General Ledger

This topic describes the differences between the General Ledger module in Infor LN FP3 and in Infor LN FP5 that are not already discussed in other differences topics.

  • Block backdating of transactions

    If you enter a transaction date that is earlier than the most recently used batch date, documents with a higher document number can have an earlier transaction date. This is not always desired or legally allowed.

    To ensure that each financial document of the transaction type has a batch date equal to or later than the batch dates of documents with a lower document number, in the Transaction Types (tfgld0511m000) session, you can select the Block Backdating check box. If you select this check box, LN automatically selects the Documents in Fixed Sequence check box.

    For more information, refer to Block backdating of transactions.

  • To correct the rounding

    You can use the new Round (Non-) Finalized Amounts and Open Entries (tfgld6208m000) session to correct the rounding of amounts that are not rounded according to the rounding factor defined for the transaction currency. If the process results in unbalanced documents, you can use the Correct Unbalanced Finalized Documents (tfgld6209m000) session to balance the rounding differences.

    For more information, refer to To correct the rounding.

  • The following sessions are also introduced:

    • Copy Dimension Ranges by Ledger Account (tfgld0209m000)
    • Ledger Account Settings by Tax Origin (tfgld0127m000)
    • Manual Posting Exceptions (tfgld0148m000)
    • Rate Simulator (tfgld6299m000)
    • Reporting Currency Group's Companies (tfgld0181m000)
    • Reporting Currency Group Setup (tfgld0680m000)
    • Transaction Entry (tfgld1140m000)
    • Transaction Entry Defaults (tfgld0131m000)
    • Transaction Types (tfgld1101m100)
    • Entered Transactions (tfgld1502m100)