| # Financials This topic describes the differences between Infor LN 10.2.1 and Infor LN 10.3 in Financials. New and changed functionality Infor LN 10.3 includes this new and changed functionality: Automatic matching of electronic bank statements ( Cash Management) Cross validation rules ( General Ledger) Creation and approval of recurring journal ( General Ledger) Cash Management An entirely new mechanism for automatic matching of bank statement lines and open entries replaces previous Electronic Bank Statement (EBS) processing. Detailed information from the bank statement transaction lines, such as debtor/creditor name or numbers, invoice numbers, or bank charges, can be obtained. This information can then be used to automatically assign the bank transaction to the open items or create journals for the bank charges. You can review this information in the Bank Statement Workbench (tfcmg5610m100) session ( Infor LN UI), and make adjustments to transactions that were not automatically applied. General Ledger Cross validation rules Using cross validation rules you can indicate which combinations of GL accounts and dimension values are valid. For example, if dimension type 1 represents a cost center and dimension type 2 represents a product line, you can indicate whether product line values are valid for particular cost centers. Cross validation rules are applied to all transactions registered in the General Ledger: from automated integration mapping transactions to manually entered journal vouchers. The cross validation rules, which help to reduce data entry errors and improve reporting accuracy, replace the functionality that was previously provided through the Dimension Ranges by Ledger Account (tfgld0509m000) session. Recurring journals Recurring journals can be approved but not all generated journal vouchers. You can submit recurring journals for approval only if the status is set to Released. This status is also required for generating recurring journal transactions. A recurring journal can be approved only if document authorization is applicable. The authorization process is also applicable for reversal transactions. Accounts Payable For new supplier stage payments (SSP) functionality, the Match Stage Payments (tfacp2143m000) session is introduced. Miscellaneous differences Minor enhancements are described in this topic: Miscellaneous differences Related topics Electronic bank statements Supplier stage payments |