Finance Company Parameters (tfgld0503m000)
This session contains:
- A history list of parameter sets and their effective dates.
- The current parameter set, at the top of the list, without an effective date.
To view historical settings, double-click one of the historical parameter sets.
To view or change the current parameter settings, double-click the set without an effective date that appears at the top of the list. The Finance Company Parameters (tfgld0503m000) details session starts.
If you make changes and save the new parameter set, LN performs the following actions:
- Adds the new set to the history list.
- Updates the current set at the top of the list.
Field Information
- General
-
- Effective Date
-
The date and time that the parameters are valid. The parameters are valid up to the effective date of a more recent parameter setting.
- Company Data
-
- Group Company
-
The group company to which the company belongs.
- Actual Budget
-
The budget to be used as default when comparing the actual figures and the budgeted figures.
Default budget
The actual budget is used as the default in several sessions in the Financial Budgeting System and Cost Accounting modules.
All deviations between actual and budgeted figures are, for example, automatically calculated for the budget.
- Current Fiscal Year
-
The current fiscal year.
Allowed values
You only need to enter this field when you start using LN. Thereafter, LN automatically increments the year, after it is closed.
- Accounting Department
-
The accounting department of the current financial company.
- Finalization Data
-
- Default Access by Batch
-
Specify who can access a batch.
- Finalization by Administrator
-
If this check box is selected, users designated as Finalization Super User in the Finalization Administrators (tfgld0125m000) session, can finalize batches.
- Print Journal Report
-
If this check box is selected, LN prints a journal report when transactions are finalized in a Financials session.
Note: If no report options are selected and an error occurs, only an error report will be printed during finalization. - Print Batch Status Report
-
If this check box is selected, LN prints a status report when transactions are finalized in a Financials session.
Note: If no report options are selected and an error occurs, only an error report will be printed during finalization. - Print Ledger Account Totals Report
-
If this check box is selected, LN prints a report with ledger account totals when transactions are finalized in a Financials session.
Note: If no report options are selected and an error occurs, only an error report will be printed during finalization.
- Reversal
-
- Reversal Transaction Type
-
The transaction type for reversal transactions.
- Reversal Series
-
The series number for reversal transactions.
- Currency Diff.
-
- Ledger Accounts Currency Differences by Currency
-
If this check box is cleared, and the Ledger Accounts by Target Account Group check box is cleared, define profit and loss accounts for the currency differences in any currency.
If this check box is selected, you must define the ledger accounts for each currency in the Currency Difference Ledger Accounts by Currency (tfgld0119s000) session and Ledger Accounts by Target Account Group check box is cleared automatically.
Note:Currency differences that occur for business partner transactions are always posted to the ledger accounts that you defined for the financial business partner groups in the following sessions:
- Financial Business Partner Groups (tfacp0110m000) in Accounts Payable
- Financial Business Partner Groups (tfacr0110m000) in Accounts Receivable
- Ledger Accounts by Target Account Group
-
If this check box is selected, gain and loss accounts can be setup by currency difference group specified in Currency Difference Groups (tfgld0195m000) session and Ledger Accounts Currency Differences by Currency check box is cleared automatically.
If this check box is cleared, and the Ledger Accounts Currency Differences by Currency is also cleared, profit and loss accounts for the currency differences can be defined in any currency.
- Calculate Currency Difference if Non-Finalized Transactions exist
-
if this check box is cleared, before LN write off currency differences, all non-finalized transactions within the selected period must be finalized in the Write Off Currency Differences (tfacp2240m000), Write Off Currency Differences (tfacr2250m000) and Calculate Currency Differences (tfgld5201m000) sessions. If this checkbox is selected, LN can write off the currency differences (including non-finalized transactions) for the selected period.
- Profit Account
-
- Ledger Account
-
The ledger account for the currency difference results.
Allowed values
Select a ledger account for which:
- The type is Balance Sheet or Profit & Loss.
- The sublevel is zero (0).
- In the Chart of Accounts (tfgld0508m000) session, the Fixed Asset Integration field and the Operations Management Integration field are both set to Not Applicable and the Integration Account check box is cleared.
- The account is not used as a control account.
- Dimension
- Loss Account
-
- Ledger Account
-
The ledger account for the currency difference losses.
Allowed values
Select a ledger account for which:
- The type is Balance Sheet or Profit & Loss.
- The sublevel is zero (0).
- In the Chart of Accounts (tfgld0508m000) session, the Fixed Asset Integration field and the Operations Management Integration field are both set to Not Applicable and the Integration Account check box is cleared.
- The account is not used as a control account.
- Dimension
- Transaction Type
-
The transaction type for the currency difference postings.
Allowed values
Select a Journal Vouchers transaction type.
These postings are in the Calculate Currency Differences (tfgld5201m000) session.
- Description
-
The description of the transaction type.
- Currency Differences FIFO
-
- Profit Account
-
- Currency Difference FIFO Profit Account
- The code of the
ledger account for the currency difference
profits for the FIFO method.Note: Select a ledger account for which:
- The type is Balance Sheet or Profit & Loss.
- The sublevel is zero (0).
- In the Chart of Accounts (tfgld0508m000) session, the Fixed Asset Integration field and the Operations Management Integration field are both set to Not Applicable and the Integration Account check box is cleared.
- The account is not used as a control account.
For more information, refer to Currency differences.
The currency difference calculation is applicable for the FIFO calculation method only if the Hungary and Poland check boxes are selected in the Implemented Software Components (tccom0100s000) session.
- Dimension 1
- The code of the dimension associated with the ledger account.
- Loss Account
-
- Currency Difference FIFO Loss Account
- The code of the
ledger account for the currency difference
losses for the FIFO method.Note: Select a ledger account for which:
- The type is Balance Sheet or Profit & Loss.
- The sublevel is zero (0).
- In the Chart of Accounts (tfgld0508m000) session, the Fixed Asset Integration field and the Operations Management Integration field are both set to Not Applicable and the Integration Account check box is cleared.
- The account is not used as a control account.
For more information, refer to Currency differences.
The currency difference calculation is applicable for the FIFO calculation method only if the Hungary and Poland check boxes are selected in the Implemented Software Components (tccom0100s000) session.
- Dimension 1
- The code of the dimension associated with the ledger account.
- Currency Difference FIFO Transaction Type
- The code of the transaction
type that is used for the currency difference postings related
to FIFO method.
The currency difference calculation is applicable for the FIFO calculation method only if the Hungary and Poland check boxes are selected in the Implemented Software Components (tccom0100s000) session.
- Interim Accounts
-
- Copy Interperiod Dimensions from Original Transactions
-
If this check box is selected, LN inherits the dimensions for interperiod transactions from the dimension history.
If this check box is cleared, you can enter the dimensions for interperiod transactions on company level.
- Interim Account - Statutory/Both
-
- Fisc Period Change - Original
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can select the account, depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Fisc Period Change - New
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can select the account, depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Rep. Period Change - Original
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can select the account, depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Rep. Period Change - New
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can select the account, depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Interim Account - Statutory/Local
-
- Fisc Period Change - Original
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can select the account, depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Fisc Period Change - New
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can select the account, depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Rep. Period Change - Original
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can select the account, depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Rep. Period Change - New
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can select the account, depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Interim Account - Complementary/Both
-
- Fisc Period Change - Original
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can define the account depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Fisc Period Change - New
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can define the account depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Rep. Period Change - Original
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can define the account depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Rep. Period Change - New
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can define the account depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Interim Account - Complementary/Reporting
-
- Fisc Period Change - Original
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can define the account depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Fisc Period Change - New
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can define the account depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Rep. Period Change - Original
-
The ledger account to which a reversed transaction that affects two different periods is posted. This avoids an unallocated entry in one period.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Complementary
- Currency Base Reporting and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
- Rep. Period Change - New
-
The ledger account used for unbalanced transactions with transaction lines from two different periods.
Allowed values
Select a ledger account that has:
- Type Balance Sheet
- The sublevel zero (0)
- Dual Accounting Indicator Statutory
- Currency Base Both and that:
- Does not use dimensions
- Does not use any integration
- Is not used as a control account.
You can define the account depending on:
- The Dual Accounting Indicator field
- The Currency Base field
- The fiscal and reporting periods.
- Retained Earnings
-
- Dimension Accounting on Retained Earnings
-
If this check box is selected, LN derives the dimensions for retained earnings from the dimension history.
If this check box is cleared, you can enter the dimensions for retained earnings on company level.
- Statutory
-
- Ledger Account
-
The statutory ledger account for retained earnings.
The statutory interim account to which the profit and loss result is posted during the year closing in one of the following sessions:
- Close Year - Provisional (tfgld6201m000)
- Close Year (tfgld6203m000)
Allowed values
Select a ledger account that has:
- type Balance Sheet
- the sublevel zero (0)
- is not used in any integration
- is not used as a control account.
LN records the balance of all profit and loss entries in this account.
- Dimension
- Complementary
-
- Ledger Account
-
The complementary ledger account for retained earnings.
The complementary interim account to which the profit and loss result is posted during the year closing in one of the following sessions:
- Close Year - Provisional (tfgld6201m000)
- Close Year (tfgld6203m000)
Allowed values
Select a ledger account:
- of type Balance Sheet
- with sublevel zero (0)
- which is not used in any integration
- which is not used as a control account.
LN records the balance of all profit and loss entries in this account.
- Dimension
- Destination Gain/Loss
-
- Destination Gain/Loss for Independent Multicurrency
-
- Destination Gain Account 1
-
The default ledger accounts to which the calculated destination gain is posted in the Calculate Destination Gain & Loss (tfgld5202m000) session.
You can overrule this setting by choosing other destination gain and loss ledger accounts in the Chart of Accounts (tfgld0508m000) session.
- Destination Gain Account 2
-
The default ledger account to which the calculated destination gain is posted in the Calculate Destination Gain & Loss (tfgld5202m000) session.
You can overrule this setting by choosing other destination gain and loss ledger accounts in the Chart of Accounts (tfgld0508m000) session.
- Destination Loss Account 1
-
The default ledger account to which the calculated destination loss is posted in the Calculate Destination Gain & Loss (tfgld5202m000) session.
You can overrule this setting by choosing other destination gain and loss ledger accounts in the Chart of Accounts (tfgld0508m000) session.
- Destination Loss Account 2
-
The default ledger account to which the calculated destination loss is posted in the Calculate Destination Gain & Loss (tfgld5202m000) session.
You can overrule this setting by choosing other destination gain and loss ledger accounts in the Chart of Accounts (tfgld0508m000) session.
- Transaction Type
-
The transaction type for destination gain and loss transactions generated in the Calculate Destination Gain & Loss (tfgld5202m000) session.
Allowed values
Select a Journal Vouchers transaction type.
- Gain/Loss Account by Currency
-
If this check box is selected, the account for balancing documents must be defined by currency in the Additional Currency Features (tfgld0129m000) session.
- Statutory Exchange Gain/Loss Account
-
Exchange gain and loss amounts calculated for integration transactions are posted to this account.
Note: The account specified applies to all currency systems. - Complementary Exchange Gain/Loss Account
-
Exchange gain and loss amounts calculated for integration transactions are posted to this account.
Note: The account specified applies to the standard currency system only. - Balancing
-
- Balancing Method
-
The method of posting the balanced profit and loss accounts. You can balance profit and loss accounts in the Automatic Balancing (tfgld6202m000) session.
- Individual Accounts
-
The Profit & Loss accounts are individually cleared against the Retained Earnings account.
- Source of Earnings
-
Each Profit & Loss account is individually cleared against the related Source of Earnings account. You can use this method to view the composition of the total profit for the year, for example, what percentage of the total profit is from operating profit, extraordinary profit, and so on.
- Total
-
All Profit & Loss accounts are cleared directly against the balancing account that you select in the Finance Company Parameters (tfgld0503m000) session and the total amount on the balancing account is posted to the Retained Earnings account.
- Individual Accounts with Closing Balance
-
The Profit & Loss accounts are individually cleared against the balancing account that you select in the Finance Company Parameters (tfgld0503m000) session. The balancing account is cleared against the Closing Balance account. The non Profit & Loss accounts are also individually cleared against the Closing Balance account.
Note:If the value in this field is set to Individual Accounts with Closing Balance:
- On the Balancing tab, the statutory and/or complementary ledger account (Profit & Loss Closing Account) must be an Income Account.
- On the Retained Earnings tab, the statutory and/or complementary ledger account (Retained Earning) must be a Balance Closing Account.
- Transaction Type
-
The transaction type for profit and loss account postings.
- Statutory
-
- Ledger Account
-
The ledger account for automatic balancing.
Allowed values
Select a ledger account:
- of type Profit & Loss.
- with sublevel zero (0).
- which not uses any integration.
- which is not used as a control account.
LN uses this account in the Automatic Balancing (tfgld6202m000) session, as a contra account for the profit and loss accounts that are emptied.
- Dimension
- Complementary
-
- Ledger Account
-
Set the ledger account for automatic balancing. LN post the subtotal of all profit and loss account balances to this account.
Allowed values
Select a ledger account:
- of type Profit & Loss
- with sublevel zero (0)
- which not uses any integration
- which is not used as a control account.
- Dimension
- Open Accounting Books
-
- Statutory
-
- Opening Balance Statutory
-
The account used in the Close Year (tfgld6203m000) session to balance the non Profit & Loss accounts of the journal vouchers created in the Automatic Balancing (tfgld6202m000) session.
Note:- This field is applicable only if Balancing Method is set to Individual Accounts with Closing Balance.
- You can only select a ledger account:
- with type balance sheet
- with sublevel zero (0)
- which is not used in any integration as integration account
- which is not used as control account
- The dimension for the ledger account is retrieved from the Retained Earning account defined on the Retained Earning tab.
- If the Dimension Accounting on Retained Earnings check box is selected on the Retained Earning tab, the dimension accounting is applicable to this account.
- Description
-
The description or name of the code.
- Closing Balance Statutory
-
The statutory ledger account for closing balance. This account is used in the Automatic Balancing (tfgld6202m000) session. The closing balances of all the accounts are posted to this account.
Note:- This field is applicable only if Balancing Method is set to Individual Accounts with Closing Balance.
- You can only select a ledger account:
- with type balance sheet
- with sublevel zero (0)
- which is not used in any integration as integration account
- which is not used as control account
- The dimension for the ledger account is retrieved from the Retained Earning account defined on the Retained Earning tab.
- If the Dimension Accounting on Retained Earnings check box is selected on the Retained Earning tab, the dimension accounting is applicable to this account.
- Description
-
The description or name of the code.
- Complementary
-
- Opening Balance Complementary
-
The account used when the Balancing Method is Individual with Closing Balance.
Note:- This field is applicable only if Balancing Method is set to Individual Accounts with Closing Balance.
- You can only select a ledger account:
- with type balance sheet
- with sublevel zero (0)
- which is not used in any integration as integration account
- which is not used as control account
- The dimension for the ledger account is retrieved from the Retained Earning account defined on the Retained Earning tab.
- If the Dimension Accounting on Retained Earnings check box is selected on the Retained Earning tab, the dimension accounting is applicable to this account.
- Description
-
The description or name of the code.
- Closing Balance Complementary
-
The complementary ledger account for closing balance. This account is used in the Automatic Balancing (tfgld6202m000) session. The closing balances of all the accounts are posted to this account.
Note:- This field is applicable only if Balancing Method is set to Individual Accounts with Closing Balance.
- You can only select a ledger account:
- with type balance sheet
- with sublevel zero (0)
- which is not used in any integration as integration account
- which is not used as control account
- The dimension for the ledger account is retrieved from the Retained Earning account defined on the Retained Earning tab.
- If the Dimension Accounting on Retained Earnings check box is selected on the Retained Earning tab, the dimension accounting is applicable to this account.
- Description
-
The description or name of the code.
- Rounding Diff.
-
- Statutory
- Complementary
- Currency Translation
-
- Currency Translation Statutory
-
- Ledger Account
-
The temporary ledger account for currency translations.
The temporary ledger account for currency translations which is, for example, used if:
- the invoice is paid in another currency than the invoice currency
- an advance or unallocated amount is assigned to an invoice and the currency of the amount differs from the invoice currency.
Allowed values
Select a ledger account:
- of type Balance Sheet
- with sublevel zero (0)
- which is not used in any integration
- which is not used as a control account.
- Dimension
-
- Currency Translation Complementary
-
- Ledger Account
-
The temporary ledger account for currency translations.
The temporary ledger account for currency translations is, for example, used if:
- the invoice is paid in another currency than the invoice currency
- an advance or unallocated amount is assigned to an invoice and the currency of the amount differs from the invoice currency.
Allowed values
Select a ledger account:
- of type Balance Sheet
- with sublevel zero (0)
- which is not used in any integration
- which is not used as a control account.
Note:Accounts receivable: Payment 80 USD, which equals 90 EUR Invoice 90 EUR Posting: D Cash 80 USD C Translation account 80 USD D Translation account 90 EUR C Accounts receivable 90 EUR
The translation account must be balanced if all amounts are expressed in the home currency. It is used to translate currencies and not to post differences.
- Dimension
- Matching
-
- Matching Parameters
-
- Statutory Matching Account
-
When matching transactions for a matchable statutory account, if there is a difference between credit amounts and debit amounts, the difference is posted to this account.
- Complementary Matching Account
-
When matching transactions for a matchable complementary account, and there is a difference between credit amounts and debit amounts, the difference is posted to this account.
- Matching Tolerance (Percentage)
-
The tolerance percentage. If a credit transaction and the debit transaction to which it must be matched differ by less than this percentage, the transactions can be matched.
You can match transactions in the GL Account Matching - Manually (tfgld1516m000) session and the GL Account Matching - Automatic (tfgld1216m000) session.
- Absolute Tolerance Amount
-
If a credit transaction and the debit transaction to which it must be matched differ by less than this amount, the transactions can be matched.
You can match transactions in the GL Account Matching - Manually (tfgld1516m000) session and the GL Account Matching - Automatic (tfgld1216m000) session.
- Currency
-
The matching tolerance amount is always in the reference currency.
- Matching Transaction Type
-
The default transaction type for the matching transactions that can be generated during GL account matching.
- Manual Matching Parameters
-
- Prevent Incomplete Matching for the same Transaction Currencies
-
If this check box is selected, you can only match the transactions if the difference amount in each of the home currencies is zero.
If this check box is cleared, LN can generate a matching transaction for the difference amount when you match the transactions.
Note: This option only applies if you manually match transactions in the same transaction currency in the GL Account Matching - Manually (tfgld1516m000) session. - Allow Matching Based on Difference for the same Transaction Currencies
-
If this check box is selected, LN can generate a transaction for remaining small difference amounts in the home currencies after matching the transactions.
Note: This option only applies if you manually match transactions in the same transaction currency in the GL Account Matching - Manually (tfgld1516m000) session. - Allow Matching for different Transaction Currencies
-
If this check box is selected, transactions in different transaction currencies can be matched.
If this check box is cleared, you can only match transactions in the same transaction currency.
Note:If you select this check box, it is recommended that you also select the Allow Matching Based on Difference for different Trans. Currencies check box, as for transactions in different transaction currencies, such differences usually occur.
This option only applies if you manually match transactions in the GL Account Matching - Manually (tfgld1516m000) session.
- Prevent Incomplete Matching for different Transaction Currencies
-
If this check box is selected, you can only match the transactions if the resulting difference amount in each of the home currencies is zero.
Note: This option only applies if you manually match transactions in different transaction currencies in the GL Account Matching - Manually (tfgld1516m000) session. - Allow Matching Based on Difference for different Trans. Currencies
-
If this check box is selected, LN can generate a transaction for remaining small difference amounts in the home currencies after matching the transactions.
Note: This option only applies if you manually match transactions in different transaction currencies in the GL Account Matching - Manually (tfgld1516m000) session. - Matching Currency for different Transaction Currency
-
If the transaction currencies differ, this currency is used for the matching transaction.
If this field is blank, the reference currency is used.
Note:- The reference currency is always used as the basis for the calculation of the tolerances.
- This option only applies to manual GL account matching in the GL Account Matching - Manually (tfgld1516m000) session.
- External Journals
-
- Default Transaction Type
-
The transaction type to be used for missing or incorrect transaction types when journal transactions are imported.
- Default Series
-
The series to be used for missing or incorrect series when journal transactions are imported.
- Use Suspense Account
-
If this check box is selected, you can specify a suspense account to be used when journal transactions are imported using the Post Imported Journal Transactions (tfgld2215m000) session.
If this check box is cleared, incorrect journal voucher lines will be rejected when journal transactions are imported.
- Suspense Account
-
The suspense account to be used when journal transactions are imported using the Post Imported Journal Transactions (tfgld2215m000) session.
- Received Journals via Workbench
-
- Transaction Type for Transaction Currency Journals
-
The interim transaction type used to maintain the external journals (in transaction currency) as imported transactions, which are processed using the Received Journal Workbench (tfgld2616m000) session.
Note: You can only select the transaction type for which the Transaction Category is set to Journal Vouchers and Transaction Subcategory is set to Transaction Currency Journal in the Transaction Types (tfgld0511m000) session. - Description
-
The description or name of the code.
- Transaction Type for Multi-Functional Currencies Journals
-
The interim transaction type used to maintain the external journals (in multi-functional currency) as imported transactions, which are processed using the Received Journal Workbench (tfgld2616m000) session.
Note: You can only select the transaction type for which the Transaction Category is set to Journal Vouchers and Transaction Subcategory is set to Multi-Functional Currencies Journal in the Transaction Types (tfgld0511m000) session. - Description
-
The description or name of the code.
- Concepts
-
- Bank Reference Check
-
The type of bank reference number check that is used by the banks in the financial company's home country.
To include bank reference numbers on invoices and payment documents, select a value other than Not Applicable.
For sales invoices, if the country of the customer is the same as the country of the sales office, LN generates the bank reference number when the invoices are composed. You can define the composition data for bank reference numbers in the Bank Reference Positions by Country (cisli1130m000) session.
For purchase invoices, if the country of the supplier is the same as the country of the purchase office, LN applies the check indicated by the bank reference number operator in all the sessions in which bank reference numbers are entered or processed. If the bank reference number does not include an operator, by default LN applies the check that you select here.
If you select Not Applicable, the bank reference number functionality is not available.
- 10 - Check
-
LN uses the Norwegian 10 check algorithm to verify bank reference numbers. To overrule this default check algorithm, add the < operator at the end of the specified or generated number.
- 11 - Check
-
LN uses the Norwegian 11 check algorithm to verify bank reference numbers. To overrule this default check algorithm, add the > operator at the end of the specified or generated number.
- Finnish Check
-
LN uses the Finnish check algorithm to verify bank reference numbers. No operator is added at the end of the specified or generated number.
- Modulo 10 (Recursive) Check
-
LN uses the Swiss check algorithm to verify bank reference numbers. No operator is added at the end of the specified or generated number.
- 10 or 11 - Check
-
LN first uses the 10 - Check algorithm and then, if this check fails, the 11 - Check algorithm. Either one of these checks must be successful. No operator is added at the end of the specified or generated number.
- No Check
-
LN does not verify bank reference numbers. The - operator is added at the end of the specified or generated number. You can use this option for bank reference numbers that cannot be checked with the available check algorithms.
- Not Applicable
-
The bank reference number functionality is not available.
- Structured Creditor Reference Check
-
LN uses the Swiss check algorithm to verify bank reference numbers. You can use this option if the Used for QR-billing check box is selected and the International Bank Account Number is specified.
- Company s Default
-
LN uses the Bank Reference Check value defined in the Finance Company Parameters (tfgld0503m000) session.
- Default Dimension
- If this check box is selected, during transaction entry within the Financials package, dimensions are defaulted based on the configuration set up in the Default Dimensions (tfgld0145m000) session and the sequence.
- Sequences
-
The sequence that is used for the dimensions defaulting. You can select the scenarios to configure the sequence of the dimension defaulting at the four levels.
Allowed values
- Dimension/Accounts
- Dimensions
- Not Applicable
- Business Partner/Account
- User/Account
- Account Matching
-
If this check box is selected, account matching is used in this financial company.
- Factor Invoices
-
If this check box is selected, you can factor the accounts receivables that are processed through the current financial company.
- Journal Book
-
If this check box is selected, you can set up and generate the journal book.
Note: If non-finalized transactions exist in the company, you cannot change the selection of this check box. - VAT Book
-
If this check box is selected, you can set up the VAT book and generate VAT book reports.
- Separate Account for Paid Advance Installments
-
If this check box is selected, LN creates the financial transactions required to post invoiced and paid advance invoices to separate ledger accounts.
Note: If a separate account for paid advance invoices applies, an advance can only be settled when the advance invoice is completely paid and handled. This is required in order to handle the currency differences during settlement in a correct way, for which the payment rates are required. - Schedules Mandatory
-
If this check box is selected, you must link a payment schedule to every invoice.
If this check box is cleared, using payment schedules is optional.
- Payment Method Mandatory
-
If this check box is selected, a payment method must be available on every invoice header or, if a payment schedule is linked to the invoice, for every payment schedule line.
If payment methods are mandatory and no payment method is available for an invoice or for a payment schedule line, LN blocks processing of the invoice.
LN prints the payment method on sales orders, purchase orders, service orders, and the related invoices.
- Declarant's Address
-
The declarant's address that must be printed on the Belgian Balance of Payments report.
- Recurring Journal Invoice Creation
-
If this check box is selected, users can choose whether recurring transactions are created for journal vouchers, purchase invoices, or sales invoices.
If this check box is cleared, recurring transactions can only be created for journal vouchers.
- Pre-fill Dimensions
-
If this check box is selected, LN populates the dimension values in invoice lines, journal voucher lines, matched purchase invoice transactions and bank transaction lines, when there is only one dimension value available, which is allowed according to the cross validation rules. After LN populates this value, you cannot change the value in this field.
- Report Contra Accounts
-
If this check box is selected, the Report Contra Accounts functionality is available in LN and can be used for the financial company.
- Replace AP/AR Control Account with Business Partner
-
If this check box is selected, the control account reported as the contra account is replaced with the name of the Business Partner.
Note: This check box is enabled only if Report Contra Accounts check box is selected.