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Company Profiles

Company profiles are used to identify a company's financial profile. A company must be active and financially enabled to process financial transactions.

You can do the following:

More information:

Create Companies

Edit General Company Information

Manage Supplemental Company Information

Manage Company Financial Properties

Manage Company Billing Addresses

Edit Company and Postal Addresses

Create Companies

Use the Create Company page to define companies for billing and financial processing.

Follow these steps:

  1. Open Home, and from Financial Management, click Companies.

    The list page appears.

  2. Click New.
  3. Complete the following fields:
    Company Name

    Defines the company name.

    Company ID

    Defines a unique company ID. Read-only after the company is created.

    Company Type

    Defines the type that best describes the company's relationship to your organization. Select a type from the list.

    Company Status

    Indicates if the company is active or inactive. The company must be active to enable financials on projects. Select a status from the list.

  4. Click Save and Return.
  5. Do the following to further define the company:

More information:

Edit General Company Information

Manage Company Financial Properties

Manage Company Billing Addresses

Edit General Company Information

You can create a new company or edit an existing company's general information, such as name, type, and status. You can also provide optional, supplemental information, such as external identifiers, affiliates, ticker symbols, or an account manager.

Follow these steps:

  1. With the company open, edit the following fields:
    Company Name

    Defines the company name.

    Company Name

    Defines the company name.

    Company ID

    Defines a unique company ID. Read-only after the company is created.

    Company Type

    Defines the type that best describes the company's relationship to your organization. Select a type from the list.

    Company Status

    Indicates if the company is active or inactive. The company must be active to enable financials on projects. Select a status from the list.

  2. Save the changes.

More information:

Create Companies

Manage Supplemental Company Information

Manage Supplemental Company Information

You can provide optional, supplemental information, such as external identifiers, affiliates, ticker symbols, and account manager.

Follow these steps:

  1. Open the company.
  2. Open the Properties menu and click Supplemental.

    The supplemental company properties appear.

  3. Complete the following fields as needed:
    External ID

    Defines the external ID for the company. This ID can be an ID related to a system ID at your company.

    Company Description

    Defines the company description.

    Rating

    Defines the rating to use for the company.

    Values: High, Medium, Low

    SIC Code

    Defines the company Standard Industrial Classification (SIC) code.

    Parent Company

    Defines the name of the parent company.

    Affiliate Company

    Defines the name of the affiliate company.

    Division

    Defines the division if the company is a division of a parent or affiliate company.

    Category

    Defines the category for the company.

    Values: Manufacturing, Merchandiser, Other, Service

    Industry

    Defines the industry associated with the company.

    Values: Consumer Products, Education, Financial, Government, Health Care, Manufacturing, Other, Other Service, Technology

    Number of Employees

    Defines the number of employees in the company.

    Ownership

    Defines the ownership type for the company.

    Values: Corporation, General Partnership, Limited Liability Company, Limited Proprietorship, Sole Proprietorship

    Ticker Symbol

    Defines the symbol used by the company on the stock exchange.

    Referral Source

    Defines the name and contact information of the person that referred the company.

    Account Manager

    Defines the account manager for the company.

    Web Address

    Defines the web address for the company.

    Primary Contact Name/Phone/Email

    Defines the name, phone number, and email address for the primary contact for the company.

    Notes

    Defines additional supplemental notes for the company.

  4. Save the changes.

Manage Company Financial Properties

You must financially enable a company to use it within the rate matrix.

Follow these steps:

  1. Open the company.
  2. Open the Properties menu and click Financial.

    The financial properties appear.

  3. Complete the following fields:
    Financial Status

    Indicates the financial status for the company.

    Values: Active, Inactive, No New Business

    Financial Location

    Defines the financial location of the company.

    Financial Department

    Defines the financial department of the company.

    WIP Class

    Defines the work-in-process (WIP) class. The WIP class indicates the transaction category for the company.

    Investment Class

    Defines the investment class. The investment class is used to categorize company-related projects.

    Company Class

    Defines the company class for the company.

    Date Opened

    Defines the date the company was financially enabled. Click the Date Picker icon to select the date.

  4. Save the changes.
  5. Provide the billing address information.

More information:

Manage Company Billing Addresses

Create Companies

Company Profiles

Manage Company Billing Addresses

You can set up multiple billing addresses.

A placeholder billing address profile is created by default using the company name and ID for the billing company name and billing code, respectively. You can edit the profile to provide the billing address information.

Important! You must define the financial properties of the company before you can set up the billing addresses.

Follow these steps:

  1. Open the company.
  2. Open the Properties menu and click Financial.

    The financial properties appear.

  3. Click Billing Addresses.

    The billing addresses page appears.

  4. Do one of the following:
  5. Complete the following fields as needed:
    Billing Code

    Defines the billing code assigned to each billing address. Read-only after the billing address is created.

    Invoice Format Locale

    This field is not used anymore.

    Invoice Language

    This field is not used anymore.

    Billing Company Name

    Defines the name of the company for which invoices are generated.

    Address (1 - 5)

    Defines up to five lines of detailed billing address information.

    Attention Name

    Defines the name of the person receiving the invoices.

    Attention Phone

    Defines the phone number of the person receiving the invoices.

  6. Save the changes.

More information:

Manage Company Financial Properties

Create Companies

Company Profiles

Edit Company and Postal Addresses

You can provide the company address and postal address.

Follow these steps:

  1. Open the company.
  2. Open the Properties menu and click Address.

    The company address page appears.

  3. Complete the following fields in the Main Address section as needed:
    Address 1 and 2

    Defines the main address for the company.

    City

    Defines the main city for the company.

    State

    Defines the main state for the company.

    Postal Code

    Defines the main postal code for the company.

    Country

    Defines the main country for the company.

    Phone

    Defines the main phone number for the company.

    Fax

    Defines the main fax number for the company.

  4. Complete the following fields in the Postal Address section as needed:
    Address 1 and 2

    Defines the postal address for the company.

    City

    Defines the postal city for the company.

    State

    Defines the postal state for the company.

    Postal Code

    Defines the postal code for the company.

    Country

    Defines the postal country for the company.

  5. Save the changes.

More information:

Company Profiles

Create Companies