Creating a Company Ownership Record

To view all your Company Ownership records or to create new ownerships, search for Company Ownerships in the App Launcher.

The Company Ownerships page displays a list view of all the created company ownership records. Each record has the following fields:

• Internal Investor
• External Investor
• Investment Company
• Ownership Category
• Ownership (%)
• Start Date of Ownership
• End Date of Ownership
• Is Active

To create a company ownership record:

1. Click and search for Company Ownerships.
2. Click Company Ownerships from the menu or from All Items.
3. Click New on the Company Ownerships page. A New Company Ownership window opens.
4. Enter the values in the fields. You must enter either an internal company or an external company.
5. Specify the proportion of ownership as a percentage. This cannot be zero.
6. Review the record and select the Is Active checkbox.
7. Click Save.

Notes:

• An Elimination Company and a Consolidation Adjustment Company cannot be set as investors in an active company ownership record and vice versa.
• You can also create the company ownership record from the Accounting Companies page.

Warning:

Once the record is activated, you can only edit the end date and the record cannot be deactivated.