by rwalliker » Sun Jan 07, 2018 9:06 pm
COMPANIES Use this facility to set-up the companies within your group. The program by default uses only uses the first 3 digits to identify the Company Level. The second 3 digits are always FCT. The ACCTGP's can be used to look P&L Accounts at branch or location level
COMPANY/CC NODES You can add consolidation nodes to the CC structure. The Consolidation nodes use the _ wildcard character. You can use consolidation nodes to include/exclude companies in the structure eg Company 001FCT Existing Company1 002FCT Existing Company2 101FCT Potential Acquisition1 102FCT Potential Acquisition2 0__FCT Just Existing Companies 1__FCT Just Acquisition Companies ___FCT All Companies including acquisitions You cannot enter data at node level. If you need to enter data for say a divisional holding company then you need to set up a divisional company for it consolidating into this node.
TICK BOXES You can flag a CC as an FX CC. This means that the data is imported from an mdb file in another currency. Changes are therefore not allowed to this imported and translated data. You have the option to set up a company level balance sheet by placing a tick in the CLB column meaning CC's will only exist at a P&L Account level and the balance sheet will exist at an XXX___ Company level. You can flag a CC as an Adjustment CC. This means that when you drill down on an account at CC level you can make adjustments to past periods. This is so you can input consolidation journals
DEPARTMENTS/COST CENTRES Normally Departments or Cost Centres are defined by using ACCTGP’s. The DEPARTMENTS menu item allows you to Manage them However under Setup options you can select to “Use CC’s”. This then allows you to specify the second 3 digits as the Department/CC For Example Cost Centres may be setup as follows: 001WAL (Wales) ,001SCO (Scotland)