Requirements for Australia

For customers to use Financials & Supply Management in Australia, Infor must meet the various statutory, legal, and cultural requirements of the country.

This list shows the requirements that are specific to Australia customers:

  • Accounts payable and purchasing
    • Self-billing for accounts payable
  • Accounts receivable and sales
    • Corrective invoices and adjustments for accounts receivable
    • Direct electronic sales invoicing
    • Sales invoicing
  • Auditing and reporting
    • Payment practices and performance reporting
  • Banking
    • Bank account format
    • Bank statement messaging
    • Customer direct debits
    • Credit transfers
  • Configuration
    • Currency rounding
  • Fixed assets
    • Multiple, concurrent, depreciation methods
  • Taxation
    • VAT declaration
    • Tax ID format
    • Withholding tax processing
    • Customs duty
    • Withholding tax reporting
    • Excise duty
    • VAT reverse charge