Specifying basic financial data

In each company of type Financial or Both, you must enter the basic financial data before you can define the financial master data. For example, the basic financial data includes the fiscal year and the number of financial periods in the fiscal year.

The companies of a multicompany structure must share much of the basic financial data. Therefore, you do not need to specify this data in every company.

Companies of type Logistic that are integrated with a financial company must share the basic financial data with the financial company.

Group company

In a multifinancial company structure, one financial company must be the financial group company. You must specify some basic financial data in the Group Company Parameters (tfgld0501m000) session. The financial companies of a group share the financial group company data. For more information about a group company, refer to the "Financial group company" section in the "Multicompany Structures" chapter in the User’s Guide for Multicompany Structures (U9504 US).

To specify the basic financial data:

Change the company to the company in which you want to specify the data. To change company, on the More menu, point to LN Options, and then click Change Company.
Note: If the company shares the data with a company for which you have already specified the data, the data is already present. In this case, you can skip the corresponding steps.
Define the current fiscal year in the Periods (tfgld0105m000) session. Take these steps:
1. Click New Group.
2. In the Period Type field, specify Fiscal.
3. Specify the year, for example, 2014.
4. From the appropriate menu, select End Dates by Fiscal Year.
5. Specify the end dates of the fiscal year and the related tax year.
Note: Later, you will use this session again to define the financial periods for fiscal transactions, reporting transactions, and tax-related transactions.
In each financial company, specify the group company and the history company in the Company Parameters (tfgld0503m000) session. You must link a history company (archive company) to each financial company.

If you use only one financial company, the group company matches the current company.

At this point, you can only specify the group company and the history company. Later, you must run this session again to enter the company's accounting office and the ledger accounts for the various purposes.
Specify the dimensions and the number of financial periods that you want to use in the Group Company Parameters (tfgld0501m000) session.

In a single financial-company structure, the financial company is its own group company. You must still enter the data in the Group Company Parameters (tfgld0101s000) session.

All financial companies of the group use the dimensions that you define for the group company. You can use up to twelve dimensions to analyze your costs from various perspectives.

LN uses the financial periods to group the financial transactions. In the Group Company Parameters (tfgld0501m000) session, you must define the number of periods in a year. For example, you can have 52 (weekly) reporting periods, 12 (monthly) financial periods, and four (quarterly) tax periods. All financial companies of the group use the financial periods that you define for the group company.
Define the end dates of specific periods in a fiscal year in the Periods (tfgld0105m000) session. Specify the end dates for as many periods as you specified in the Group Company Parameters (tfgld0501m000) session.
Define to which periods you can post transactions in the Period Status (tfgld0107m000) session in each financial company. You can specify the status of each period separately for the various LN Financials modules, such as Accounts Payable and Accounts Receivable.

Note:

In the Period Status (tfgld0107m000) session, you can add the periods automatically:

Select the period type and year.
Click Insert. LN asks whether you want to insert all periods automatically.
Click Yes.