Companies (tcemm1170m000)Use this session to maintain the enterprise modeling data of the companies, which includes the company's type and currency system. Before you can use this session, you must enter the company's logistic data in the General Company Data (tccom0102s000) session.
Currencies Company A working environment in which you can carry out logistic or financial transactions. All the transaction data is stored in the company's database. Depending on the type of data that the company controls, the company is:
In a multicompany structure, some of the database tables can be unique for the company and the company can share other database tables with other companies. Description The description or name of the company. Company Type The company type reflects the type of data that the company controls and the types of processing for which you use the company. Currency System The company's currency system. The currency system defines how amounts are calculated and registered. Note All companies of a multicompany structure must use the same currency system. Use Multiple Functional Currencies If this check box is selected, you can record transactions in more than one functional currency. Note For this check box the following applies:
Reference Currency The currency in which balances of entities shared by all the companies of a financial company group are expressed. For example, LN uses the reference currency for business partner balances. Note
Transition Currency The euro currency that you defined in the Currencies (tcmcs0102m000) session. LN uses the Euro currency in several processes in the Cash Management module. Allowed values You cannot select a currency that is marked as an EMU currency in the Currencies (tcmcs0102m000) session. Note If this currency is used to create the Clieop3 payment files, you must use the currency codes according to the ISO standards. Currency The currency of the country in which the company is located. Otherwise, the currency in which you report to the local tax authorities. In a multicurrency situation, you can use three home currencies. The three home currencies that you can define for a company are:
Currency One of the companies' home currencies that you, for example, use to report financial results to management. In a multicurrency situation, you can use three home currencies. You can define the following three home currencies for a company:
Translation Method Rate Determination Method Specify one of the rate determination method type. Allowed values Note This field is only available if Currency System is set to Standard. Exchange Rate Type A way to group currency exchange rates. You can assign different currency exchange rates to different invoice-to business partners and/or to different types of transactions (purchase, sales, and so on). Currency One of the companies' home currencies that you, for example, use to report financial results to management. In a multicurrency situation, you can use three home currencies. You can define the following three home currencies for a company:
Rate Determination Method Specify one of the following:
Note This field is only available if Currency System is set to Standard. Allowed values
Translation Method The currency translation method. Allowed values Exchange Rate Type A way to group currency exchange rates. You can assign different currency exchange rates to different invoice-to business partners and/or to different types of transactions (purchase, sales, and so on). Exchange Rate Type Purchase The exchange rate type used to convert purchase transaction amounts to the company's home currency or home currencies. If you use a multicompany structure, you must select the same default purchase exchange-rate type for each company. Sales The exchange rate type used to convert sales transaction amounts to the company's home currency or home currencies. If you use a multicompany structure, you must select the same default sales exchange-rate type for each company. Internal The exchange rate type that LN uses for internal calculations and to convert amounts from the reference currency into the other home currencies. If you use a multicompany structure, you must select the same default internal exchange-rate type for each company. External The exchange rate type that you can select for external reports such as the European sales listing the Intrastat report. For example, you can use the external exchange rate type to define the rates used by the central bank of your country or state. Calendar Time Zone The company's time zone. For companies of type Financial and Both you must select a time zone. LN uses the financial company's time zone to post transactions with the correct dates and to convert amounts with the currency exchange rates that are valid at the transaction dates. Calendar The calendar code and availability type combination by which the calendar working hours are defined. Note Separate calendars can be defined for specific activities. For example a calendar for each work center or production department t.
| |||