This activity is the first step to be performed when creating a new company. The following must be specified:
Company ID
This is the identification code of the company. The length of the ID can be up to 20
characters.
Company Name
This is the name or description of the company.
Create as Template Company
A company is by default created as non-template company. It is, however, possible
to define the company as a template company, meaning that vouchers cannot be created in
this company. The main reason for creating a template company is to be able to use the
Application to define a suitable and consistent company setup that can serve as source for
the creation of a company template or for the creation of new companies.
Master Company for Group Consolidation
A company is by default created as non-master company. However, it is
possible to define the company as a master company for the Group Consolidation
process. In such a company, rules for consolidation can be defined and balances
from other companies can be consolidated. Note that it is not possible to use
the Parallel Currency functionality in a company defined as a master company.
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