SET UP COMPANY
Use this screen to add new companies to a current Costpoint database. This screen gives you the flexibility to maintain multiple companies in the same database, even though these companies may have different functional currencies or different business rules from the parent company.
Only one person at a time can use this screen.
Use this screen whenever you wish to add a new company to a current Costpoint database.
Costpoint has multicompany functionality. See Using Multiple Companies for more information.
Location
Identification
Use the fields in this block to create a new parameter ID or to retrieve
a previously saved parameter ID. A parameter ID represents a set of screen
selection parameters. After you have saved a parameter ID and its related
parameters, you can retrieve them using Query.
You can use the retrieved parameters to produce reports and run processes
more efficiently and with greater consistency. The saved parameters are
also useful and necessary when you want to run the process as part of
a batch job. Many users save a unique set of parameters for each different
way they run a report or process. When you select a previously saved parameter
ID or parameter description, the associated saved screen selection parameters
automatically display as selection defaults. The page setup and print
options are also included in the saved parameter ID if there are any.
You can change any of the associated selection defaults as necessary.
Parameter ID
Enter, or click 
to select, a parameter
ID of up to 15 alphanumeric characters. Choose characters for your parameter
ID that help identify the type of selections you made in the screen, such
as PERIOD or QUARTERLY.
When you save your record, all the selections made in the screen are
stored with the parameter ID. Later, you can retrieve the parameter using
Query.
You can use the parameter to run the process more efficiently because
you can select the parameter ID with its previously defined screen selections.
After the default selections display in the screen, you can override the
defaults.
Description
Enter, or click to select, a parameter
description of up to 30 alphanumeric characters.
General Information
Use this group box to establish general information about this company.
Company ID
Use this field to enter a company ID code for this new company. This company ID is associated with every transaction, organization, project, reference number, reorganization, employee, and product.
Name
Use this field to enter a descriptive name for this Company ID.
Company to Copy Settings From
Use this field to enter the company from which you want to copy the settings. The default value for this field is company 1. The field to the right displays the descriptive name of the specified company.
Journal Edit Status
Use this group box to specify the time period in which transactions can be made.
Starting Fiscal Year
Use this field to enter, or use 
to select, the starting fiscal year for which you want to enter transactions.
Starting Period
Use this field to enter, or use to select, the starting period for which you want to enter transactions. You can have up to 18 accounting periods per fiscal year.
IWO Home Transfer Location ID
Use this field to enter the location ID of the IWO (Inter-Company Work Orders) home transfer for this company. The location is used to populate a row in the Manage Transfer Locations and Configure Project Settings screens.
This is a required field if you are licensed for either the Consolidations module or the Inter-Company Work Orders module.
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If you are licensed for the Consolidations module but not licensed for the Inter-Company Work Orders module, you can set up home transfer locations using the Manage Transfer Locations screen.
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If you are licensed for the Inter-Company Work Orders module but not licensed for the Consolidations module, you can set up home transfer locations in the Configure Transfer Locations screen.
Name
Use this field to enter a descriptive name of the IWO home transfer location. You must set up the IWO location of the parent company in the Manage IWO Allocations screen.
Functional Currency
Use this field to enter, or use to select, a functional currency for this company. This functional currency is used to prepare your company's financial statements and is also the currency used to maintain your general ledger.
Taxable Entity
Taxable Entity ID
Use this field to enter a taxable entity ID with which to associate this company.
You can have more than one taxable entity per company.
Name
Use this field to enter a descriptive name for this Taxable Entity ID.
Tax ID
Use this field to enter your company's Federal Employer Tax Identification Number, including the third-digit dash, for this company ID. This number will display on W-2s and 1099s.
Telephone
Use this field to enter the phone number for this taxable entity.
Address
Line 1
Use this field to enter the first line of the address of this taxable entity.
Line 2
Use this field to enter the second line of the address (if applicable) of this taxable entity.
Line 3
Use this field to enter the third line of the address (if applicable) of this taxable entity.
City
Use this field to enter the city for this taxable entity's address.
State/Province
Use this field to enter the state/province for this taxable entity's address.
Postal Code
Use this field to enter the postal code for this taxable entity's address.
Country
Use this field to enter the city for this taxable entity's address.