5.1. Set Up Base Company

One of the first things you need to do is to set up Base Companies.

Out of several companies, a base company is a company’s ‘own’ company. If this is part of a company group, there might be several base companies.

Base Companies are set up under the Business Partners icon of the desktop. When you create the business partner representing the base company, select the flag Base Company.

For important information about base currencies, refer to Select Base Currency in the System Parameter Maintenance chapter of this guide.