| # General Ledger This topic describes the differences between the General Ledger module in Infor LN SP1 and in Infor LN FP2 that are not already discussed in other Differences topics. New and changed functionality Reconciliation In the Operations Management - Financial Reconciliation (tfgld4595m000) session the Show Contra-entry command was added to the appropriate menu. This command starts the Operations Management - Financial Reconciliation (tfgld4595m000) again to display the corresponding debit or credit reconciliation transaction of the selected transaction. Recurring journal instructions In the Recurring Journal Instructions (tfgld0143s000) session, the Create Instructions command was added to the appropriate menu. This command starts the Create Instructions (tfgld0143s100) session, which you can use to generate instructions for a range of months or fiscal periods. Integration transactions The use of the Period Handling by Integration Document Type (tfgld4579m000) was slightly changed and new fields were added for the reporting period and the tax period. LN can also automatically generate exception requests. For details, refer to Period handling for integration transactions. Ledger account characteristics In the Chart of Accounts (tfgld0108s000) session, the Include in Journal Book check box was added. This field is only relevant for integration accounts. Usually, integration transactions must be included in the journal book book. However, for non-statutory integration transactions, you can clear the check box. If you clear the check box, you must define a schedule for automatic transactions for the ledger account, to balance the journal book entry. Transaction type series To support the VAT book functionality, the following fields were added to the Transaction Type Series (tfgld0114m000) session: Tax Year The tax year of the document number. For transaction types linked to a VAT book, this field is mandatory. VAT book transactions can only be processed if the tax year of the document number equals the transaction entry date of the batch. Last Batch Date The transaction entry date of the most recent batch. For transaction types linked to a VAT book, LN stores the last batch date. |