The core master data of a company is maintained here. This information is the basis for all planning and analysis functions in COMMITLY:
Company name: Name of the company as it is managed internally in COMMITLY.
Type: Selection from predefined categories for better comparability and for internal analysis purposes.
Fiscal year ending: Definition of the balance sheet date (e.g. December 31), relevant for reports and forecast periods.
Currency: Base currency in which planning and reporting are done.
Country: Registered office of the company, important for regulatory settings (e.g. taxes, VAT ID).
Adjust expected date: Activating this option allows manual control of the expected payment date for open items, useful for more realistic cash flow forecasts.
These settings must be entered at the start of use.