Posts

How to find accounting information on PO lines

There are two places where GL distribution information resides. One is in MMDIST. If the item is a special item or not setup on IC12, then MMDIST is where you will find the GL distribution information.

Keep in mind that a PO line might have started as a requisition and the GL Distributions were added then. When you are looking for PO line distributions,  make sure you look for the document type of PO and specify the company and the document number that matches the PO you are looking for.

 

If the item is on IC12 it is either an inventory item or a non-stock item that is found at an IC location. All items that are setup on IC12 will have a GL Category assigned to them and that is where the GL distribution information can be found for these items. The key fields here are the Company – IC Location – Item. You will be able to find the GL distribution information for these items using these key fields on the GL Category table.

 

Novum Energy Trading Corp Chooses Infor to Provide Financial Management System

Infor recently announced that physical oil supply and trading company Novum Energy Trading Corp. has successfully deployed Infor SunSystems FMS. Implemeneted by Infor global partners TouchstoneEnergy, Infor Sunsystems is designed to help transform financial information into profitable action, in one unified solution, and will support Novum Energy’s trading activities of refined oil products including gasoline, distillates and other fuel oils. Since Novum Energy Trading focuses mainly on niche markets in the Caribbean and Latin America, they needed a risk management platform supportive of growth, streamlining management reporting, and financial record keeping. Since their inception in 2012, Chief Financial Officer Chris Scott of Novum Energy Trading has noted significant growth, leading to the company’s decision to think about alternative accounting solutions.  “TouchstoneEnergy has been an invaluable partner advising us how to get the best from our new accounting system… We are now reaping the benefits of a full and robust system that can support our increased trading and that can help instill confidence in our decision making as we continue to grow,” says Scott.

 

For Full Article, Click Here