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<s>[INST] In the context of INFOR Docs, tell me about Insurance methods? [/INST] Insurance methods Insurance methods are assigned to an asset. These are used to identify the cost of an asset's replacement in case of a loss. Each method can be constructed to include the cost of an asset and procurement and installation costs. Insurance methods are used to identify the risk exposure and the appropriate level of insurance that is required to protect against a loss. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating insurance methods? [/INST] Creating insurance methods Select Financials > Asset Accounting > Asset System Setup > Depreciation and Valuation Methods > Insurance Methods. Click Create. Specify an insurance Method name and Description. On the Compute Detail tab, specify this information: Formula Select the depreciation formula that is used to calculate the insurance amount. This field is a formula that consists of numbers, dictionary items, parentheses, and mathematical operators. Optimization Method Select a insurance optimizing method. To switch this insurance method, select the check box in the Method Switch field when you specify depreciation books in Books. Straight Line Calculation Select whether the straight line calculation is Default , Original , Mixed, or Not Applicable. On the Annual Percent tab, specify an annual percentage for each year that the asset remains in service. The insurance amounts are calculated as a percentage of the asset cost. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Replacement methods? [/INST] Replacement methods Use the replacement method to calculate the replacement cost of an asset. To report on the cost of replacing an asset, you must specify a replacement calculation method. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating replacement methods? [/INST] Creating replacement methods Select Financials > Asset Accounting > Asset System Setup > Depreciation and Valuation Methods > Replacement Methods. Click Create. Specify a replacement Method name and Description. On the Compute Detail tab, specify this information: Formula Select the depreciation formula that is used to calculate the replacement amount. This field is a formula that contains numbers, dictionary items, parentheses, and mathematical operators. Optimization Method Select a depreciation optimizing method. To switch this replacement method, select the check box in the Method Switch field when you specify depreciation books in Books. Straight Line Calculation Select whether the straight line calculation is Default , Original , Mixed, or Not Applicable. On the Annual Percent tab, specify an annual percentage for each year that the asset remains in service. The replacement amounts are calculated as a percentage of the asset cost. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating a unit of production for the calculation methods? [/INST] Creating a unit of production for the calculation methods Select Financials > Asset Accounting > Asset System Setup > Depreciation and Valuation Methods. Select Depreciation Methods , Insurance Methods , or Replacement Methods. Open a record. On the Units Of Production tab, click Create. Specify this information: Year Specify the year for the unit of production. Convention Select whether the convention for the unit of production is Actuals Or Estimates , Actuals Only , or Estimates Only. Estimated If you define a unit of production table by year, then specify the estimated units of the production the asset produces. Actual To define a unit of production table by year, specify the actual units of production for the asset at the end of each year. The sum of the Actual must be less than or equal to the Total Estimated Units. Click Period Detail. Specify this information: Annual Estimated Specify the annual estimated units of the production the asset produces. Annual Actual Specify the annual actual units of the production the asset produces. Convention Select whether the convention for the unit of production is Actuals Or Estimates , Actuals Only , or Estimates Only. On the Method Periods tab, specify the Estimated and Actual periods. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Depreciation projections? [/INST] Depreciation projections There are two depreciation projections processes: The projection is run from the Asset Book page. Projections are based on the data in the Asset Book record. Run Depreciation Projection Options from the Depreciation and Valuation Methods menu. You can define the parameters and view the annual depreciation. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating depreciation projections? [/INST] Creating depreciation projections Select Financials > Asset Accounting > Asset System Setup > Depreciation and Valuation Methods > Depreciation Projection. Click Create. Specify this information: Projection Specify a name to the projection value, depreciation method, or life that the projection represents. Description Provide a description for the projection parameter. Book Select the book. Company Select a company number. Method Select a depreciation method for each book. OR Custom Compute Select a custom compute from Custom Computes. Note: Method in Asset Book is not available for Depreciation Projection. Convention Select a depreciation convention for this book. This convention is used to determine how depreciation is calculated for the first year and the last year that an asset is in service. The value that you select is a default value and is modified when you assign a book to an asset. For a detailed list see: Depreciation conventions. In Service Date Select the in-service date for the asset. If this field is blank, then the item purchase date is the default. Basis Specify the amount on which the depreciation calculations are based. This amount can differ from book to book. Life Specify in months an asset life that is used if the business use falls below the qualifying percentage. Life Remaining Specify in months the remaining asset life. If this field is blank, then it is equivalent to the asset life. Year Placed In Service Specify the number of years that the asset has been in service. This field is tracked by the process. Salvage Value Specify the salvage value of the asset at the end of the asset's life. Year To Date Depreciation Specify the year-to-date depreciation amount for the asset. Life To Date Depreciation Specify the life-to-date depreciation amount for the asset. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Running depreciation projection results? [/INST] Running depreciation projection results Select Financials > Asset Accounting > Asset System Setup > Depreciation and Valuation Methods > Depreciation Projection. Open a projection record. Select Actions > Create Projections. Click Projections to view the results. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating custom computes? [/INST] Creating custom computes Select Financials > Asset Accounting > Asset System Setup > Depreciation and Valuation Methods > Business Class Computes. Click Create. Specify this information: Custom Compute Assign a name to identify the compute you are creating. Description Provide a description for the custom compute. Effective Date Select a date the compute takes effect. Business Class Set to Asset Book for computes that are used for asset depreciation calculations. On the Editor tab, provide a description for the custom compute subjects. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Asset tax credit tables? [/INST] Asset tax credit tables Asset tax credit tables are used to define tax credit percentages and year-by-year recapture percentages for assets. You use this when you convert assets that you have taken on investment tax credit. You define tax credit tables according to Federal or state tax guidelines. Before you define and use tax credit tables, you must consult your tax advisor. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating asset tax credit tables? [/INST] Creating asset tax credit tables Select Financials > Asset Accounting > Asset System Setup > Asset Tax Credit Tables. Click Create. Specify this information: Asset Tax Credit Table Specify a asset tax credit table code and description. Tax credit tables are used to calculate tax credits. In the Percentages section, specify this information: Qualifying Percentage Specify a qualifying percentage for the tax credit table. This value identifies the percentage of an asset's depreciable basis that qualifies for a tax credit. If this field is field blank, then 100 percent is used. Tax Credit Percentage Specify a tax credit percentage for the tax credit table. This value is applied to the qualifying percent to calculate the tax credit. Basis Reduction Percentage Specify a basis reduction percentage for the tax credit table. This value is used to calculate an asset's depreciable basis. Each year, the depreciable basis is reduced by the percentage you specify. In the Recapture Percentages By Year section, specify the percentage of the tax credit to recapture if an asset is disposed or retired before its service life is expired. The total percentages must be 100 percent. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Personal use codes? [/INST] Personal use codes Personal use codes are used to determine the affect of depreciation and tax credits if an asset falls below a certain percentage of business use. It is also used to set annual depreciation limits for listed assets. Under U.S. Federal tax laws, the passenger automobile property type is limited in the amount of depreciation that can be annually taken. Calculating Depreciation for Listed Assets Under the Depreciation Limits tab for the personal use code annual depreciation limits can be defined for an asset. The listed asset's annual depreciation is calculated twice: One time using the asset's designated depreciation calculation method One time using the specified depreciation limit The lower of these two annual depreciation values is selected by the asset accounting solution as the annual depreciation for the listed asset. If the depreciation limit for a personal use code is used as the annual depreciation for any of the years that an asset is in service, the asset's basis is not fully depreciated by the end of the asset's standard life. In this case, you can give the asset a new life span called a recovery period. The recovery period can use the asset to continue depreciating until the asset's basis reaches zero. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating personal use codes? [/INST] Creating personal use codes Select Financials > Asset Accounting > Asset System Setup > Personal Use Codes. Click Create. Specify this information: Book Select the book that is associated with the personal use code. Personal Use Code Specify a personal use code and description. In Depreciation Options section, specify this information: Qualifying Business Use Percentage Specify a qualifying business use percent value. This field refers to the percentage of business use an asset must maintain. If the percentage drops below this limit, then the recapture, life, and method changes go into effect. Life Specify in months an asset life that is used if the business use falls below the qualifying percentage. Recapture Depreciation Below Qualifying Percentage Select this check box if the Asset Accounting recaptures depreciation when business use percentage drops below the qualifying percentage. Change Method Below Qualifying Percentage Select this check box if the Asset Accounting changes the depreciation method if the business use drops below the qualifying percentage. If you select this check box, then specify an alternative method in the Methods field. Optional Depreciation Method Select the name of an optional depreciation method. This method must be specified on Methods If you specify a value in this field, then select the check box of Change Method Below Qualifying Percentage. In the Tax Credit Options section, specify this information: Recapture Tax Credit Below Qualifying Percentage Select this check box to recapture tax credit when business use drops below the qualifying percentage. The qualifying percentage is defined in the Qualifying Business Use Percent field. Tax Credit Limit Specify a tax credit limit amount if the business use percentage drops below the qualifying percentage. Recapture Tax Credit Below Prior Year Use Percentage Select this check box to recapture tax credit when business use drops below the previous year's business use. Tax Credit Limit Specify a tax credit limit amount if the business use percentage drops below the previous year's use. In the Annual Depreciation Limits section, specify this information: Allow Annual Depreciation Limit Select this check box if the annual depreciation limits are specified for the personal use code. If you select the check box, then specify the depreciation limits. Allow Post Recovery Deduction Select this check box the remaining book value of an asset is depreciated by the system when it is not fully depreciated over its asset life. Annual Depreciation Limits Specify up to 20 maximum allowable limits for depreciation for a recovery year. If the amount is zero, then no limit is specified for the year. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Book groups? [/INST] Book groups Book groups are collections or categories of books that are processed or reported. You can use book groups to perform the same process or to run the same report for multiple books. Be careful when you combine books that have calendars with an unequal number of periods. During book group processing, you can close the last period of the year for some books and close mid-year periods for others. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating book groups? [/INST] Creating book groups Select Financials > Asset Accounting > Asset System Setup > Book Groups. Click Create. Specify the name for the Book Group and the Description. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Asset guideline class? [/INST] Asset guideline class A setup list for Asset Guideline Class records is available on the asset setup menu. Use it to create and maintain the mast list of asset types for which default parameters are stored. Asset guideline classes will then be assigned to asset level records. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating asset guideline classes? [/INST] Creating asset guideline classes Select Asset Accounting > Asset System Setup > Asset Guideline Classes. Click Create. Complete the fields. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Asset guideline class regulation? [/INST] Asset guideline class regulation The Asset Guideline Class Regulation business class is created to identify the default values for each guideline class that is specific to each ADS or GDS regulation. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating asset guideline class regulations? [/INST] Creating asset guideline class regulations Select Asset Accounting > Asset System Setup > Asset Guideline Class Regulations. Click Create. Specify this information: Finance Enterprise Group This is the default value for the actor for the actor context. Asset Guideline Class Specify the name of the guideline class the records are valid for. The asset guideline class and the book regulation are used as default values. Book Regulation Specify the book regulation. The value in this field is related to the record of a book having a common default regulation. Active Select an asset guideline for new assets. Note: There is an active flag on the Asset book. This field does not get passed the asset book to make that record inactive. The Active field restricts the ability to use the active guideline class. Effective Date The effective date is used to identify the valid set of parameters using the asset book in service date. When an asset is created, the first active Asset Guideline Class Regulation having an effective date prior to the in service date is selected. The defaults from that record are then assigned to the asset book. Life Specify the asset recovery period. Method Specify the depreciation method. Convention Specify the depreciation convention. Classification of Property Select the classification of the property. Depreciable Intangible Select if an asset is intangible and depreciable. Personal Use Code Specify the personal use code. This includes a tax limit table. Cost Recovery System Select ACRS or MACRS. Property Type Select 1245 or 1250 This will indicate that the asset was purchased as a section. Business Percent Specify the assets percent of use that is business related. This field is used to identify the bonus amount that is assigned to the asset book by multiplying this percent to the asset cost. Asset Tax Credit Table Specify the tax credit table. Qualified Improvement Select if the property is a qualified improvement, a leasehold improvement, or not a leasehold improvement. First Year Expense Percent Specify the amount to expense in the first year. This percent will be multiplied by the Asset Cost to identify the First Year Expense Amount. Salvage Percent Specify the percent of the asset cost that is identified as salvage value. Listed Select this option if the asset is listed. Indian Reservation Select this option to indicate that the asset is located within the boundaries of an Indian reservation. Farming Select this option if the asset qualifies for special tax treatment that is provided for agricultural applications. Foreign Property Select this option if the property is located outside of the US. Low Income Housing Select this option if this asset qualifies for low income housing. Section 179 Select whether this asset qualifies for Section 179. Non Conforming Select this check box if the assets that are assigned values are inconsistent with regulatory requirements. Mineral Reserves Select this check box if the assets which qualify for special treatment related to the mining industry are indicated. Transitional Rule Flag This field is used to identify assets that are migrated from a legacy system because of an acquisition and may require special consideration. Used Select this check box if the asset was purchased used. This field is available on the Asset. The Asset field is also the default value of the asset book field. If the Asset field is not filled the Asset Guideline class is, the specified value will be assigned to the asset book. Click Save. Note: You can replicate an existing asset guideline class and assign a different name and a required variation of the defaults. There may be a change in the required life or method. Replicating and assisting records can assign a new effected date that correlates with the date that the new rule takes effect. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Asset groups? [/INST] Asset groups Asset groups are categories of assets that you can use to reference, process, or simultaneously report on several assets. To group certain assets for reporting purposes, you can assign an asset group to them. For example, some assets are related but depreciate over different lives: Asset Group = BLDG (building) Asset number Description Life 2004 Building 30 years 2050 Roof 15 years 2071 Parking lot 10 years .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating asset groups? [/INST] Creating asset groups Select Financials > Asset Accounting > Asset System Setup > Asset Groups Click Create. Specify the Asset Group name and the Description. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Asset summary groups? [/INST] Asset summary groups Use asset summary groups to group multiple assets so they can be viewed as if they are a single asset. When you inquire on the summary group, all assets that are related to the summary group are summarized as if they are a single asset. All assets in the group must have similar asset setup so that they post to the same accounts. The Assets tab shows all of the assets in the group and their values. The Items tabs shows all of the items of all assets in the group and their costs. The Books tab shows each asset book for the assets in the group, their in service date, basis, LTD, and YTD depreciation. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Asset mass selections? [/INST] Asset mass selections Mass selection is used to create and name a group of assets to update as a group. Transfer , Adjustment , and Disposal processes can all take advantage of this feature to perform a similar update to multiple assets. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating asset mass selections? [/INST] Creating asset mass selections Select Financials > Asset Accounting > Asset System Setup > Mass Selections. Click Create. Specify this information: Selection Name Select a name for this selection of assets to adjust. Mass Selection Type Select the mass selection type. Select All Select Yes to select all of the displayed assets. On the Main tab, specify this information: Company Select a company number. Location Select assets by location. Location Detail Select assets by location detail. Division Select assets by division. Asset Group Select assets by asset group. Type Select assets by type. Asset Account Group Specify account information for the asset account group. Asset Dimension Group Specify account information for the asset dimension group. Default Transaction Dimensions Specify the default transaction dimensions for the mass selection. Simulated Select this check box if the mass selection is simulated. Click Save. The Asset Adjustment tab is now available. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Asset Accounting fund accounting? [/INST] Asset Accounting fund accounting When a finance enterprise group implements fund accounting, a Fund Override check box will be displayed on the asset form. When selected, the Funds tab is displayed. You can create a record for each fund contributing to the assets purchase by specifying the contribution percentage for each fund. These percentages are used to allocate transactions created for the asset to each fund. If Fund Override is not selected, the fund allocation can be specified at the asset item level. You can specify the contribution percentage of multiple funds for each item in the Funds panel. These item level specifications are aggregated up to the asset level. Upon release, the contribution percentage of each fund is used to allocate the related transactions to each fund of the asset. The entire asset cost must be allocated prior to release whether allocating at the asset or asset item level. The existing asset account and dimension group definitions are used to create the transactions. When an asset is subject to fund allocations these transactions are allocated using a calculation as it is released. The calculation multiplies the transaction amount of each transaction by the contribution percentage of each fund to identify the portion of the transaction to be posted to that fund. This amount is then assigned to a copy of the original transaction with that fund appended to the transactions code block. If neither asset nor item allocations are assigned, the transactions will be processed without additional allocations. When fund accounting is enabled, the fund dimension is required by the default code block so the resulting transactions will post 100% to the fund specified in the default dimension group. The interface processes from project and procurement systems create and update the fund allocations based on the fund assigned to the transaction. The transaction is then pushed into the asset system. Project capitalization is driven by selecting GLTransactionDetail records and using them to identify the value of a resulting asset. Each transaction may contain a different fund. The transactions related to each fund are grouped to identify the contribution percentage. The asset level allocation is automatically created as the asset and asset item are created. You can enable fund accounting by running the Turn On Fund Accounting action for the finance enterprise group. Asset Fund Control The Asset Fund Control is a single form located on the Asset System Setup menu. This will be created automatically when Fund Accounting is enabled for the Finance Enterprise Group. The Fund Dimension will automatically be selected through a check box as it is created. If you have already implemented fund accounting, you must manually create this record. You must also select the identified fund dimension in the finance enterprise group. Other dimensions may be added but when a dimension is selected it cannot be unselected, nor can the Asset Fund Control record be deleted. If the finance enterprise group is changed to disable fund accounting, the existing fund allocations will no longer be performed, but if the funds are assigned to assets, the asset fund control record will be retained. This will allow the fund accounting flag to be again turned on to restart the fund allocation processing. All transaction types will be displayed and a check box for each will allow the user to select those transactions to be allocated. No transactions will be selected initially so these must be considered when creating this record and even if the control record is created automatically, it must be updated so that the allocation is performed for the selected transaction types. Note: If an additional dimension is selected in the Asset Fund Control, that dimension will appear as available in the fund allocation but will not impact existing fund allocations. If the fund allocation is changed to add a value to the new dimension, it will be incorporated in the allocation going forward. These are the new lists incorporating the new dimensions: AssetFund AssetItemFund AssetImportFund AssetItemImportFund AssetInterfaceFund .</s>

<s>[INST] In the context of INFOR Docs, tell me about Pricing setup? [/INST] Pricing setup Before you can set up pricing for your company, you must set up your billing company. You must set up item prices for your billing process. You can set up varying item prices based on criteria such as the customer who places the order, the order date, and the order quantity. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Default pricing hierarchy? [/INST] Default pricing hierarchy The default pricing hierarchy is a structure used in Billing to determine the item price for the customer. The pricing hierarchy is set up according to price lists. The default pricing hierarchy consists of a series of levels that determine the final price for an item. This table shows the order that is used to determine the final price. Price Override Contract by Item Contract by Sales Class Contract Level Promotion by Item Promotion by Level Price List by Item Price List by Sales Class Price List You search for prices from the top down. For example, if you specify an override price on the order, then that becomes the sell price. If you do not specify an override price, then the hierarchy looks for a contract at the item level, and so on. When a pricing percent is found, it is multiplied by the price base to get the final price for an item. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Amalgamated pricing? [/INST] Amalgamated pricing Amalgamated pricing is a pricing option that you can use to provide quantity break pricing across multiple order lines. Quantity break pricing provides discounts based on the order totals of a particular item. Amalgamated pricing is used to group separate order lines with similar items to offer a quantity break price on items that are priced independently. For example, an office supplier sells ball point pens in three colors: red, blue, and black. Each color is independently priced on a separate order line. The office supplier offers a 15% discount on pen purchases of 30 boxes or more. Normally, the customer must buy 30 boxes of one color to receive the discount. If the office supplier groups the pens as amalgamated, then the customer can purchase 10 boxes of blue, 10 boxes of red, and 10 boxes of black and still receive the discount. If you use amalgamated pricing, then order or invoice entry requires a special group pricing action code. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Location-based pricing? [/INST] Location-based pricing Location-based pricing is used to define item prices at the company or location level. Using this pricing method, you can define a different price base for the same item at different inventory locations. Each inventory location has a different price base name. When you change a price base for an item at one location, the change does not affect the price base at other locations. Use this method when the company has many inventory locations. You can vary prices for an item based on the location from which it is shipped. When you select this option during company setup, you must specify a location for each base price. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Pricing using multiple units of measure? [/INST] Pricing using multiple units of measure Your company can price the same inventory item in different units of measure. For example, soft drinks are priced by case, by 6-pack, and by each. The price base for each unit of measure (UOM) is as follows: Pricing unit of measure Price base Case $9.60 6-pack $3.00 Each $0.75 A customer orders 32 cans. Because the price is different for each unit of measure, one line is displayed on the order. The pricing Drill Around shows three units of measure for pricing. Pricing unit of measure Price base One case $9.60 One 6-pack $3.00 Two each $1.50 The invoice order total is $14.10. To define units of measure for an item, see the Inventory Control User Guide. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Pricing using multiple currencies? [/INST] Pricing using multiple currencies Multiple currency pricing is controlled by the way in which you set up the billing company. When you price items in multiple currencies and your company is set up that way, you have several options. If you do not want to price in multiple currencies, all of your pricing setup happens in the base currency for the company. The only requirement is a conversion from one currency to another based on the base currency for the customer. If you choose to price in multiple currencies, your pricing definition requires certain pricing parameters, or price bases, that are stored in different currencies. Currency-based pricing If your company uses multiple currency pricing, then you can use the currency-based pricing method. Currency-based pricing is used to price an item according to the currency in which the customer orders. Because the price is based on the currency exchange rate, the price is subject to exchange rate fluctuations. You assign a price base to each currency in which customers can order their items. To calculate the customer price, you must decide whether to calculate the price base in your base currency or in the order currency. You must make this decision at the company level. To calculate the customer price in the order currency, you must select currency-based pricing. These examples show how your multiple currency pricing decisions and the currency-based pricing method affect the outcome of your pricing strategy: Example Multiple Currency field Currency-based pricing field 1 No No 2 Yes Yes 3 Yes No Example 1 You and your customers share the same currency. No multiple currency issues or requirements exist. Example 2 Your company has clients in the United States, France, and Germany. You process invoices in other currencies. Dollars and Euros have unique price bases assigned to them. This situation implies that at least some of the items that you sell are stocked in warehouses in different countries. It also implies that the sell price of these items is based on your cost in the local currency. In this situation, you must establish base prices for these items in multiple currencies. Item Price base name Price base Price list FR-44PE US Dollar $10.00 90% EURO EUR 10.00 90% A customer in France orders 10 FR-44PE items. The pricing details are: Price base that is assigned for francs is EUR 10 for each FR-44PE item. Order total is 100 Euro (10 * EUR 10). Price list for this customer is a 10 percent discount off of the base. So the final price that is printed on the invoice is 90 Euro (EUR 100 * 90 percent). The price is converted from Euro to your base currency before sending transaction data to the global ledger. Example 3 You process invoices in multiple currencies but do not want currency-based pricing. Several clients are based in other countries. Prices do not vary based on the market. Because prices are stable, do not define a base for each currency that is used. A French customer orders 10 FR-44PE items. The currency that is assigned to this customer is Euro, so the order total is $100.00 (10 * $10.00). The price is calculated in your base currency and does not convert it to Euro until the order is created or items are re-priced. Then the base currency total is multiplied by the currency exchange rate and the total is printed in Euro on the invoice. The base currency amount is stored and transaction data is sent to Global Ledger. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Broken case charge? [/INST] Broken case charge A broken case charge is an add on charge that you can assign to price modifiers. You can use broken case charges when the customer orders an item quantity where multiple units of measure are required for pricing. The charges apply to items with more than one pricing unit of measure. If you know that your prices already include broken case charges, then do not add these charges to the invoice. The price that is charged to a customer is the same amount, regardless of the unit of measure that is used at order entry. For example, a customer orders 39 cans of soda pop. You price soda pop by case, by 12-pack, and by each: Pricing unit of measure Price Case (24-pack) $10.00 12-pack $5.50 Each $0.50 The are broken case charge for this customer is $10.00. The table shows the pricing for the orders: Order quantity Pricing for each UOM Final price 1 case (24) $10.00 $10.00 1 12-pack $5.50 $5.50 3 each $0.50 $1.50 You can determine whether a customer gets a broken case charge when you set up the customer's ship to information in Billing. The order total is $17.00. The broken case charge of $10.00 is printed on the invoice and is added to the order line. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Sell price unit of measure? [/INST] Sell price unit of measure A sell price unit of measure (UOM) is the UOM that you use to price items. You can have multiple sell price UOMs for any inventory item. You are not required to establish a base price for each valid unit of measure. If you specify a UOM other than the default, then you must provide a base price for that UOM. An item can have a different Sell Quantity UOM than Sell Price UOM. When calculating the price for the item, the quantity is converted to the smallest UOM available using any valid sell price UOM conversion process. Sell Price UOM Example A company sells soft drinks in cases, six-packs, and individual cans (each). UOM Price Case 9.60 Six-pack 3.00 Each.75 A customer orders 39 cans. The ordered quantity is calculated to determine that the quantity fills 1 case, 2 six-packs, and 3 each. If the quantity on the invoice requires multiple units of measure to be shipped, then the line may be eligible for a broken case charge. You can assign broken case charges to price lists, promotions, and contracts. For information about setting up customer eligibility for broken case charges, see the Receivables User Guide. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Price base? [/INST] Price base A price base is the starting price for an item and the base from which you build your pricing structure. For example, you use the price base of an item to calculate price markups or discounts for that item. You can derive the price base from the manufacturer's suggested retail price, your list price, or your item cost. You must assign each item to at least one price base. Depending on the flexibility requirements in your pricing structure, the same item can belong to more than one price base. Each price base must have a unique name, as shown in this example. Item Price base name Price base FR-44PE COST $23.75 LIST $35.00 CAT $30.00 You can update price bases using worksheets. Worksheets can be used for mass price base updates. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating price bases? [/INST] Creating price bases A price base is the cost or the list price of an item. You can adjust a price base up or down by a price modifier to calculate the final price that you charge for the item. Select Financials > Billing > Setup > Item Related Setup > Price Base. Click Create. Specify this information: Company Select a company number. Location Select the inventory location that contains the items for the price base. If you selected location-based pricing during company setup, you can identify the base list by location to define a price base. Item pricing can differ depending on the location from which the item is shipped. For example, BASE1 can be displayed on this form several times with a different price for each inventory location. Currency Select the currency code to use to create the price base for the order. Base Name Specify a unique name and description for the price base record. Description Provide a description for the base name. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Adding price base items? [/INST] Adding price base items Select Financials > Billing > Setup > Item Related Setup > Price Base. Select an price base record. On the Items tab, click Create. Select the item. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Price base modifier? [/INST] Price base modifier A price base modifier is a generic term that refers to a set of pricing parameters that adjusts or overrides a price base. The price modifier may adjust the price base either up or down. The three types of base price modifiers in the Billing solution are price lists, promotions, and contracts. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Price lists? [/INST] Price lists A price list is a price base modifier that contains pricing parameters that you define for items. In general, a price list points to a specific price base. You can optionally set up parameters for a price list that modify the price base to create a sell price. You can use the same price list for one or many customers. You must assign at least one default price list to each customer. You can also assign a second price list to the ship to location for each customer. The ship-to price list overrides the default price list for a customer. When you set up price lists, you determine the complexity of the pricing structure by the parameters that you specify. For example, you can specify that the sell price of items is 90% of the base price. For pricing structures that are complex, you can specify parameters that determine the sell price of the item by item sales class or by individual item. You can also set up multiple price lists for the same group of items. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating price lists? [/INST] Creating price lists You can modify the price base with price lists. You assign price lists to a customer or to a group of customers that can share a price list. Select Financials > Billing > Setup > Item Related Setup > Price List Contract Promotion. Click Create > Create Price List. Specify this information: Company Select a company number. Price List Specify the price list and a description. On the Price List tab, specify this information: Currency Select the currency for the price. Location Select the location for the billing. Base Select the price base that is modified by the price list. Default Percent Specify the percentage to be multiplied by the price base specified for an item to arrive at an item's price. Discount Code Select a discount code at this level. Broken Case Charge Select the account information on broken case charges. Broken case charges are printed on the invoice for each order if the lines are priced using multiple units of measure. Click Save. The Sales Class and Item tab is now available. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating price list sales classes? [/INST] Creating price list sales classes Use this procedure to assign a price list and a discount to items that are within a specific sales class. Select Financials > Billing > Setup > Price List Sales Class. Click Create. Specify this information: Company Select a company number. Price List Select a price list. Major Sales Class Select the range of sales classes that are affected by these pricing options. Items are assigned to this major sales class unless they are overridden by price list parameters that are defined for the item. Minor Sales Class Select the range of sales classes that are affected by these pricing options. Items are assigned to this major sales class unless they are overridden by price list parameters that are defined for the item. Prohibit Sales Select this check box to prohibit customers who are assigned to this price list from ordering items within this sales class. No Charge Select this check box if items in this sales class have no charge when they are ordered and priced using this price list. Amalgamated Pricing Select this check box to use amalgamated pricing. Amalgamated pricing is used to offer a price break to customers who order a certain quantity. Discount Code Select a discount code to automatically add it to every line of an order when item prices are calculated using this price list. Break quantities Specify 9999999 to override the percentage of a sales class without creating quantity breaks. Break percents Specify the upper limit of the item order quantity if special pricing percentages apply for items in a specific sales class. This is based on quantities ordered. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating price lists for items? [/INST] Creating price lists for items Select Financials > Billing > Setup > Item Related Setup > Price List Contract Promotion. Select a price list. Click Create. Select an item code. On the Options tab, specify this information: Prohibit Sales Select this check box to prohibit ordering items that are priced using the Price List Item record. No Charge Select this check box if this item is sent to a customer free of charge when it is ordered and priced using this price. Discount Code Select the discount code to be used on the price list parameters. If you place this discount code on any of the price modifiers, then all priced items with that modifier are affected by this discount code. Quantity Pricing Code Select the quantity pricing code that determines how the price base is modified by the Price List Item record. Unit of measure This field is display only. Upper limit Specify up to six upper limits for item order quantity. Use these if special pricing percentages are applied for a specific item, depending on ordered quantities. Percent Specify up to six upper limits for item order quantity and percentages. Use these if special pricing percentages are applied for a specific item, depending on ordered quantities. Unit add-on Specify up to six add-on charge amounts to assess each selling unit of measure of the ordered item. This applies if the quantity is less than or equal to the upper limit. Override price Specify the overriding price to be used if the quantity of the item exceeds the upper limit. When a negative amount is specified, then there is no editing done to determine if the price base goes negative. On the Multiple Units of Measure tab, specify this information: Unit of Measure Pricing Code Select the unit of measure pricing code to determine how the price base for this item is modified by the price list item record. It is applicable if the item is priced using multiple units of measure. Percent Specify the percentage. This is multiplied by the price base for the item to determine the item price. Unit add-on Specify a positive or negative dollar amount. Override Price Specify an override price for the item This price overrides all other price. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Price books? [/INST] Price books Price books can be used to list prices within a specific price base. You can attach general comments to that price book, or to a sales class or item within that price book. In the price book, you can include up to three different price lists that are associated with the price base that you define. When you create a price book, you define the base price and up to three price lists from which to retrieve item prices. The prices from each price list are printed on the price book. You can assign comments to a price book at the beginning of the price book, at the sales class level, or at the item level. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating and printing price books? [/INST] Creating and printing price books Select Financials > Billing > Setup > Item Related Setup > Price Book. Click Create. Specify this information: Company Select a company number. Price Book Specify a price book for the list of prices within a specific price base. Provide comments to attach to that price book. Location Select the inventory location if your company uses a location-based pricing when defining the company. Currency Code Select the company's base currency code. Column 1, 2, and 3 Price List Select up to three price lists that are printed in columns 1, 2, and 3 of the price book. Comments Provide up to ten comments. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating price book sales class comments? [/INST] Creating price book sales class comments Select Financials > Billing > Setup > Price Book Sales Class Comment. Click Create. Specify this information: Company Select a company number. Price Book Select a price book identifier. Sales Class Select a major and minor sales class. Comments Provide up to 10 comments to a price book at the sales class level. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Contracts? [/INST] Contracts A contract is a price base modifier that contains unique, date-sensitive pricing parameters. Unlike a promotion, a contract is assigned to a specific customer. Contracts are optional and, like promotions, can be assigned to items and sales classes. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating a contract? [/INST] Creating a contract Using contracts, you can modify the price base for a specific customer for a specific period of time. Select Financials > Billing > Setup > Item Related Setup > Price List Contract Promotion. Click Create > Create Contract. Specify this information: Company Select a company number. Customer Select a customer number. Contract Specify the contract and the description. On the Contract Data 1 tab, specify this information: Effective Dates Select the dates that this contract is in effect. Inventory Location Select the inventory location. Base Select the price base that the contract modifies. Default Percent Specify the default percentage to multiply by the item's price base to calculate the item's price. Contract percentages that are assigned to sales classes or individual items override this default percentage. Discountable Select this check box if the order lines are included in the total amount on which the order discount is based. Discount Code Select the discount code. This discount is automatically applied to the item price. Currency Select the currency that is in effect for this contract. If this field is blank, then orders in any currency can be priced using this contract. Contract Rate Select the currency rate that is in effect for this contract. If this field is blank, then the rate that is specified on the currency code at the time of invoicing is used. Broken Case Charge Apply an add-on charge that is assessed when the contract is used and when a line is priced using multiple pricing units. The minimum and maximum amount parameters are informational. No processing functionality is tied to them. On the Contract Data 2 tab, specify this information: Date Select the date indicating when the contract is approved and signed. Contact Specify the name of the customer that can be contacted regarding this contract. Phone Country Code/Phone Number/Extension Select the phone country code and specify the telephone number/extension. Previous Contract Specify the number that is used to reference the previous contract. Customer Reference Specify a reference number for the contract. Minimum Amount Specify the minimum sales amount for the contract. Maximum Amount Specify the maximum sales amount that is permitted for the contract. This amount is printed on a report of actual contract sales. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating contracts for sales classes? [/INST] Creating contracts for sales classes Select Financials > Billing > Setup > Item Related Setup > Price List Contract Promotion. Select a contract record. On the Sales Class tab, click Create. Specify this information: Sales Class Select a sales class. Prohibit Sales Select this check box to prohibit ordering items that are priced using this contract sales class. No Charge Select this check box if items will be sent at no charge to the customer when they are ordered and priced using this contract. Amalgamated Pricing Select this check box to use amalgamated pricing for items ordered from a sales class. Discount Code Select a discount code to assign to the contract. Break quantities Specify quantity break pricing that provides discounts based on the order totals of a particular item. Break percents Specify quantity break pricing that provides discounts based on the order totals of a particular item. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating contracts for items? [/INST] Creating contracts for items Select Financials > Billing > Setup > Item Related Setup > Price List Contract Promotion. Select a contract record. On the Item tab, click Create. Select an item code. On the Options tab, specify this information: Prohibit Sales Select this check box to prohibit ordering items that are priced using the Price List Item record. No Charge Select this check box if this item is sent free of charge to a customer when it is ordered and priced using this price. Discount Code Select the discount code to be used on the price list parameters. If you place this discount code on any of the price modifiers, then all priced items with that modifier are affected by this discount code. Quantity Pricing Code Select the quantity pricing code that determines how the price base is modified by the Price List Item record. Upper limit Specify up to six upper limits for item order quantity. Percent Specify up to six percentages for item order quantity. These are applicable if special pricing percentages are applied for a specific item, depending on ordered quantities. Unit add-on Specify up to six add-on charge amounts. These amounts are used to assess each item's selling unit of measure if the quantity is less than or equal to the upper limit. Override price Specify the overriding price to be used if the quantity of the item exceeds the upper limit. When a negative amount is specified, then there is no editing done to determine if the price base goes negative. On the Multiple Units of Measure tab, specify this information: Unit of Measure Pricing Code Select the unit of measure pricing code. This is used to determine how the price base for this item is modified by the price list item record. This field is used if the item is priced using multiple units of measure. Percent Specify the percentage. This is multiplied by the price base for the item to determine the item price. Unit add-on Specify either a positive or negative dollar amount. Override Price Specify an override price for the item This price overrides all other price. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Promotions? [/INST] Promotions A promotion is a price base modifier that contains date-sensitive pricing parameters that can override price list parameters. Promotions are assigned to price lists, not customers, so a single promotion record can potentially affect several customers. Promotion parameters, such as price list parameters, can be assigned specifically to item sales classes or to individual items. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating promotions? [/INST] Creating promotions You can modify a price list for a specific period of time with a promotion. Select Financials > Billing > Setup > Item Related Setup > Price List Contract Promotion. Select Create > Create Promotion. Specify this information: Company Select a company number. Price List Specify the price list. Promotion Specify the promotion name and the description. On the Promotion tab, specify this information: Effective Dates Select the dates that the promotion is in effect. Inventory Location Select the location of the inventory. Base Select the price base that is modified by the promotion. Default Percent Specify the default percent. This percentage is multiplied by the item price base to calculate the item promotion price. Promotion percentages, which are assigned to sales classes or individual items, override the default percentage that you specify here. Discountable Select this check box if the line that is priced by this promotion is included in the total amount used to determine the order discounts. Discount Code Select the discount code. Broken Case Charge Specify an add-on charge that is assessed when the promotion and the line is priced using multiple pricing units. Click Save. The Promotion Sales and Promotion Item tabs are now available. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating promotions for sales classes? [/INST] Creating promotions for sales classes To narrow the pricing parameters, you can assign a promotion to a specific sales class of items or to a specific item. Select Financials > Billing > Setup > Item Related Setup > Price List Contract Promotion. Select a promotion record. On the Sales Class tab, click Create. Specify this information: Sales Class Select the sales class range that is affected by this promotion. Prohibit Sales Select this check box to prohibit ordering items that are priced using this contract sales class. No Charge Select this check box if items in this sales class are sent free of charge to the customer when they are ordered and priced using this contract. Amalgamated Pricing Select this check box to use amalgamated pricing for items ordered from a sales class. Discount Code Select a discount code to assign to the contract. Break Quantities and Percents Specify quantity break pricing that provides discounts based on the order totals of a particular item. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating promotions for items? [/INST] Creating promotions for items To narrow the pricing parameters, you can assign a promotion to a specific sales class of items or to a specific item. Select Financials > Billing > Setup > Item Related Setup > Price List Contract Promotion. Select a promotion record. On the Item tab, click Create. Select the item code. On the Options tab, specify this information: Prohibit Sales Select this check box to prohibit ordering items that are priced using the Price List Item record. No Charge Select this check box if this item is sent free of charge to a customer when it is ordered and priced using this price. Discount Code Select the discount code to be used on the price list parameters. If you place this discount code on any of the price modifiers, then all priced items with that modifier are affected by this discount code. Quantity Pricing Code Select the quantity pricing code that determines how the price base is modified by the Price List Item record. Unit of measure upper limit and percent Specify up to six upper limits and percentages for item order quantity. These are applicable if special pricing percentages are applied for a specific item, depending on ordered quantities. Unit add-on Specify up to six add-on charge amounts. These amounts are used to assess each item's selling unit of measure if the quantity is less than or equal to the upper limit. Override price Specify the overriding price to be used if the quantity of the item exceeds the upper limit. When a negative amount is specified, then there is no editing done to determine if the price base goes negative. On the Multiple Units of Measure tab, specify this information: Unit of Measure Pricing Code Select the unit of measure pricing code. This is used to determine how the price base for this item is modified by the price list item record. This field is used if the item is priced using multiple units of measure. Percent Specify the percentage. This is multiplied by the price base for the item to determine the item price. Unit add-on Specify either a positive or negative dollar amount. Override Price Specify an override price for the item. This price overrides all other prices. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Pricing worksheet? [/INST] Pricing worksheet Before you can use pricing worksheets, see the Financials Setup and Administration Guide for setup information. A pricing worksheet is a tool to modify price bases. You can select an existing item price source to calculate the future price base. For example, you can select last issue cost, last received cost, or the current base price of another base name. The future price base is calculated by multiplying the source base price by a specified factor, based on vendor, sales class, or item number. When you update the worksheet, the future prices are applied to the items. Example: The price of a major sales class of items, such as frozen foods, increases by 20%. You can create a worksheet to increase all frozen food prices. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Using pricing worksheets? [/INST] Using pricing worksheets Select Financials > Billing > Setup > Item Related Setup > Pricing Worksheet. Click Create. Specify this information: Company Select a company number. Worksheet Specify a worksheet name. On the Update options tab, specify this information: Currency Select a price base that is defined using one currency. Base Name If a base name is selected, then the current base price that is tied to the base is multiplied by the multiplier criteria in Item Selection This formula calculates the new base prices for all items. Location If a base location is required for the company, then the base list must be further identified by location. This field creates an acceptable worksheet that can be used to update the selected base. Inventory Location If the base price is located in a specific location, then select the inventory location. Last Issue Cost Select Item Cost Is First Choice or Item Cost Is Second Choice to specify whether the item's last issued cost is updated for the price source. In the Update section, specify this information: Currency Update or create another price base in currency. Base Name Select the base price name that is updated or created by the worksheet when Base List Worksheet Update is run. Location If Base Location Required is selected for the company, then the base name must be further identified by location to create base price. Effective Date Select a date the prices for the updated base take effect. On the Item Selection tab, specify this information: Vendor Select a vendor to limit the worksheet to only processing the items that have a primary vendor. Multiplier Specify a vendor multiplier. A vendor multiplier is the amount that the price source is multiplied by to arrive at the base price. The multiplier is valid for all items that are selected for processing. Major Sales Class Ranges/Multiplier Select up to 14 beginning and ending major sales classes and specify a number that is multiplied by the price base. Item Ranges/Multiplier Select up to seven beginning and ending items that are affected by the price change and specify a number that is multiplied by the price base. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Lease Accounting setup? [/INST] Lease Accounting setup If you intend to attach these to your lease, then you must create them: Executory costs Lease dates Lease types Lease allocations You can attach more than one executory cost code to a lease. See the Lease Accounting User Guide for more information about processing data after the setup is complete. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating finance enterprise groups for GASB 87 leases? [/INST] Creating finance enterprise groups for GASB 87 leases According to GASB 87, all leases are considered finance leases unless they meet certain exceptions and are reported on the balance sheet. A new right-of-use (ROU) asset and lease liability is listed separately on the balance sheet Use this procedure to set the lease accounting method on the accounting entity Caution: You can cannot change the lease accounting method after it is used. Select Finance Enterprise Group > Maintenance. Open the finance enterprise group record. On the Options tab, specify this information: Lease Accounting Method Select GASB87 or ASC842. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Lease executory costs? [/INST] Lease executory costs Lease executory costs show supplemental costs such as taxes, maintenance fees, or insurance that is incurred for leased property. Lease executory costs are paid by the lessor or the lessee. If lease executory costs are paid by the lessee, then you must perform these tasks: set lease executory cost codes. list executory cost payments in the payment schedule. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating lease executory cost codes? [/INST] Creating lease executory cost codes Select Financials > Lease Accounting > Setup > Executory Cost Code. Click Create. Specify the Executory Cost Code and Description. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating executory cost code form details? [/INST] Creating executory cost code form details Select Financials > Lease Accounting > Setup > Executory Cost Code. Select a executory code record. On the Executory Cost Code Details tab, click Create. Specify this information: Company Select a company number where the executory costs are debited. Distribution Account Specify the information in the distribution account. Taxable Select this check box if this executory code is taxable. Tax Code Select a tax code for this payment. Tax Usage Code Select the tax usage code for this payment. The code from the vendor or vendor location that is attached to the lease is the default. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Lease date codes? [/INST] Lease date codes A date code is a code that can be attached to a lease. It can be used to track various events, such as origination dates or renewal dates. There are several reports that can be run to list specific date codes for specific date ranges. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating lease date codes? [/INST] Creating lease date codes Select Financials > Lease Accounting > Setup > Lease Date Code. Click Create. Specify the Date Code and Description. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Lease types? [/INST] Lease types A lease type designates a group of leases with common characteristics. Lease types are optional and used for reporting and sorting purposes only. Examples of lease types are vehicles, buildings, and office equipment. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating lease types? [/INST] Creating lease types Select Financials > Lease Accounting > Setup > Lease Type. Click Create. Specify the Lease Type and the Description. Select the option Classify Based on Term or select the option Amortize Short Term Leases. You cannot enable both options. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Lease allocation codes? [/INST] Lease allocation codes A lease allocation code is used to create the percentage of an expense that is charged to a specific company or distribution account. The code is attached to the debt, expense, or interest accounts on a lease. A lease allocation code can also be attached to the executory cost expense on a lease. This method is used to allocate lease expenses to multiple distribution accounts. An allocation code cannot be released until the total of the percent fields is 100%. There are additional considerations with allocation codes: You cannot delete an allocation code that is attached to a released lease. When you apply an allocation code to a lease, it is applied to all payments on that lease. When an allocation code is modified, an audit record is created. When you assign an allocation code to a lease, you can assign an allocation to a debt or expense account, or an income account. You cannot assign an allocation code to both. You can assign a debt or expense allocation code only to an operating lease. You can assign an interest allocation code can be assigned only to a capital lease. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating lease allocation codes? [/INST] Creating lease allocation codes Select Financials > Lease Accounting > Setup > Lease Allocation Code. Click Create. Specify this information: Allocation Code Specify an allocation code and description. This code is used to allocate a percentage of an expense to a company and distribution account. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating lease allocation code details? [/INST] Creating lease allocation code details Select Financials > Lease Accounting > Setup > Lease Allocation Code. Select a lease allocation code record. On the Details tab, click Create. Company Select the company number to be allocated. Distribution Account Specify the information in the distribution account. Allocation Percent Specify the percentage that is allocated to the company and distribution account. The total percent must be equivalent to 100. If this field is blank, then 100 percent is used. The percent is calculated by dividing the line value by the total value. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Project Ledger setup? [/INST] Project Ledger setup Before you can set up Project Ledger , you must complete Global Ledger setup. Global Ledger setup includes these tasks: Enterprise group Finance enterprise group Calendars Accounting entities Accounts Chart of accounts Ledgers Currency HR organization and employees HR organizations and employees are maintained in Global Human Resources See the Global Human Resources Administration Guide for setup instructions. See Global Ledger setup to create this setup: Project chart hierarchy: a simplified chart of accounts for reporting and budgeting. Project Ledger : for project-specific transactions. Project reporting basis for reporting and budgeting. We recommend creating one or more project reporting bases for reporting. A project reporting basis is required for project budgets and project report settings. The reporting basis defines the structures included in the budget. Structures include accounting units, accounts, projects, and account categories. If you do not include accounting unit or account in your budget dimensions or budget edit, the structures are still used. The structures are used to define the parameters for which accounting units and accounts are used. The accounting units and accounts are used for defining commitments, encumbrances, and actuals when calculating total obligations. For example, you can create a project chart hierarchy that does not include an undistributed retained earnings account. The project chart is then assigned to the reporting basis, which limits the accounts returned on the project reports. We recommend creating a project chart of accounts containing project accounts. A chart of accounts can include expense, revenue, billed/unearned accrual, earned/unbilled accrual, and work in progress asset. The structure is similar to the account category structure. Receivables setup Before using Project Invoicing and Revenue or Grant Accounting , you must complete Receivables setup. Project funding by external customers or grants requires a customer to be set up for the Receivables company. These fields are required in order to create contracts in Project Ledger : Receivable Company , including the Projects tab information Receivable Customer Receivable Process Level Accounts Receivable Code Project funding Project funding is set up using Finance Dimension 2, or user dimension, setup. For Project Invoicing and Revenue or Grant Accounting , select Project Invoicing on the Options tab of the finance enterprise group. You are required to use Finance Dimension 2 to set up the project funding structure. Finance Dimension 2, project funding, is used in conjunction with Project Ledger to maintain the project funding sources. Project funding sources are customers and grantors. Note: Users do not see any links or menu items for project funding in project setup until a dimension structure is created. Dimension structures are created in the finance enterprise group. The project contract billing method is set at the project contract level. The billing method can be overridden at the posting project level and at the account or user dimension level. You can specify the Billing Override Level on the Options tab of the finance enterprise group. Contract billing rules including billing method, markup percent, tax status, and revenue account or revenue account category are defined at the project contract. If no overrides exist, these billing rules are used by all billable posting projects and expenditures under the contract: Project contract bill method Markup percent Bill rate Tax status Revenue account or revenue account category You can override billing rules and revenue accounts or revenue account category at the posting project level. Fields include billing method, markup percent, revenue account or revenue account category, revenue finance structure, tax status, and tax code. The override is used to calculate billable amounts, tax amounts, and journal postings for the posting projects. All other posting projects and expenditures use the parameters assigned to the project contract or project funding source if these conditions are met: They are designated as billable and eligible for the project funding source. They do not have overrides defined. You can override billing rules and revenue accounts or revenue account category at a project cost account level. Override fields include billing method, markup percent, revenue account or revenue account category, revenue finance structure, tax status, and tax code. The override is used to calculate billable amounts, tax amounts, and journal postings for that posting project and dimension combination. The billing override key field is dependent on the billing override dimension defined on the finance enterprise group. See Creating project funding hierarchies. Project hierarchy A project represents a temporary endeavor undertaken to create a unique product or service. For example, a capital, billable, grant, or internal project. Projects are temporary in nature with a begin and end date. Projects have an operational or work breakdown structure. For example, project, phase, and task. Projects have employees including employee assignments and person responsible. Projects are defined in a parent-child hierarchy within a project structure. You can set up multiple project structures. One project structure must be designated as an enterprise structure. The enterprise structure defines project dates, person responsible, budget ID, and billing information. The enterprise structure is the default project structure on reporting bases. Note: On the finance enterprise group, you can rename the default label, Project, to a label that reflects the structure that you use, for example, Activity. For the purpose of this guide, we use the default label of Project. If you change the name on the finance enterprise group, the name is changed on all the related forms. Each project hierarchy is contained in a project structure. Your project can include an indefinite number of levels of projects in a parent-child structure. You can define a project contract at any summary level of the enterprise structure if Project Invoicing is selected on the finance enterprise group. A level represents a layer in an project's hierarchy. For example, a project hierarchy might include three levels: project, phase, and task. Project is a parent of phase, which is a parent of task. Each level is part of, or reports up into, the level above it. Each project must have a unique name, which can be up to 25 alphanumeric characters. You cannot change a project name after you define it. You use projects to further define your project hierarchy. By defining projects at different levels, you build a structure that resembles the breakdown of your project work structure or operational view of projects. You define two types of projects: Posting projects are used to post journal entries. Posting projects are the lowest child projects in any branch of the project structure. You cannot define additional child projects below a posting project. Posting projects use the project code specified in the finance structure when creating journal entries. Summary projects are used to summarize the activity of child projects for consolidation and reporting. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Fund accounting for project contracts? [/INST] Fund accounting for project contracts To use fund accounting with Project Invoicing and Revenue , fund accounting must be enabled for the finance enterprise group. See Enabling and disabling fund accounting. If fund accounting is enabled, the Revenue Recognition for project contracts must be Combined. When fund accounting is enabled, Receivables entries are based on the revenue entries generated. Project Invoicing and Revenue entries are based on the project funding source setup. Project Invoicing and Revenue are generated based on project funding source setup. Revenue is posted in one of these ways: Revenue is posted to a single fund by specifying the finance code block in the revenue finance structure in the project funding source setup. Revenue is allocated to multiple funds based on the source expenditure transactions that follow the originator of the expense. Revenue is allocated by specifying a revenue account in the project funding source setup. If fund accounting is not used, a single Receivables entry is created using the finance structure specified for the ReceivableGeneralLedgerCode The code is assigned to the Receivables customer associated with the project funding source. The Project field is blank. When fund accounting is enabled, the Receivables accruals entries are allocated to funds and projects based on the revenue entries. These input parameters are passed from Project Invoicing and Revenue to the Receivables fund accounting API. These are the input fields: Revenue ReceivableGLDistributions The Receivables account from the ReceivableGeneralLedgerCode These rules are followed to create the accrual entries: If Receivables rules exist, return the rule values. See Creating Receivables fund accounting rules. Inherit the Receivables general ledger code account. Inherit other Global Ledger dimension values from the revenue transaction. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Front end split for project contracts? [/INST] Front end split for project contracts Front end split is used in these solutions: Requisitions, Purchasing, Payables, Project Ledger, and Global Ledger. Front end split is enabled in the finance enterprise group. Project contracts that use front end split must be enabled on the project contract. See Enabling and disabling front end split. For more information about using front end split in Project contracts, see the Project Ledger User Guide. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Project statuses? [/INST] Project statuses You can create user-defined project status codes for posting projects. Status codes are used to define the actions that can be performed for the posting project. For example, billing, revenue recognition, capitalization and purge. A project may be billable but not eligible for revenue recognition until the end of a project. You can include or exclude posting projects for certain actions, including project billing and revenue recognition, with project statuses. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating project statuses? [/INST] Creating project statuses Select Financials > Project Ledger > Setup > Project Setup. Click the Status tab and click Create. Specify this information: Project Status, Description Specify a status code and description. A status code identifies the eligible actions for a posting project. Each status can have a single action or a combination of actions. For example, Billing only or Billing and Revenue. Billing, Revenue, Capitalization, Purge Select the actions that are valid for the status code by selecting Yes or No in the corresponding status code fields. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Updating project statuses? [/INST] Updating project statuses You can update a project status and the active status for the summary and all of the related posting projects. Select Financials > Project Ledger > Setup > Project Setup. Open a structure and click the Hierarchy tab. Select a summary project and select Actions > Update Project Status. Select the project status for all posting projects for the summary project. If this field is blank, then the project status is not changed. Optionally, inactivate the summary project and all related posting projects. Click Submit. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Effort schedules? [/INST] Effort schedules Effort schedules are used to define certification periods for a project employee's effort certification for grant reporting. If you are using project assignments and labor distribution, then at least one effort schedule is required. Labor is generally distributed on a schedule or reporting period that is aligned with the payroll period. Effort is certified for multiple payroll periods. Labor schedules can be defined as weekly, bi-weekly, semi-monthly, or monthly. Effort schedules can be defined as quarterly or semi-annually. Effort schedules are assigned to each labor schedule. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Manually creating effort schedules? [/INST] Manually creating effort schedules You can manually create effort schedules if one of these is true: Your effort is reported on periods that are different than your labor schedules You have only one or two effort schedules. When the schedule is added, the first year of periods is automatically created. Select Financials > Project Ledger > Setup > Project Setup. Click the Effort Schedules tab and click Create. Specify this information: Effort Schedule, Description Specify a code and description to represent the effort schedule. Frequency Select the certification frequency for the effort schedule. First Period Start Date Specify the start date of the first period for the labor schedule. This date must align with your earliest labor schedule that is linked to this effort schedule. After the record is saved, the start date cannot be changed. If the start date is specified incorrectly, the schedule must be deleted and a new schedule must be created. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating and closing effort periods? [/INST] Creating and closing effort periods Select Financials > Project Ledger > Setup > Project Setup. Click the Effort Schedules tab. Open the effort schedule and click the Periods tab. The effort periods are displayed including begin date, end date, and period status. Use the Status column to close effort schedule periods. A period cannot be closed if a labor schedule for the same period is still open. Periods are created in an Open status. Use the Status field to control what is displayed on effort certification forms. After effort has been certified for a period, change the period status to Closed The period is no longer displayed on certification forms. To create effort schedule periods through a specific date, click the Detail tab and select Actions > Create Period Dates Select a Period Thru Date and click Submit. Periods are automatically created through the date selected. For future years, the effort schedule is automatically extended when a labor distribution action is run that has labor dates beyond the existing effort dates. To close a period change the Status to Closed and click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Labor schedules? [/INST] Labor schedules Labor schedules are used to define pay periods for project employees' labor distribution. If you are using project assignments and labor distribution, then labor schedules are required. Each employee is assigned a labor schedule. A labor schedule defines the pay frequency and pay periods for the employee and the frequency of labor distribution. For example, monthly, semi-monthly, bi-weekly, weekly, and four weekly are automatically calculated. You can also define and setup a manual frequency. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating labor schedules? [/INST] Creating labor schedules Select Financials > Project Ledger > Setup > Project Setup. Click the Labor Schedules tab and click Create. Specify this information: Labor Schedule, Description Specify a code and description to represent the labor schedule. Frequency Select the pay frequency for the labor schedule. First Period Start Date Specify the start date of the first period for the labor schedule. Labor Distribution Default Selection Group Specify a selection group to use as a default value when labor is distributed. The selection group specifies which payroll salary and wage records are eligible for labor distribution. See Custom groups Effort Schedule Select the effort schedule for the labor schedule. If the name of your labor schedule does not already exist as an effort schedule, you can leave this field blank. When you click Save , a confirmation window will display to generate the matching effort schedule. Selecting Yes creates a matching effort schedule. Selecting No requires you to select an existing effort schedule. If the same name does exist as an effort schedule, you will be required to select an effort schedule. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating and closing labor periods? [/INST] Creating and closing labor periods Select Financials > Project Ledger > Setup > Project Setup. Click the Labor Schedules tab. Open the labor schedule and click the Periods tab. The labor schedule periods are displayed including begin date, end date, period status, and effort period begin and end dates. Use the Status column to close labor schedule periods. Periods are created in an Open status. Use the Status field to control what is displayed on labor distribution entry and adjustment forms. After effort has been certified for a period, change the period status to Closed The period is no longer displayed on labor distribution adjustment forms. To create labor schedule periods through a specific date, click the Detail tab and select Actions > Create Period Dates Select a Period Thru Date and click Submit. Periods are automatically created through the date selected. To close a period change the Status to Closed and click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Changing effort schedules? [/INST] Changing effort schedules Use this action to update employees who are assigned the labor schedule with the new effort schedule. Project assignment records are created for labor records that are in a processed state. The effort records are created under the new effort schedule. Labor assignment records that are in a certified state are ignored and remain attached to the previous effort schedule. Records in an entered, approved, or pending approval status are processed and then assigned the new effort schedule. The new effort schedule must contain a begin date that is before the end of the first period of the labor schedule. Select Financials > Project Ledger > Setup > Project Setup. Click the Labor Schedules tab. Select the labor schedule and select Actions > Change Effort Schedule. Specify the New Effort Schedule and click Submit. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Project roles? [/INST] Project roles Roles are used to define employee names, descriptions, and responsibilities of user roles in Financials. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating project roles? [/INST] Creating project roles Project roles are assigned to employees when the posting project personnel record is created. Select Financials > Project Ledger > Setup > Project Setup. Click the Roles tab and click Create. Specify this information: Project Role Specify a code that represents a project role. Description Specify a description that represents a project role. Role Type Select the role type. These are the valid role types: Administrator, Manager , Principal Investigator , XM Approver , and User Defined. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Period of performance (POP) templates? [/INST] Period of performance (POP) templates You can use period of performance (POP) templates to create templates by system code. The template specifies the begin days (lead days) and end days (lag days) to use for the system code. The number of begin days is subtracted from the project begin date and the number of end days is added to the project end date. You can use the period of performance templates to define similar data tolerances for projects. After creating a POP template, you can assign it to a summary level project and all of its children or a posting level project. Transactions that are posted to projects must fall between the project begin and end dates. Project Date Edit on the finance enterprise group is used to determine whether the date validation is performed on the transaction date or the posting date. When POP dates are used, the transaction date or the posting date is compared to the POP date for the system code. For example, you may incur costs that occur before the project begin date in Requisitions or Purchasing You may incur costs after the project end date in Payables or Project Ledger Use POP templates to establish tolerances by system code. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating period of performance (POP) templates? [/INST] Creating period of performance (POP) templates Select Financials > Project Ledger > Setup > Project Setup. Click the Period Of Performance tab. On the Period Of Performance pane, click Create. Specify this information: Period Of Performance, Description Specify a code and description for the POP template. Click Save. On the Period Of Performance System pane, click Create. Specify this information: System Select a valid system code for the POP. Lead Days Specify the number of lead days to add to the project begin date. Lag Days Specify the number of lag days to add to the project end date. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Loading project period of performance from template? [/INST] Loading project period of performance from template Period of performance is valid only for posting projects. You can load the period of performance to all child posting projects of a summary project. Select Financials > Project Ledger > Setup > Project Setup. Open a structure and click the Hierarchy tab. Select a summary project and select Actions > Load Project Period of Performance from Template. Select the period of performance template to load Click Submit. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Salary cap schedules? [/INST] Salary cap schedules Salary cap schedules are used to define the maximum salary that can be distributed to a posting project funded by a grant per year. Grant Accounting users must set up a salary cap schedule if their grant project is subject to a salary cap.. Only posting projects are associated with a salary cap schedule. Salary cap schedules are used in labor distribution. When labor distribution is run, a calculation is performed to determine the salary amount that can be distributed to the project. The salary amount is based on these items: The salary cap amount The pay periods for the employee The salary percent that is assigned to the project for the employee Any amount that is greater than the calculated amount for the employee for a period is posted. The amount is posted to the salary cap overage finance structure setup in the posting project. If there is no finance structure defined, the overage of the salary remains posted to the employee’s salary and wages home account. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating salary cap schedules? [/INST] Creating salary cap schedules Select Financials > Project Ledger > Setup > Project Setup. On the Salary Caps tab, click Create Specify this information: Project Salary Cap Specify a code or name. Description Provide description for the salary cap schedule. Effective Date Select the effective date for the salary cap maximum. Maximum Amount Specify the annual salary cap maximum. Currency Select the currency for the salary schedule amount. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating new salary cap versions? [/INST] Creating new salary cap versions You can update salary cap amounts by creating a new salary cap version. Select Financials > Project Ledger > Setup > Project Setup. Click the Salary Caps tab. Select Actions > Create New Version. Specify this information: Maximum Amount Specify the annual salary cap maximum. Effective Date Select the effective date for the salary cap maximum. Click Submit. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Project burden codes? [/INST] Project burden codes A burden code is used to identify the burden costs that you want to calculate. A burden cost can be various types of general and administrative overhead, fringe benefits, or other indirect costs that are associated with project labor transactions. Burdens are used when line level allocations are required for tracking indirect costs versus monthly indirect allocations. There are two types of burden codes in Financials & Supply Management. Fringe burdens Fringe burdens use fringe burden codes to calculate fringe burden based on labor distributions for grant-sponsored projects. Fringe burdens are only used with grant labor distribution and are calculated when running the Distribute Labor action. Fringe burden setup and processing includes these attributes: Attribute Description Fringe burden code Define the fringe burden codes and rates Project employee Assign the fringe burden code and rate to an employee Project Assign the fringe burden code and rate to a posting project Project assignment labor Assign an employee to a project and specify the effort percentages Salary encumbrance Fringe burden encumbrance are only generated with salary encumbrance Labor distribution Fringe burden transaction are generated with labor distribution Indirect burdens Indirect burdens use indirect burden codes to create indirect expenses for administration and overhead fees based on project direct costs. Indirect burden setup and processing includes these attributes: Attribute Description Indirect burden code Define the indirect burden codes and rates Project indirect burden assignment Assign indirect burden codes, groups, selected sources, and options for burden rate dates to projects Copy indirect burdens Copy burdens to all posting projects in a summary project Generate indirect burdens Indirect burdens are calculated by running the Generate Indirect Burden action. This action is independent from the Post Journals action Delete indirect burdens View draft burdens for accuracy. If they are not correct, delete the run group, correct the setup, and generate again. Journalize indirect burdens Run the journalize indirect burdens action to finalize the creation of indirect burdens. Reverse indirect burdens If journalized burdens are incorrect or if the burden rates retro actively change, run the Reverse Indirect Burdens action. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating fringe burden codes? [/INST] Creating fringe burden codes Select Financials > Project Ledger > Setup > Project Setup. Click the Fringe Burden Codes tab. Click Create. Specify this information: Fringe Burden Code Specify a code or name for the fringe burden. Description Soecify a description for the fringe burden. Effective Date Specify the effective date of the fringe burden rate. Rate Specify the fringe burden rate. Offset Finance Structure Option Optional. Select if the offset structure is entered as a full finance code block or a partial for the fringe burden code. If blank, the offset is posted to the fringe burden finance structure with no project. The fringe offset can also be overridden at the time of labor distribution. Partial Offset Account Finance Structure Specify the dimensions to override for the offset fringe burden code. The dimensions that are blank inherit the value from the originating fringe expense without the project. Full Offset Account Finance Structure Specify the finance code block to use for the offset fringe burden code. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating new versions for fringe burden codes? [/INST] Creating new versions for fringe burden codes Select Financials > Project Ledger > Setup > Project Setup. Click the Fringe Burden Codes tab. Select Actions > Create New Version. Specify this information: Rate Specify the fringe burden code rate. Effective Date Select the effective date for the fringe burden code. Click Submit. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating indirect burden codes? [/INST] Creating indirect burden codes Select Financials > Project Ledger > Setup > Project Setup. Click the Indirect Burden Codes tab. Click Create. Specify this information: Code Specify a code or name for the indirect burden. Description Specify a description for the indirect burden. Effective Date Select the effective date of the indirect burden rate. Rate Specify the indirect burden rate. Post To Finance Structure Select the finance structure for the indirect burden amount. If this field is blank, the source expense finance structure is inherited by the burden transaction. You can specify any dimension of the finance structure to override for the burden transaction. Offset Finance Structure Option Select if the indirect burden offset structure is entered as a full finance code block or a partial. Partial Offset Account Finance Structure Specify the dimensions to override for the offset for the indirect burden code. The dimensions that are blank inherit the value from the originating expense. Full Offset Account Finance Structure Select the full offset finance structure for the indirect burden amount. The offset entry is a single summarized entry. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating new versions for indirect burden codes? [/INST] Creating new versions for indirect burden codes Select Financials > Project Ledger > Setup > Project Setup. Click the Indirect Burden Codes tab. Select Actions > Create New Version. Specify this information: Effective Date Select the effective date for the indirect burden code. New Rate Specify the indirect burden code rate. Click Submit. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Project fee codes? [/INST] Project fee codes Contract fees are amounts that are added to customer invoices and revenue recognition. Generally, fees are the profit or margin in addition to the costs that result from the contract. These fee calculations are supported by project contract fees: Fee type Calculation Description Rate fees Rate x Units A specified rate amount is multiplied by the units to calculate the fee. This calculation supports unit of production fees with tiered or volume pricing. Percent fees Percent x Amount The rate percent is multiplied by the expense transaction amount or the billable amount. This calculation supports markup percent and single step burden fees. This can also be set up as a markup or an allocation. Flat amount fees Tiered amount based on units This calculation supports a flat fee. The flat amount based on the number of units is the fee. The fee is calculated as often as required, for example, a single fee, a monthly fee, or an annual fee. A single, non-tiered flat amount fee can be set up as a milestone or as an installment bill. The fee code is set up at the dimension level. Open a finance enterprise group and select the Options tab. Select a Billing Override Level The default value is Account You can also create a selection group for the fee code. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating fee codes? [/INST] Creating fee codes Select Financials > Project Ledger > Setup > Project Setup. On the Fee Codes tab, click Create. Specify this information: Fee Code Specify a code. Description Provide a description for the fee. Account The label for this field depends on the dimension that was selected in the finance enterprise group. Select the account or dimension to which the fee applies. Selection Group Specify a selection group to use to determine the transactions to include in the calculation. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating billing groups? [/INST] Creating billing groups You can journalize by billing group if invoices are generated or revenue is recognized by billing group. Select Financials > Project Ledger > Setup > Project Setup. On the Billing Group tab, click Create. Specify a Billing Group code and provide a Description. Click Save. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Project billing rate tables? [/INST] Project billing rate tables You can use a project billing rate table to define billable rates using any dimension of the finance code block and employee. Up to five dimensions from the finance enterprise group and the employee record can be used to establish rates. The dimension order must be numbered in the order that it is used to perform the calculations. We recommend that you not include the project dimension when defining the rate table setup. The project dimension is associated with the project contract and posting projects. The assumption is that the rates in the table that is assigned to the contract are valid for all posting projects in the project contract. If rates vary by posting project, then unique rate tables are assigned at the posting project override level. When using the a billing method of Rate Table , the billing rate table is assigned to the project contract. The billing rate table can be overridden at each posting project and billing override. The rate table is used when the Generate Invoice action is run to process transactions that include units and the rate table dimensions. If a transaction does not have units or does not match a rate table line, then the transaction is processed using the Cost Reimbursement billing method. Transactions that are ineligible for billing using the billing rate table can be excluded from processing. You can use a custom group on the project funding source to exclude the ineligible transactions when invoices are generated. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating billing rate tables? [/INST] Creating billing rate tables Select Financials > Project Ledger > Setup > Project Setup. On the Billing Rate Tables tab, click Create. Specify this information: Project Billing Rate Table Provide a table name. Description Provide a description. Currency Select the currency. The currency must match the project contract currency Effective Date Specify the effective date of the billing rate table. This effective date must be less than or equal to the date of the transactions. Rate tables can have multiple effective dates. Rates are calculated using the transaction date and the first applicable effective date. Click the Dimensions tab. Select up to five dimensions to use in the billing rate table by specifying the order. The value that is selected is the order in which the rates are used for the transactions. Click Save. Click the Lines tab. Click Create Select a value for each of the dimensions and specify a rate for the combination. If this field is blank, the rate is applied to all values for that dimension. Click Save. Repeat the last two steps to create each dimension combination. The lines are displayed in the order that the rates are applied and the dimensions. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Creating new versions for billing rate tables? [/INST] Creating new versions for billing rate tables A new rate can be applied to a table with specified effective date. A new table with the same name but another effective date can be added and rates can be increased simultaneously. Select Financials > Project Ledger > Setup > Project Setup. Click the Billing Rate Tables tab. Open the billing rate table to which to apply the new version. Select Actions > Create New Version. Specify this information: Effective Date Specify the date for the new version. The new version table is for Transactions with this date. Multiplier Specify the number to increase or decrease the rates on the new table. To increase the rates, specify a number that is greater than 1. To decrease the rates, specify a number that is less than 1. Click Submit. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Copying billing rate tables? [/INST] Copying billing rate tables Use this procedure to copy a billing rate table to create a new table. Select Financials > Project Ledger > Setup > Project Setup. Click the Billing Rate Tables tab. Open a billing rate table to copy. Select Actions > Copy Table. Specify this information: New Table Provide a new billing rate table name. New Description Provide a description. Effective Date Specify the date that the new table is effective. Transactions that have this or a later date use the new table.. Multiplier Specify the increase or decrease for the rates on the new table. The default value is 1.000. To increase the rates, specify a number that is higher than 1. To decrease the rates, specify a number that is lower than 1. Click Submit. .</s>

<s>[INST] In the context of INFOR Docs, tell me about Adjusting billing rate tables? [/INST] Adjusting billing rate tables You can update the order of the dimensions or the individual rates by combination of dimensions. You can adjust billing rate tables after copying a table or creating a new version with a multiplier to ensure the correct amount. Select Financials > Project Ledger > Setup > Project Setup. Click the Billing Rate Tables tab. Open the billing rate table to adjust. To reorder the dimensions, click the Dimensions tab and change the order. Click Save. To change the rate on specified dimension combinations, click the Lines tab and select the rate to change. Change the rate and click Save. .</s>