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.

Field Information

Currencies
Company

company

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.

Standard

standard currency system

( Default value)

Single

single currency system

Dependent

dependent currency system

Independent

independent currency system

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:

  • You cannot select or clear it manually.
  • It is unavailable for standard currency system implementations up to LN 10.2.0.
  • It is enabled for standard currency system implementations from LN 10.2.1 onwards.

  • LN selects this check box after either of the following internal conversions:

    • An internal conversion to the Standard currency system.
    • An internal conversion with the Standard currency system already implemented.
Note: LN allows you to select this check box only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
Reference Currency

reference currency

Note: This field is enabled only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
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.
Note: This field is enabled only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
Currency

local currency

Note: This field is enabled only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
Currency

reporting currency

Note: This field is enabled only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
Translation Method
From Transaction Currency

All foreign currency transactions will be translated from the transaction currency into the reporting currency.

( Default value)

From Local Currency

All foreign currency transactions will be translated from the local currency into the reporting currency.

Not Applicable
Note: This field is enabled only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
Rate Determination Method

Specify one of the rate determination method type.

Allowed values

Adopt Transaction's Exchange Rate Type

You can use the exchange rate type used for the particular transaction (sales, purchase, others) while reporting currency in the various invoices generated for the business partner.

Not Applicable
Own Exchange Rate Type

You can use the exchange rate type used by the organisation for reporting currency to the different invoice to the business partner.

Company's Default

You can use the default exchange rate type used by the financial company for reporting currency to the different invoice to the business partner.

Note: This field is enabled only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
Exchange Rate Type

exchange-rate type

Note: 

This field is enabled only if:

  • The Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
  • Rate Determination Method field is other than Adopt Transaction's Exchange Rate Type
Currency

reporting currency

Note: This field is enabled only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
Rate Determination Method

Specify one of the following:

  • Adopt Transaction's Exchange Rate Type
  • Own Exchange Rate Type
  • Company's Default
Note: This field is only available if Currency System is set to Standard.

Allowed values

  • Adopt Transaction's Exchange Rate Type
  • Own Exchange Rate Type
  • Company's Default
Note: This field is enabled only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
Translation Method

The currency translation method.

Allowed values

From Transaction Currency

All foreign currency transactions will be translated from the transaction currency into the reporting currency.

( Default value)

From Local Currency

All foreign currency transactions will be translated from the local currency into the reporting currency.

Not Applicable
Note: This field is enabled only if the Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
Exchange Rate Type

exchange-rate type

Note: 

This field is enabled only if:

  • The Currency System field is set to Standard and the exchange rates are not defined in the Currency Rates (tcmcs0108m000) session for the current company.
  • Rate Determination Method field is other than Adopt Transaction's Exchange Rate Type
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.

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