Company wide org settings

Question 1

What Are Company Settings?

Answer 1

are the collection of information about your organization

Question 2

what does the company settings consist of:

Answer 2

Company info
Fiscal Year info
Support Info

Question 3

What is included under company info?

Answer 3

Name
Address
Primary POC
Default currencies
Currencies
Storage used 
Licenses available

Question 4

What is included under fiscal year info?

Answer 4

Fiscal Year

Question 5

What is included under support info?

Answer 5

Business Hours

Holidays

Question 6

What Are Locale Settings?

Answer 6

determine the display formats for date and time, user names, addresses, and commas and periods in numbers.

Question 7

Locale Settings include?

Answer 7

Locale
Language
Time Zone

Question 8

Who sets the locale settings?

Answer 8

Adm sets default locale but users can set a personal locale based on their location

Question 9

What is SF default currency

Answer 9

Single currency, yet allows for multicurrency to be enabled.

Question 10

How do you activate multiple currency

Answer 10

SETUP>COMPANY SETTINGS>COMPANY INF0>EDIT>CURRENCY SETTINGS

Question 11

When is the standard SF fiscal year?

Answer 11

Begin 1st day of month selected, ends the following year on the last ay month prior ( ex. 2/1/2022- 1/31/2023)
Standard fiscal year can only start the 1st of the month
Use custom fiscal year if you want the fiscal to start after the 1st of the month

Question 12

Can you disable custom fiscal year feature once it has been enabled?

Answer 12

No, yet you can create a custom fiscal year to replicate the standard fiscal year

Question 13

What are the best practice when purchasing a SF license/package?

Answer 13

Purchase license based on general functionality and not what features may be coming soon.

Question 14

What happens when you enable multiple currencies?

Answer 14

once a multicurrency setup is enabled, it can’t be disabled.

Question 15

What is corporate currency?

Answer 15

The currency of your corporate headquarters.

Question 16

How to enable and apply multiple currencies

Answer 16

Setup, 
> Quick Find
> Company Information
> Edit.
>Activate Multiple Currencies.
>Save.

Question 17

Once multiple currencies is enabled you also can:

Answer 17

Activate additional currencies and optionally select a new corporate currency.
Ensure users have correct personal currencies.
Make sure users use the correct currency when creating records.

Question 18

What can you specify after you activate multicurrency for your org?

Answer 18

you can specify which currencies are supported by activating or deactivating them.

Question 19

How do you activated/deactivate multiple currency for your org after activating this feature?

Answer 19

Setup
> Company Information
>Currency Setup button.
>The Active and Inactive Currencies will be listed out
*CURRENCY SETUP BUTTON ONLY VISIBLE AFTER MULTIPLE CURRENCIES IS ACTIVATED