Infor M3 Country Version for Singapore Configuration Guide

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About this guide
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General configuration
Country version Singapore
Tax registration number
Format of bank account numbers
Book of accounts and voucher numbers
Journal number
Storno accounting – a debit and credit code
Periodic or perpetual accounting method
General ledger
Profit and loss report
Balance sheet report
Cash flow statement
General ledger report
Trial balance report
Voucher report
Business segment reporting – IFRS 8
Unrealized currency gain and loss – IAS 21
Accounts receivable
Accounts receivable balance report
Accounts receivable invoice report
Reminder letters and penalty interest processing
Customer payment processing
Customer direct debiting
Electronic invoicing
Accounts payable
Accounts payable balance report
Accounts payable invoice report
Supplier payments
Electronic supplier payments
Supplier tax deduction or withholding tax
Fixed assets
Depreciation
Fixed asset impairments – IAS 36
Revaluation of fixed assets – IAS 16
Current assets
Inventory valuation – IAS 2
Work-in-progress valuation – IAS 2
Taxes
Goods and services tax – a value added tax
GST periodic reporting
Audit and accounting
Electronic audit files – SAF-T
Configuring the output folder
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