Project Progress

You can differentiate the internal and external overheads using the applied and billing rates. In the Detailed Overhead Calculation Results (tpppc6110m000), and Calculate and Apply Overhead (tpppc6120m000) sessions, the following fields are added:

You can perform the cost corrections using historical rates defined for the project. Infor LN allows you to record the transactions in multiple functional currencies (local and reporting). The Multi Currency tab is added to the following sessions:

Cost Forecast check box is added to the Posting Type tab, in the Global Approving (tpppc4200m000) session, to the following group boxes.

To approve the forecasted cost amount, the Approved check box is added to the following sessions:

To approve/unapprove the transactions, Approve and Unapprove options are added to the Reference menu, in the following sessions:

In Infor LN 10.4, you can approve the cost entries using the ION based workflow. The Workflow Status field is added to the following sessions.

You can print the expected profit/loss report by contract or project. The following fields are added:

You can generate interim results for contracts or projects. Infor LN allows you to view, modify, and process the calculated revenue recognition and view the totals of the revenue, cost, and balance for the selected interim result. The Generate Financial Interim Results (tpppc2260m000) session is replaced with Generate Interim Results (tpppc3250m000). The following sessions are added:

Generate IFRS WIP Balance (tpppc3260m000)

When a project is not linked to a contract, Infor LN uses the project information (such as cost rate and sales rate) but not the data from the contract (rates, invoice type, and so on). Infor LN also allows you to create revenue transactions manually in the following sessions:

LN considers the number of labor hours (instead of quantity), for the cost component of the cost type Labor, when calculating the cost and revenues for the project, in the following sessions: