Corporations

The Corporation Code is a three-character code used in posting locally-maintained transactions.

From System Management, select Collection > Corporations from the GL Settings for Recovery Accounts group on the Configure tab. A list of Corporation Codes currently configured in Elements is displayed.

On this page administrators can create, edit or delete a Corporation Code.

Creating a Corporation Code

To create a new Corporation Code, click New. A new row appears in the list of codes.

Enter a unique code for the corporation.

Any alphanumeric string with a maximum of three characters can be used. All letters are saved in upper case.

Enter a unique description of the corporation code and ensure the Active check box is selected. When finished, click the Save link. Click Cancel to disregard creating the code.

Editing a Corporation Code

To edit a Corporation Code, click the Edit link next to the desired code.

Edit the description as desired.

The Code cannot be edited.

When finished, click Save. Click Cancel to disregard any changes.

Deleting a Corporation Code

To delete a Corporation Code, click the Delete check box next to the desired code and click Delete.

A prompt appears to confirm the deletion. Click OK to delete the code. Click Cancel to disregard the deletion.

Corporation Codes that are linked to existing transactions are not deleted - they are made inactive. Inactive Corporation Codes cannot be applied to new transactions but are used, as appropriate, in GL reports and extracts.