Setting Up a Company

Access the Company Setup form.

Company

Enter a code that identifies a specific organization, fund, or other reporting entity. The company code must already exist in the F0010 table and must identify a reporting entity that has a complete balance sheet. At this level, you can have intercompany transactions.

You can use company 00000 for default values such as dates and AAIs. You cannot use company 00000 for transaction entries.

Fiscal Date Pattern

Enter a value that specifies a fiscal date pattern. If you leave this field blank, the system uses the default value R.

(JPN) Companies in Japan must enter J in this field.

Number of Periods

Enter a number that determines the normal number of accounting periods for annual budgeting and fixed asset depreciation. If you leave this field blank, the system uses the default value of 12.

In budgeting, this is used to spread the annual budget to equal amounts for each accounting period when a budget pattern code has not been defined.

The system calculates depreciation for each accounting period as the annual amount divided by the normal number of periods if the Depreciation Information code is not C. (The system uses the depreciation code C when depreciation amounts are calculated based on monthly tables, which the Internal Revenue Service (IRS) provides for 12 accounting periods only.)

Note: If you have 12 accounting periods and you are using the 13th period for audit adjustments, the normal number of periods is 12.

Current Period

Enter a number from 1 to 14 that identifies the current accounting period. If you leave this field blank, the system uses the default value 1. The system uses the number in this field to generate error messages, such as PBCO (posted before cut off) and PACO (posted after cut off), when necessary.

You can set the current period for General Accounting before the current periods for Accounts Payable and Accounts Receivable, but not after.

(JPN) In Japan, the fiscal year begins in April.

Beginning of Fiscal Year

Enter the first day of the fiscal year.

Company Address Number

Enter a value in this field if the address book number of the company is different from the company number. This field contains the company number from the JD Edwards EnterpriseOne Address Book system.

Current Period

Enter a value for the current period. If you leave this field blank, the system uses the default value 1.

Beginning of Fiscal Year

Enter a value for the beginning of the fiscal year. If you leave this field blank, the system uses the year that is entered in the Beginning of Fiscal Year field under the General Accounting heading.

Reporting Period

Enter a value that specifies the reporting period. Use this field to specify a default financial reporting date that is different from the actual accounting period. Because financial report preparation often lags behind the actual closing of books, you can close a month without having to finish all financial statements.

By changing the value in this field, you can generate any prior-period financial statements.

Reporting Year

Enter a value that specifies the reporting year. Values are:

00– 99: A specific fiscal year.

Blank: The current fiscal year (financial reporting date).

*: All fiscal years.

−9 through −1: A previous fiscal year (relative to the financial reporting date).

+1 through +9: A future fiscal year (relative to the financial reporting date)

If you leave this field blank, the system uses the year that is entered in the Beginning of Fiscal Year field under the General Accounting heading.