Configuring Company Information

When you create an accounting entity, you must configure its company information.

  1. Log in to LSP.
  2. In the accordion, click Administration > Accounting Entity Maintenance then click Add.
  3. On the Company Information tab, specify this required information:
    Field Note
    Accounting Entity Specify the code of the accounting entity.
    Name Specify the name of the accounting entity.
    Note: Depending on the service, you must specify the exact name of the registered company.
    Country Select the accounting entity country code from the drop-down list.
    ERP Specify the name of your ERP (System of Record) from the dropdown, from which the BODs will be published to LSP.
    Note: The ERP you selected determines which services would be available for you and in some cases invokes ERP-specific BOD-shredding logic. Failure to set this field correctly would lead to unsupported results within LSP.
    ERP Version Specify the product version of the ERP.
    Base Currency Select the base currency used by your accounting entity.
    Report Currency Select the report currency used by your accounting entity.
    Accounting Chart ID and AE Specify the accounting chart ID and AE used by your accounting entity. If your Accounting Chart is published at tenant level, select the Tenant Level check box.
    Calendar Code and Financial Calendar AE Specify the Calendar Code and its AE used by your accounting entity. If your Calendar is published at tenant level, select the Tenant Level check box.
    Address Information Specify the Address Information. This information should match the country held against the Accounting entity for the services, which may differ from the accounting entity itself. The holding company address should be held in the Contact Master. See Contact Master for more information.
    Note: If registering a third-party through the registration tab, some of this information may be mandatory.
    Communication details Specify the communication details.
  4. Click Save to partially complete your setup or proceed to the next tabs.