Allow future dated transactions for JV

Use the drop-down list box to set whether future dated journal vouchers must be allowed to be posted in a finance book. You can select “Yes” if you want to post future dated vouchers.

Posting Type for Finance Book Consolidation

Use the drop-down list box to select whether the summary of the balances or every transaction must be posted after finance book consolidation. You can select from “One to One Transactions” or “Summarized Balances”.

• One to One Transactions – indicates that every transaction that is available in the “Posting” finance book must be posted after consolidation in the “Main” finance book.

• Summarized Balances – indicates that the summary of the account balances available in the “Posting” finance book must be posted after consolidation in the “Main” finance book.

Use Operative Chart of Accounts for Consolidation

Use the drop-down list box to set whether the operative chart of account must be used during consolidation. You can select “Yes” if you want to use the operative chart of accounts.

Validate BRS completeness before Closure

Use the drop-down list box to set whether the system must check if bank reconciliation has been completed before closure of a period or year in a finance book. You can select “Yes” if you want to verify the completion of the bank reconciliation.

Validate Inter FB completeness before FB Closure

Use the drop-down list box to set whether the system must check  if inter finance book reconciliation has been completed before closure of a period or year in a finance book. You can select “Yes” if you want to verify the completion of inter finance book reconciliation.

Inter Company completeness before FB Closure

Use the drop-down list box to set whether the system must check if inter company finance book reconciliation has been completed before closure of a period or year in a finance book. You can select “Yes” if you want to verify the completion of the inter company finance book reconciliation.

Currency Revaluation completeness before Closure

Use the drop-down list box to set whether the system must check if the revaluation of currency has been completed before closure of a period or year in a finance book. You can select “Yes” if you want to verify the completion of currency revaluation.

Allow financial postings after Provisional Closure

Use the drop-down list box to set whether financial postings can be made after the provisional closure of a finance book. You can select “Yes” if you want to post financial entries after the provisional closure of a finance book.

Finance Book Consolidation Process Initiated by

Use the drop-down list box to select whether the finance book consolidation process must be started by the “Main” or the “Posting” finance book. You can select from “Main Finance Book” or “Posting Finance Book”.

Company Consolidation Process Initiated by

Use the drop-down list box to set whether the “Parent” or the “Child” company must start the company consolidation process. You can select from “Child Company” or “Parent Company”. 

Maximum Bank Charges (Base Currency)

The maximum charges that a company can incur for a bank (Decimal). The value entered in this field must be equal to zero or greater than zero.