Setting Up Financial Management › Entities › Edit Entities

Edit Entities

You can change the general information for an entity after you create it. You can delete an entity as long as it is not associated with any department or location.

Follow these steps:

1. Open the entity.

   The entity properties appear.

2. Edit or review the following fields:

   Entity

   Defines the entity name. You cannot update this value after you create the entity.

   Description

   Defines the detailed description of the entity.

   Short Description

   Defines the brief description of the entity.

   Fiscal Period Type

   Defines the fiscal time period type for the entity. This value sets the default fiscal time period type for all new cost plans created for the entity. You can change this default in the cost plan.

   Values:

   • Monthly
   • Quarterly
   • Annually
   • Weekly
   • Semi Monthly
   • 13 Periods

   Home Currency

   Defines the home currency for the entity. You cannot update this field after the entity is created. You can only select currencies if the currency option was enabled as CA Clarity PPM was installed.

   Default Billing Currency

   Defines the default billing currency for viewing cost plans.

   Reporting Currency

   Defines the default currency used for reporting. You cannot update this field after the entity is created.

   Location OBS

   Defines the location OBS associated with the entity.

   Department OBS

   Defines the department OBS associated with the entity.

3. In the Defaults section, edit the following fields:

   Investment Class

   Defines the investment class for the entity used for reporting purposes.

   Company Class

   Defines the default company class.

   WIP Class

   Defines the default work-in-progress class.

4. Edit the following fields in the Labor Rate and Cost Defaults section:

   Rate Source

   Defines a cost/rate matrix to use for labor.

   Cost Source

   Defines a cost/rate matrix to use for labor.

   Source Location

   Defines the source for the rate and cost as coming from either the resource location or project location.

   Exchange Rate Type

   Defines the exchange rate type to use for labor.

   Values: Average, Fixed, or Spot

5. In the Material Rate Defaults section, edit the following fields:

   Rate Source

   Defines a cost/rate matrix to use for materials.

   Exchange Rate Type

   Defines the exchange rate type to use for material.

   Values: Average, Fixed, or Spot.

6. In the Equipment Rate Defaults section, edit the following fields:

   Rate Source

   Defines a cost/rate matrix to use for equipment.

   Exchange Rate Type

   Defines the exchange rate type to use for equipment.

   Values: Select Average, Fixed, or Spot.

7. In the Expense Rate Defaults section, edit the following fields:

   Rate Source

   Defines a cost/rate matrix to use for expenses.

   Exchange Rate Type

   Defines the exchange rate type to use for expenses.

   Values: Select Average, Fixed, or Spot.

8. Save the changes.

More information:

How to Set Up Financial Entities

Create Entities

Locations

Departments