This document helps with setting up a new company within EnterpriseOne.
Set Up Instructions
Define the base currency for the new company via the P0010 currency tab if multicurrency is turned on in GA constants
Define the fiscal date pattern for the new company (note that the fiscal date pattern must be set up in the P0008 - fiscal date pattern master)
Define current period fiscal year (this is set in the P0010, and pushed forward each period/fiscal year accordingly)
Define an address book number for the new company (this is used for such things as interco settlement automatic entries) via the P01012 application if intercompany settlements are set to 1, 2, or 3 in GA constants
Set Up Business Units
After the company record is created the corresponding business units need to be created. A business unit (BU) can exist in only one company. A company may have one or many business units.
P0006/BU master - add a new BU
Add the new BU for the new company via the P0006
Define the type of BU
Define the BU cat codes that will come into play (note that the overall organization and its reporting needs will be taken into consideration)
Set Up Chart Of Accounts
Once the BUs are in place you will need to set up a chart of accounts for each. Typically this done using the model COAs already in place. In some instances you would create a special COA for a particular BU (example being that a specific BU only needs some key accounts and not the entire COA). In these cases, a special COA is acceptable, but we would want to ensure it conforms to the model COA so all BU's in the organization have a consistent chart of accounts and reports function smoothly.
P0901 - Account Master or from the P0006 (using the copy accounts icons in the exit bar)
Add or copy accounts to new BU's.
You will then need to check your GLG-AAIs on the Financials side of things. The AAIs that may need to be adjusted/created would include:
Define GLG4 for new company/BU just created so Annual Close will point to the correct retained earnings account.
Define the GLRCxx AAIs to indicate the account reconciliation ranges
Define your intercompany settlement AAI (either an ICCC or ICH depending on your interco settlement method)
You would also define other account ranges if applicable to include: detailed currency restatement, account balance by currency.