The system can be operated as a single or multi-company system. In larger corporations with independent divisions or sub-companies multi-company processing offers a large degree of flexibility.
- Each company has its own name.
- A company may have up to six organizational levels and the field sizes for organizational levels 3-7 are an installation option.
- A company may have up to five user fields, which may be used as additional organizational levels, or to further identify or describe a project, work unit, or detail item. The usage of these five fields is completely user-defined.
- A company can calculate capitalized interest costs using a weighted average interest rate, The Capitalization Rate, subject to the actual interest cost incurred in the period. This calculation conforms to FASB Statement 34 Capitalization of Interest Cost.
- A company can calculate Investment Tax Credits for qualified progress expenditures on property taking two or more years to construct and with an expected useful life of seven or more years.
- A company can have either a 12-month or 13-period fiscal year.
- Each company has a current processing date and a fiscal accounting period which allows distinguishing between calendar year end and fiscal year end.
- A company may have a status of active, on hold, or deleted. No system processing occurs unless the company is active.
The following company controls are established at the company level and can be maintained through transactions entered either online or in batch without programming changes.
- Company Name
- Company Run Control
- Company Controls
- Report Controls
- Report Subtitle
- Report Selection
- Report Century Print
- Distribution Pattern
- General Ledger Controls
- General Ledger Journal Identifier
- General Ledger Accounting Rules
- General Ledger Journal Overrides
- General Ledger Account Numbers
- Expenditure Close Threshold