Requirements for India

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

For general setup requirements, see General configuration of the application for India.

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

  • Accounts payable and purchasing
    • Adjustment journals for purchase orders
    • Multiple vendors for a purchase order
    • Information on purchase orders
  • Accounts receivable and sales
    • Corrective invoices and adjustments
    • Electronic cash receipt processing
    • Direct electronic sales invoicing
    • Sales invoicing
    • Tax delivery confirmation
    • Sales transport documentation
  • Auditing and reporting
    • Electronic audit files
    • Balance sheet and profit and loss reports
  • Banking
    • Bank account format
    • Bank statement messaging
    • Payment drafts-AP letters of credit
    • Customer direct debits
    • Vendor direct debits
    • Bank deposit slip
  • Configuration
    • Currency rounding
    • Third party ERP software certification
  • Fixed assets
    • Multiple concurrent depreciation methods
    • Fixed asset by class report
  • General ledger
    • Related party disclosures
  • Inventory
    • Inventory movements report
    • Global item number
  • Taxation
    • GST declaration
    • GST partial
    • Tax ID format
    • GST settlement discount basis
    • Withholding tax processing
    • Tax date
    • GST refund
    • GST sales and purchase books
    • Multiple, coesxistent, indirect taxes-calculation
    • Payments in advance
    • GST only transaction
    • Customs duty
    • Withholding tax reporting
    • GST reverse charge