This activity is the first step to be performed when creating a new company. The following must be specified:
Company ID
This is the identification code of the company. The
length of the ID can be up to 20 characters.
Company Name
This is the name or description of the company.
Create as Template Company
A company is by default created as non-template
company. It is, however, possible to define the company as a template company,
meaning that vouchers cannot be created in this company. The main reason for
creating a template company is to be able to use the Application to define a
suitable and consistent company setup that can serve as source for the creation
of a company template or for the creation of new companies.
Master Company for Group Consolidation
A company is by default
created as non-master company. However, it is possible to define the company
as a master company for the Group Consolidation process. In such a company,
rules for consolidation can be defined and balances from other companies can
be consolidated. Note that it is not possible to use the Parallel Currency functionality
in a company defined as a master company.
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