Updates to Accounting and Financials

Vendor Payment Hold

To indicate whether a vendor is on payment hold, a green check or a red exclamation point is now displayed on these forms: Purchase Orders, Purchase Order Lines, Purchase Order Blanket Lines, Purchase Order Blanket Releases, Purchase Orders Quick Entry, and Purchase Order Requisition Lines.

Use of Bank Authority Party ID

The DebitTransfer BOD, which is used in the Infor Local.ly integration, can now populate the Bank Authority Party ID for customers, vendors, and your company. This ID is required for electronic banking in some countries.

Use the Bank Authority Party ID field in the Bank Reconciliations form to specify this ID for customers and vendors. You can then view the Bank Authority Party ID field in the Banking Tab of the Customers, Multi-Site Customers, Vendors or Multi-Site Vendors forms.

The SEPA Creditor Identifier field was removed from the A/R Parameters form, and the Bank Authority Party ID field was added on the General Parameters form. Specify the ID for your company in this field.

Electronic File Transfer Bank Statements

We have enhanced the EFT Bank Statement Import process so that EFT Import is suitable for all EFT formats and not specific to a Bank Statement. Also, the addition of the Bank Reconciliation Utility form shows all the bank records that can be reconciled with the EFT file bank statement and the bank reconciliation records. The A/R Payment Import Archive Path field has been removed from the Accounts Receivable Parameters form. These forms have been removed: A/R Payment Import Mappings, A/R Payment Import Field Mappings, A/R Customer Bank Account, and A/R Payment Import. The A/R Payment Import Conversions form was renamed to Electronic File Transfer Conversions. The A/R Payment Import form was renamed to Electronic File Transfer Imports. We added these new forms: Electronic File Transfer Map Types, Electronic File Transfer Mappings, Electronic File Transfer Code Lists, Electronic File Transfer Map Format Types, Electronic File Transfers Mapped Imports, Bank Reconciliation Utility.

Fixed Assets

Fixed Asset functionality from the Thai Country Pack has been brought into the base product. The Parent Asset Number field has been added to the Fixed Assets form so that a parent/child asset relationship is possible. The Useful Life field on the Fixed Assets form has been changed to allow for year and month rather than just year. We removed the Display Report Header field from the Fixed Asset Current Depreciation Report form. We added the History Fixed Asset Depreciation Report and History Fixed Asset Transfer Report forms.

A/R Payments/Credit Memo Currency

The accounts receivable payments process has been enhanced for consistency when determining currency gains and losses required with foreign currency transactions. No changes to the user interface were made.

Bulk Import of Journal Entries

The Import Journal Entries Bulk form is a new form that allows you to import many entries at one time in a timely manner. We recommend using this form if you have over 100 entries to import.

Multiple Currencies for Customers and Vendors

In addition to the multi-currency features already provided in CloudSuite Industrial, you can now also define multiple currencies for individual customers and vendors, to allow for more complex transaction currency exchange requirements, and so that orders can be specified in a currency other than the customer default currency.

Use these new forms to set up multiple currencies for customers and vendors:

Customer Currency Codes
Vendor Currency Codes

Also, a Currency Codes tab has been added to the Customers and Vendors forms, where you can set up and maintain the currency codes for a selected customer or vendor.

The A/R Payments form has been modified to support multiple customer currencies on an invoice as well as changes to enhance the multi-currency payment enhancements. The tie between payment currency and bank code has been removed so that a payment currency can be entered that is not tied to the bank code. A bank amount and exchange rate has been added to capture the conversion of the payment amount to the bank amount. The payment amount has been converted to the bank amount, and the bank amount converted to the domestic amount. The customer account currency is no longer considered during the payment.

These forms are affected by this new functionality:

Accounts Receivable

A/R Adjustment Posting
A/R Balance History
A/R Payment Distributions
A/R Payment Import
A/R Payment Posting
A/R Payment Transaction Report
A/R Payments
A/R Posted Transaction Detail
A/R Posted Transaction Summary
A/R Quick Payment Application
A/R Wire Posting
Accounts Receivable Aging Report
AR/AP Payment Offset
Cash Receipts Due Report
Consolidated Invoice Generation
Consolidated Invoices Workbench
Consolidated Invoicing
Controller Home
Currency Codes
Customer 360
Customer Euro Currency Conversion
Customer Order Blanket Lines
Customer Order Blanket Releases
Customer Order Document Lifecycle
Customer Order Lines
Customer Order Master Contract Lines
Customer Orders
Customer Orders Quick Entry
Customer Service Home
Customer Statements Report
Customers
Delivery Order Line Sequences
Delivery Order Lines
Delivery Orders
Estimate Invoice Milestones
Estimate Lines
Estimate Projects
Estimate Revenue Milestone
Estimates
Executive Home
History Customer Order Blanket Lines
History Customer Order Blanket Releases
History Customer Order Lines
History Customer Orders
History Estimate Lines
History Estimates
Invoice Milestone Nomination
Invoice Milestones
Invoice Posting
Invoices, Debit and Credit Memos
Item 360
Multi-Currency Parameters
Order Invoicing/Credit Memo
Order Shipping
Pack Workbench
Pick Workbench
Price Adjustment Invoice
Progressive Billing Generation
Progressive Billings
Projects
Rebalance Customer Balances
Rebalance Customer Pay History
Residual A/R Balance Eliminations
Returned Checks
Revenue Milestone
Revenue Milestone Nomination
RMA Line Items
RMAs
Salesperson Home
Shipment Merging

Accounts Payable

A/P Aging Buckets
A/P Balance Report
A/P Balances
A/P Check Printing/Posting
A/P Draft Printing/Posting
A/P EFT Posting
A/P Payment Distributions
A/P Payment Generation
A/P Payment Transaction Report
A/P Payments
A/P Posted Transactions Detail
A/P Posted Transactions Summary
A/P Quick Payment Application
A/P Recurring Voucher Generation
A/P Voucher Posting
A/P Vouchers and Adjustments
A/P Wire Posting
Accounts Payable Aging Report
Activate/Deactivate Posted Transactions
Auto Industry Pack, Purchase Order Master Contract Lines and Purchase Order Master Contract Line Prices
Builder Purchase Order
Buyer Home
Cash Requirements Report
Change Order Detail Report
Change Order Report
Change PO Status Utility
China Localization, AP Account Book
Convert PO Requisition
Copy Purchase Orders
Currency Revaluation Report
Executive Home
External Tax Delivery Documentation
Fiscal Reporting System Form Printing Report
Generate A/P Transactions
Generate Goods Receiving Note Lines
Generate Landed Cost Vouchers
Goods Receiving Notes Lines
GST Input Tax Credit Report
History Purchase Order Blanket Lines
History Purchase Order Blanket Releases
History Purchase Order Lines
History Purchase Orders
Item Price Requests
Landed Cost Variance Report
Letters of Credit By Vendor Report
Manual Voucher Builder
Mexican Localization, IETU Report, VAT AR/AP Transferred Report, VAT A/P Transfer Utility, and Purchasing Workbench
PO Funds Committed Report
PO Voucher Register by Account Report
Posted Transaction – A/P
PST Input Tax Credit Report
Purchase Order Blanket Lines
Purchase Order Blanket Releases
Purchase Order Builder
Purchase Order Document Lifecycle
Purchase Order History by Vendor Report
Purchase Order Lines
Purchase Order Receipts
Purchase Order Receiving
Purchase Order Report
Purchase Order Reset Accumulative Totals Utility
Purchase Order Status Report
Purchase Order Variance By Item Report
Purchase Orders
Purchase Orders Quick Entry
Rebalance Vendor Letters of Credit
Rebalance Vendor Pay History
Recent Purchases Report
Recurring Voucher Distribution
Recurring Vouchers
Requisition PO Comparison Report
Statement of Account Report
Tax Vouchered (Parametric) Report
Vendor 360
Vendor Euro Currency Conversion
Vendor Voucher/Debit Memo Report
Vendors
Void A/P Posted Payments
Void Posted Draft Payments
Voucher Adjustment Distribution
Voucher Authorization
Voucher Authorization Report
Voucher Builder
Voucher Pre-register
Voucher Pre-register Distributions
Voucher Pre-register Report
Voucher Register by Account Report
Voucher Register Report
Voucher Transaction Report
Vouchers Payable Report

Control Over Exchange Rate Overrides

You can now choose whether to allow currency exchange rate overrides, and you can specify the amount by which the rate can be changed. Overrides and thresholds can be set at the system level on the Multi-Currency Parameters form and then changed as needed for individual currencies on the Currency Codes form.

Note: When exchange rates are set by the system, for example, using the A/R Payment Distributions form, these overrides and thresholds are not considered. Also, if exchange rates are already enabled on payment forms, they will continue to be enabled and will not use the new override settings.

IRS Tax Filing

Several new forms and tabs have been added which provide the capability to print, or electronically generate, the IRS 1094C and 1095C tax forms. These new forms include:

Offer of Coverage Code
Safe Harbor Code
1095 Form Printing Report
Insurance, Health tab
Employee Insurance, ACA tab
Employee Insurance, Self Insurance tab

Furthermore, when filing electronic W-2s, you are no longer required to specify the Submitter Location Address fields on the W-2 Electronic Filing form.