Requirements for United Kingdom

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

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

This list shows the requirements that are specific to United Kingdom customers:

  • Accounts payable and purchasing
    • Unrealized currency gains and losses
    • Self billing - AP
  • Accounts receivables and sales
    • Direct electronic sales invoicing
    • Penalty interest invoicing
    • Legal debtors
    • Multiple exchange rates per invoice
    • Electronic cash receipt processing
  • Auditing and reporting
    • Balance sheet, profit and loss, and cash flow reports
    • Payment practices and performance reporting
  • Banking
    • Bank account format
    • Bank deposit slip
    • Bank statement messaging
    • Credit transfers
    • Customer direct debits
    • Vendor direct debits
  • Configuration
    • Numbers as words
    • Company ID format
    • Date formats and currency codes
  • Fixed assets
    • Depreciation methods
  • General ledger
    • Translating foreign currency statements
  • Taxation
    • Tax ID format
    • VAT credit
    • VAT partial
    • VAT EU intrastat
    • VAT on eServices
    • VAT settlement discount basis
    • VAT triangulation
    • VAT reverse charge
    • VAT split payment mechanism
    • Withholding tax reporting
    • Withholding tax processing
    • Third-party ERP software certification
    • EU sales listing