Defining an Accounts Receivable Company

During this procedure, you will assign the company to a customer group, enter aging defaults, and customer address.

To define an accounts receivable company

Access Company (AR01.1).
Assign the company number. The company name will default from the General Ledger company. If the AR company name is different, you must add the company before you can change these fields.
the Main tab. Assign the company to a customer group. Consider these fields.

Multi Currency

If you will be processing multiple currencies define currency options. Leave these fields blank, if you are not processing multiple currencies. "No" will default.

Note: If you define a company that has a base currency different from the customer group currency, the system automatically creates the currency gain and loss adjustment reason code "CURR." The system uses this code to record realized gain and loss adjustments for a transaction. The code does not display in Adjustment Reasons (AR15.1), and the adjustments do not display on any form. For more information on currency transactions, see the General Ledger User Guide.

Currency Rate Override

Allows you to override currency exchange rates when you enter non-base transactions.
Define company aging options in the Aging Options area of the form. If you leave these fields blank, the aging options default from the customer group.
Click the AR User Fields link to open Customer Group User Fields (AR01.2). These are used for reference only. Select the value of each user field within each group (Customer, Payment, Transaction Batch, and Payment Batch). You can select from: Alpha, Date, Amount, or Numeric.

Note: You can use the County field as an Attention To if needed.
the Address tab. The address will default from the General Ledger company. If the AR company address is different you must add the company before you can change these fields. For more information on VAT and Intrastat reporting, see and the Tax User Guide.