Company (GL10.1)

Use Company (GL10.1) to define and maintain a general ledger company. The company represents the highest business unit or legal entity in your organization. For example, the company could be a corporation, holding company, division, or region. You can structure the company as either a single business entity or as multiple business entities under a single corporation using a company group. Within each company, you can define up to five organizational hierarchy levels. To assign an address, enter or select an address code.

Processing Effect

The company identifies your base operating currency, accounting periods and fiscal year, period ending dates, and valid chart of accounts.