Defining CENTRA Subsidiaries
To use CENTRA's features, your parent and subsidiary companies must be defined in the CENTRA system. This is normally performed by your CENTRA administrator.
Note: For CENTRA purposes, your parent company is considered a subsidiary also. You differentiate it from other subsidiaries by granting it parent privileges.
Intercompany Transaction Security
When you set up CENTRA, define a responsibility for each of your CENTRA subsidiaries. Use the appropriate subsidiary responsibility to enter your CENTRA transactions. Before entering any transactions, have your system administrator set each responsibility's transaction security by entering the CENTRA subsidiary name in the Intercompany: Subsidiary system profile option.
You can only enter, review, or approve your CENTRA subsidiary's intercompany transactions if your system administrator has set the Intercompany:Subsidiary profile option.
See: Setting General Ledger Profile Options
Prerequisite
Define your parent and subsidiary charts of accounts and sets of books.
Note: If your parent or one of your subsidiaries maintains its general ledger in an applications instance separate from the CENTRA system, you must still define their chart of accounts and set of books within the CENTRA applications instance.
To define a CENTRA subsidiary:
1. Log in to your CENTRA system using the CENTRA administrator responsibility. Alternatively, ask your CENTRA administrator to define your subsidiary.
2. Navigate to the Subsidiaries window.
3. Enter a Name for your CENTRA subsidiary.
4. Mark the Enabled check box to activate your CENTRA subsidiary.
5. (Optional) Enter a Description.
6. Enter or select your CENTRA subsidiary's Set of Books. The set of books functional currency will be displayed in the Default Currency field.
7. (Optional) Change the Default Currency. Any intercompany journal entries you make in CENTRA will default to the currency you enter in this field.
8. Enter the Company segment value you want to associate with your CENTRA subsidiary.
9. Enter your subsidiary's Privileges by marking the appropriate check boxes. See: Subsidiary Privileges.
10. Enter Conversion Rates to indicate whether CENTRA's Intercompany Transfer Program and the Intercompany Transactions Report should use Period or Daily rates to convert your subsidiary's local currency amounts in the reporting currency.
If you select Daily, you must also enter a conversion rate Type.
To disable a CENTRA subsidiary:
1. Log in to your CENTRA system using the CENTRA administrator responsibility. Alternatively, ask your CENTRA administrator to disable your subsidiary.
2. Navigate to the Subsidiaries window.
3. Query your CENTRA subsidiary.
4. Clear the Enabled check box.
See Also
Subsidiary Privileges
Defining Intercompany Transaction Types
Specifying Intercompany Clearing Accounts
CENTRA Overview
Entering Intercompany Transactions
Defining Recurring Intercompany Transactions
Generating Recurring Intercompany Transactions
