rates for rate type 2 will be defined and will contain rates for the EUR currency, with EUR as the reference currency.
- Only currency rate type 2 will be created.
- Currency rates for rate type 2 will be defined and will contain rates for the EUR currency, with EUR as the reference currency.
- Currency Rate Type 1, 2 and 3 will be created if the parallel currency base is set to Transaction Currency. Currency Rate Type 3 is created with Rate Type Category Parallel Currency. Currency rates for the rate type 3 will be defined and will contain rates for the parallel currency, with parallel currency as the reference currency.
- Currency Rate Type 1 and 2 will be created if the parallel currency base is set to Accounting Currency.