Modifying finance book

This page allows you to modify the details of a finance book. You can select the code identifying the company for which you want to modify the finance book details. The system retrieves the details of the selected finance book. This page allows you to modify only the description of the finance book. The system updates the modified details in the finance book entity and in the tax book entity for the corresponding “Tax Book”..

Select the “Edit Finance Book” link under the “Organization Setup” business component.

The “Edit Finance Book” page appears.

Enter the following field:

Company Code

Use the drop-down list box to select the code identifying the company for which you want to modify the finance book details. All the companies that are in the “Active” status and for which finance books have been defined will be available for selection in the ascending order.

The system displays the following:

Company Name

The name identifying the company.

The system displays the following in the “Finance Book Details” multiline:

Finance Book

The code identifying the finance book.

Modify the following field if required in the “Finance Book Details” multiline:

Finance Book Desc.

The textual description of the finance book (Alphanumeric, 128). Mandatory.

The system displays the following in the “Finance Book Details” multiline:

Book Type	The type of the finance book. It could be “Main FB”, “Posting FB” and “Consolidation FB”.
	Main FB – indicates the finance book in which the details of the multiple posting finance books are consolidated. It is mandatory for a company to have one “Main” finance book.
	Posting FB – indicates the finance book in which financial transaction postings are made. A company can have multiple posting finance books but it is mandatory to have at least one “Posting” finance book.
	Consolidation FB – indicates a finance book in which the financial transactions of all the “Main” finance books of the child companies are consolidated. It is mandatory for a group company to have one “Consolidation” finance book.
Deployed At	The organization unit in which the finance book has been deployed.
Effective Date From	The date from which the finance book is in use.

Check the box in the “Select” column of the multiline to mark the finance book for which you want to modify the details.
Click the “Edit Finance Book” pushbutton to save the modifications made.

The system saves the modified details of the finance book in the finance book entity.

If “Tax Book Applicability” is set to “Yes” in the “Company Process Parameters” activity the system updates the modifications in the corresponding tax book available in the tax book entity.

To proceed, carry out the following

Select the "Attach Notes" link at the bottom of the page to record your observations.
Select the “Collaborate” link at the bottom of the page to record or to view the observations or comments or discussions regarding the document.