Receivables company

A Receivables company contains the rules and values for processing and reporting. You can set up your companies so that they correspond with your organizational structure.

Before you set up a Receivables company, a Global Ledger company and a customer group are required. The customer group specifies default values during company setup.

Transactions such as payments and invoices are unique for each Receivables company. Most of the processing occurs at the company level. Payment application can transcend invoice companies.