Create a District for a Company

Security Note: You need the Allow company maintenance security right in the Organisations domain security rights group for this activity.

Activity Steps

  1. Select the Organisations panel in the Solution Explorer.
  2. Expand the Internal Companies node.
  3. Right-click a company and select New » District from the menu.

    The District displays.

  4. Update the Name of the company if required.
  5. Complete the following fields as required.
    • Registration Number—Legal registration number of the district. If multiple registration numbers must be entered for taxation purposes, see Specify Tax Information for an Organisation, Company or District.
    • National Code—Code for the country where the district is located.
    • Long Name
    • Default Currency—Select from the currencies defined in the Currency/Exchange Editor.
    • Write Off Tolerance—Allowable monetary amount that can be written off for the district.
    • P&L Exchange Rate Method—Method used to determine the exchange rate to the currency of Trading Profit and Loss Reports if converted values are not already in invoices or despatch order snapshots. Select from:
      • Last Known Exchange Rate (default)—As of the P&L date.
      • Invoice Date—Only for line items from actual invoices. Otherwise the last known exchange rate is used.
      • Journal Date—Only for line items from actual invoices. Otherwise the last known exchange rate is used.
    • Number/Code
    • State Code—Code for the state where the district is located.
    • Organisation Status—Select from the Organisation Status list items defined in the List Editor.
    • Industry Type—Select from the Industry Types list items defined in the List Editor.
    • Description
    • Default Hedge Action Classification—Only applicable if the Default Action Classification for a market commodity is As per District in the Market/Commodity Editor. Select from the Hedge Action Classification list items defined in the List Editor.
    • Allow Journal Locking Only If Control Passed—Whether to allow journals for a final sales invoice to be locked only if control has passed for all despatch orders associated with the invoice. If checked, control must have passed from the seller to the buyer before journals can be locked. The delivery terms of the despatch order determine the conditions that must be met on despatches in order for control to pass. Whether control has passed for the material associated with a despatch order displays in the despatch order snapshot. This setting does not affect non-final sales invoices or other types of invoices (for example, purchase or demurrage). Default: Unchecked.
  6. Click Save.