Company Settings

• Accounting > General Ledger > General Ledger Settings > Company Settings

• Accounting > Third Party Accounting > General Ledger > General Ledger Settings > Company Settings

• Accounting > Settings > General Ledger Settings > Company Settings

• System Administration > Get Started - Enter Your Information > Get Started Step 3 - Business Information > Company Settings

• System Administration > System Settings > Accounting System Settings > General Ledger System Settings > Company Settings

• System Administration > System Settings > General Administration System Settings > Company Settings

This field is used to identify the company code. Unless using multi-company processing, only one company record is created and assigned the number 01. If using multi-company processing, it is recommended that additional companies are set up using numeric codes.

The maximum length for this field is determined by the Company Code Maximum Length field in your General Ledger Control Settings. Depending on that setting, the maximum can be 2, 3, or 4 digits.  

This field is active when using STORIS Accounting and if multi-company processing is active, it is required for each company. If multi-company processing is not active, this field is not available and the Print Bank field in the Payables Control Settings becomes mandatory.

Use this field to define one or more Default Check Print Banks based on vendor currency. If a single bank is specified, it is for the domestic currency. The domestic currency is automatically populated in the Bank to Print Checks by Currency screen. When you click on the Search button, you access the Read-Only Lookup Window, where you can choose from a list of banks. If you click the Action button you access the Bank to Print Checks by Currency screen, where you can define multiple banks to be used based on the currency defined for the vendor.

The process to default the appropriate check print bank when creating an AP Bill is based on the vendor’s currency. Using the hierarchy, if a bank cannot be determined at the vendor remit-to or vendor level, the company is used. The currency assigned to the vendor is located in the list of available currencies, and if found, the associated bank is defaulted. Since a currency can be associated with more than one bank, the default bank is the first bank found for the defined vendor currency. If not found, the bank associated with the domestic currency is used.

If creating a new company with a new bank, create the company here as you normally would, but choose an existing bank from this field (this choice is temporary and will be changed to the desired new bank). Save this new company then create the new bank in Bank Settings. After creating the new bank, return to this process and choose your newly created bank using this field.

(LOCKED - STORIS access ONLY!) Indicate the fiscal structure for this company.  The options available are:

• Calendar - fiscal year and periods are based on the calendar.

• Weekly - the fiscal year and periods are user-defined. This option ensures that the user-defined year and periods are evenly divisible by 7 days.

• Other - the fiscal year and periods are user-defined. This option allows free definition of periods within a fiscal year. The only restriction is you must define 12 periods.

If you set this field to Calendar, or if using TPA (Third-Party Accounting) Of or relating to an outside accounting software system such as QuickBooks® and used to interface STORIS data with such a system. The STORIS TPA interface is used as an alternative to STORIS Accounting. (in which your only option is Calendar), the system automatically builds the period tables to coincide with the calendar year, and you must use the First Calendar Month field to specify the calendar month that coincides with the first fiscal period.  If not set to Calendar, the other options enable you to define the period tables as required.  Any deviation from straight calendar requires a user-built table.  Please contact your STORIS representative for detail.

Enter the day of the week on which the fiscal year begins. This field is active only if you select Calendar at the General Ledger Cycle field.

Click the Arrow button to select the first posted year for this company.  

To activate the Landed Freight feature at the company level and thus include freight amounts in landed costs, check the box.  Otherwise, leave the box blank.

To activate an add-on cost for this company, check the box at the associated field. Otherwise, leave the field blank.  STORIS provides four add-on costs you can use in your system to track landed costs. The names for these add-on cost fields are determined by your Costing Control Settings.   

Enter the Percent or fixed dollar Amount of the freight or add-on cost. This field accepts two decimal places.

Click the Arrow button and select the type of freight or add-on cost. Your options are

• Percent (add-on or freight cost is a percentage)

• Dollar (add-on or freight cost is a fixed dollar amount)