64 Overview to System Setup

This chapter contains these topics:

• Section 64.1, "Objectives,"

• Section 64.2, "Overview."

64.1 Objectives

• To understand how to set up the features and functions that allow you to process general accounting information

64.2 Overview

Before you use the General Accounting system, you need to set up and define certain information that the system will use during processing. This information is used to customize the system for your business needs. For example, when entering journal entries, you can have the system verify the total amount after you enter the batch by setting up batch control.

See the following for information about required system setup:

• Chapter 65, "Set Up Constants for General Accounting,"

• Chapter 66, "Understand AAIs,"

• Chapter 67, "Understand AAIs for General Accounting,"

• Chapter 68, "Work with AAIs,"

• Chapter 69, "Understand User Defined Codes,"

• Chapter 70, "Understand General Accounting User Defined Codes,"

• Chapter 71, "Work with User Defined Codes,"

• Chapter 72, "Set Up Next Numbers."

See the following in the JD Edwards World Multi-Currency Guide for information about system setup that your organization might require:

• Overview to Multi-Currency

• Set Up Multi-Currency

• Work With Currency Codes and Decimals

• Work With Exchange Rates

64.2.1 What Are the System Setup Features?

The following describes the system setup features and their purpose.

Feature	Description
Constants	Establish system basics, such as: Whether the system verifies that the amount and number of documents in a batch of journal entries balance to the totals that you enter separately Whether you require management approval of batches of documents before posting Whether the system allows posting of batches to a prior accounting period within the current year How the system handles invalid account numbers on journal entries What symbols you will use to identify the format of the account numbers you enter during data entry Whether the system uses multiple currencies and, if so, the method of conversion How the system processes journal entries that cross company boundaries (intercompany settlements)
AAIs	Define the rules for the chart of accounts and establish how the system creates automatic entries. If you are using the JD Edwards World system in a multi-lingual environment, you can translate the descriptions of your AAIs.
User defined codes	Define customized codes, such as document types, that are appropriate for your business needs.
Next numbers	Establish an automatic numbering system for documents.
Multi-currency	Establish how multiple currency features will work, if you are handling more than one currency in the JD Edwards World system. You need to determine: The types of financial restatement method to use The ledger types to use Whether you want to post balances by currency Whether you want the system to create intercompany settlements for companies using different currencies

64.2.2 Before You Begin

• Determine your reporting needs and set up your companies, fiscal patterns, business units, accounts, and category codes

64.2.3 What You Should Know About

Topic	Description
Taxes	If you use the JD Edwards World system to track and report taxes, you can set up the General Accounting system for journal entries with taxes. See the JD Edwards World Tax Reference Guide.

See Also:

• Setting Up AAIs for Detailed Currency Restatement in the JD Edwards World Multi-Currency Guide.

• Chapter 74, "Set Up Intercompany Settlements,"

• Chapter 79, "Set Up Cross-Environment Settlements."