Requirements for Australia

For customers to use Financials and 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