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 the 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 list
    ERP Specify the name of your ERP (System of Record) from the list, 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
    Note: The version indicated here will not affect the functionality of LSP
    Language ID You can use this option to configure the language-specific elements on the generated output. This function is in limited availability
    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 You must publish Sync.AccountingChart BOD before proceeding. 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. The accounting chart ID and AE is validated against the Sync.AccountingChart BOD you have published
    Calendar Code and Financial Calendar AE You must publish Sync.FinancialCalendar BOD before proceeding. 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. The calendar code and financial calendar AE is validated against the Sync.FinancialCalendar BOD you have published
    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
    Note: If registering a third-party through the registration tab, some of this information may be required
    Communication details Specify the communication details
  4. Click Save to partially complete your setup or proceed to the next tabs.