Viewing book keeping parameters

This page allows you to view the parameters that have been set for the book keeping business process. You can view parameters that have been set for carrying out important functions of book keeping like consolidation and closure.

Select the “View Parameters – Book Keeping” link under the “Company Parameter Setup” business component.

The “View Parameter – Book Keeping” page appears.

The system displays the following in the “Process Parameters” group box:

Allow future dated transactions for JV	Indicates whether future dated journal vouchers are allowed to be posted in a finance book. I could be “Yes” or “No”.
Posting Type for Finance Book Consolidation	Indicates whether the summary of the balances or every transaction would be posted after consolidation of a finance book. It could be “One to One Transactions” or “Summarized Balances”.
	One to One Transactions – indicates that every transaction that is available in the “Posting” finance book would 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 would be posted after consolidation in the “Main” finance book.
Use Operative Chart of Accounts for Consolidation	Indicates whether the operative chart of account would be used during consolidation. It could be “Yes” or “No”.
Validate BRS completeness before Closure	Indicates whether the system would check if bank reconciliation has been completed before closure of a period or year in a finance book. It could be “Yes” or “No”.
Validate Inter FB completeness before FB Closure	Indicates whether the system would check whether inter finance book reconciliation has been completed before closure of a period or year in a finance book. It could be “Yes” or “No”.
Inter Company completeness before FB Closure	Indicates whether the system would check whether inter company finance book reconciliation has been completed before closure of a period or year in a finance book. It could be “Yes” or “No”.
Currency Revaluation completeness before Closure	Indicates whether the system would check whether the revaluation of currency has been completed before closure of a period or year in a finance book. It could be “Yes” or “No”.
Allow financial postings after Provisional Closure	Indicates whether financial postings can be made after the provisional closure of a finance book. It could be “Yes” or “No”.
Finance Book Consolidation Process Initiated by	Indicates whether the finance book consolidation process would be started by the “Main” or the “Posting” finance book. It could be “Main Finance Book” or “Posting Finance Book”.
Company Consolidation Process Initiated by	Indicates whether the “Parent” or the “Child” company would start the company consolidation process. It could be “Child Company” or “Parent Company”.
Maximum Bank Charges (Base Currency)	Indicates the maximum bank charges that can be incurred by a company.

To proceed, carry out the following

Select the “BFG Closure Settings” tab to view whether closure is required for certain business functions.
Select the “Set Rounding Off Methods” tab to view the method in which the rounding off must take place in certain business function groups.