Define Financials Basics

The Define Financials Basics process is used to enter/check all basic information that is needed before IFS Financials is put into operation.

The process requires that a company is created according to the information in the main process Define System Basics. When a company is created, a set of default data is created, depending on the installed components. The default data must be checked before the system is put into operation!

The main process Define Financial Basics is divided into the following processes:

Set Up Basic Data Accounting Rules
Set Up Basic Data Fixed Assets Accounting
Set Up Basic Data Financial Analysis
Set Up Basic Data Accounts Receivable
Set Up Basic Data Accounts Payable
Set Up Basic Data Cash Flow Analysis
Set Up Basic Data Customer Credit Management
Set Up Basic Data Mixed Payment
Set Up Basic Data Period Reconciliation
Set Up Basic Data Journal Entry
Set Up Basic Data Updating Routine