to select a functional currency for this
company. The functional currency is used to prepare your company's financial
statements and is also the currency used to maintain your general ledger.
Use this screen to add new companies to a current Costpoint database.
This screen gives you the flexibility to maintain multiple companies in the same database, even though these companies may have different functional currencies or different business rules from the parent company.
Use this screen whenever you wish to add a new company to a current Costpoint database.
Enter a Company ID of up to 10 alphanumeric characters to assign to this new company. This company ID is associated with every transaction, organization, project, reference number, reorganization, employee, and product.
Enter a company name of up to 30 characters in this field.
Use this field to enter the company from which you wish to copy the settings from. The default value for this field is company 1.
Use this group box to specify the time period in which transactions can be made.
Enter, or use the drop-down list to select the starting fiscal year for which you wish to enter transactions.
Enter, or use the drop-down list to select the starting period for which you wish to enter transactions. You can have up to 18 accounting periods per fiscal year.
Use this field to enter the location ID of the IWO (Inter-Company Work Orders) home transfer for this company. The location is used to populate a row in the Maintain Transfer Locations screen in Inter-Company Work Orders and the Project Settings screen in Project Setup in the Projects domain.
This is a required field if you are licensed for either the Consolidations module or the Inter-Company Work Orders module.
If you are licensed for the Consolidations module but not licensed for the Inter-Company Work Orders module, you can set up Home Transfer Locations in the Maintain Transfer Locations (Accounting » Consolidations » Controls) screen.
If you are licensed for the Inter-Company Work Orders module but not licensed for the Consolidations module, you can set up Home Transfer Locations in the Maintain Transfer Locations (Projects » Inter-Company Work Orders » Controls) screen.
Enter the name of the IWO home transfer location in this field. You originally set up the IWO location of the parent company in the Create IWO Allocations screen in Costpoint Inter-Company Work Orders.
Enter, or use to select a functional currency for this
company. The functional currency is used to prepare your company's financial
statements and is also the currency used to maintain your general ledger.
Select this button to access the Taxable Entity subtask.