Defining Companies

This option is used to specify the companies that constitute the Group. Details about these companies are also defined for use in the Download Transactions process.

In the InterCompany module, go to Setup > Source Companies:

To view the details of an existing record, double-click on it.

To add a new company to the Group, click New. The following screen is displayed:

Enter the details as follows:

Field	Description
Company No.	System generated number to uniquely identify this company within the group. Note: This number must be entered in the Exo Business Configurator application at Essentials > Company.
Company Name	Enter the name of the holding company or subsidiary company.
Connection Name	The Exo Business connect name.
Currency	Select the currency of the company. The holding company should have currency code ‘0’.
Ownership %	Enter the percent ownership. This only applies to subsidiary companies; for the holding company, enter 100%.
Calculate OEI	OEI is Outside Equity Interest or ‘Minority Interest’. This tick-box is available if Ownership % is less than 100%. When this box is checked, the system will calculate and post the OEI during the download of Profit & Loss balances.
P/L OEI Account	If the Calculate OEI option is selected, this field is available for entry. This is the GL account within the Group Consolidation Entity that will be debited with the OEI amount (assuming net profit from the down-loaded balances).
P/L OEI Account	If the Calculate OEI option is selected, this field is available for entry. This is the GL account within the Group Consolidation Entity that will be credited with the OEI amount (assuming net profit from the down-loaded balances).