The General Ledger Company is the chart of accounts for the entity.
This section explains the Define G/L Company (IDGC) screen and its associated fields.
One GL Company could be used by many entities. The key elements of defining a GL Company are: Account Structure, Fiscal calendar and Validation mechanism.
The general ledger company is used to define each organization’s general ledger account structure and accounting journals (one per chart of accounts). The general ledger company will be associated to a fiscal calendar, which is used in creating postings to the financial systems.
The General Ledger Account Distribution Format is defined at this level, which determines how the distribution code is formatted and segmented. The format determines how the distribution code will be viewed/keyed by users throughout the system and how it can be validated. The Distribution Heading determines the report headings for each segment of the distribution code.
Each entity defined in the system will have a general ledger company. Example – G/L Distribution code of 12-345-6789 could be defined as three segments on the general ledger company definition. Segment 1 (Positions 1-2) representing the division, segment 2 (Positions 3-5) representing the cost center, and segment 3 (Positions 6-9) representing the account.
The minimum financial set up at this stage is to name the calendar and define the edit mask for the distribution code.
G/L Company data is stored in the P2K_CM_GL_COMPANIES table.
Screen captures are meant to be indicative of the concept being presented and may not reflect the current screen design.
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