Insert excerpt IMOS Documentation IMOS Documentation nopanel true
...
This article includes the following information about Business Rules:
Table of Contents |
---|
Business Rules Guidelines
...
After picking the ledger account for the line item, IMOS will populate the corresponding General Ledger (Chart of Accounts) account Code.
Setting Up Business Rules
In the Financials module center , under Setup, click Business Rules.
...
Field | Additional notes beyond field help |
---|---|
Source | A transaction has one only one 4-letter Source. Examples:
|
Code | A transaction has one Bill Code per line item.
Example: Bill code CFACM under Source code DEMR refers to the demurrage address commission line item. |
Account | Select the appropriate General Ledger account number from the selection list and click OK. The Account Description and Category from the Chart of Accounts appear.
Note: When importing invoices referencing the Company, Source, and Code, the Business Rule must be assigned to an Account and a Category, otherwise the imported file will fail in the Interface Message List with the following error: Line X Ledger Code is blank. |
Debit Acc | This field is only used for Monthly Accruals and is editable only for source code MACR.
|
Advanced Options | |
Credit Acc | In its basic form, a Business Rule is designed to pick the non-AP/AR account of the transaction. For direct Revenue or Expense items this would be the Revenue or Expense account while for inventory or prepayment items, this may be a balance sheet account. If you wish, you can use the Credit Acc column of the Business Rules form to also pick the corresponding AP/AR account per line item within a transaction. Select the appropriate General Ledger credit account (to offset another account) number from the selection list and click OK.
|
Vendor | Select the Vendor name from the selection list and click OK. The Address Type of the Vendor appears. |
Country | Business Rules can be configured to apply to transaction line items that apply to specific countries. |
...
The following screenshot shows two Freight Business Rules (FINV:CFRTR). One is for an internal counterparty, while the other is for all other counterparties:
Company-Specific Accounting
Problem: Some companies may account for transactions differently, which means they require a unique setup of financial rules and accounts.
Solution: You can create a different set of Business Rules per Company,which will override the general Business Rules' settings if a specific company runs a voyage.
Deleting Company-Specific Business Rules
Company-specific Business Rules can be deleted by doing either of the following:
Right-click each Business Rule line and then click Delete.
Override the Business Rules with a company that has no Business Rules set up.
- Once Copy to Company is clicked, IMOS will detect that the current Company does not have any Business Rules.
- Click No to decline the creation of Business Rules based on the existing ones.
- Confirm this action to replace the Business Rule settings.
Country-Specific Accounting
...