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LAWSN Recurring Journal(GL70. 1) �YM <br />Entity CtC-C�j Gry, 'r -nor rnu <br />TYPe,ftewtru39 pv _I 56 (J ••..'ai�t,?.+�wr- <br />Status F -e_.=d kel.a;ed <br />Position To f-1 <br />10'. nil Net AD 00 <br />The recurring journal process can be performed at any specified time that the user decides. <br />If this is real time does the system require a monthly closing? <br />LaNNson Response: No monthly closing process is required to run reports or analyze data. The system offers <br />real time / ontine analysis at anytime during monthly processing. Additionally open period control functionality <br />is delivered as part Lawson ^s focus to strictly follow the rules of generally accepted accounting principles <br />(GAAP). <br />• Show all steps involved in a final fiscal year end closing. <br />Lawson Response: This will be demonstrated. <br />• What is the report/alert that a transaction can not be posted? <br />Lawson Response: This will be demonstrated. <br />• Is there a report for due to /from? <br />Lawson Response: This will be demonstrated. <br />• Due to /from always automatically balance? <br />Lawson Response: This will be demonstrated. <br />• Are there any cases where due to /from might not balance and will have to be manually adjusted? <br />Lawson Response: No, it is not possible to be out of balance. <br />• How is the monthly interest distribution function accomplished? <br />La-vvson Response: General Ledger allocations would be used in this case. A user will determine the pool <br />(what to allocate), the basis (how to allocate) and the target (where to allocate). The allocation can cross <br />multiple fiords, multiple accounts and multiple departments. The allocation basis can be a simple fixed percent. <br />a multiple set of allocation codes or even a complex calculation statement. The allocations can also be single or <br />multi -step. There is no limit to the number allocation run per year, period or quarter. The system can also <br />perform budget allocations. <br />Lawson Software — Confidential 15 <br />.'�' Y�$�ly ttuie <br />�B9C Pre vad lnwrance <br />ei <br />r' <br />2 Property ar:d LiaSBlty in.lrtarae <br />Dest re Paid lnwrance <br />More <br />3 Properly 'd wbtAt lns.n d'n.e <br />De- paid lnwrance <br />Mire <br />r <br />I lei t 13130 rjj 5]50 ;J �i�-e1 7'. <br />1'500 <br />4 Ptc"rty and LlaW tV 1--le <br />DMC Pa.d I ... ran,,, <br />More <br />rPre <br />5 Nu.ny did WW'fty I sold Ke <br />D— Pald i —ran.e <br />Mnre <br />�•�— _?10151 s]SOyj <br />CP,e <br />f i"� J <br />Izs.00 <br />6 PrOp�01 Y''d Liaadit'r lnaarence <br />Dent c oa,d lnwrane <br />More <br />10'. nil Net AD 00 <br />The recurring journal process can be performed at any specified time that the user decides. <br />If this is real time does the system require a monthly closing? <br />LaNNson Response: No monthly closing process is required to run reports or analyze data. The system offers <br />real time / ontine analysis at anytime during monthly processing. Additionally open period control functionality <br />is delivered as part Lawson ^s focus to strictly follow the rules of generally accepted accounting principles <br />(GAAP). <br />• Show all steps involved in a final fiscal year end closing. <br />Lawson Response: This will be demonstrated. <br />• What is the report/alert that a transaction can not be posted? <br />Lawson Response: This will be demonstrated. <br />• Is there a report for due to /from? <br />Lawson Response: This will be demonstrated. <br />• Due to /from always automatically balance? <br />Lawson Response: This will be demonstrated. <br />• Are there any cases where due to /from might not balance and will have to be manually adjusted? <br />Lawson Response: No, it is not possible to be out of balance. <br />• How is the monthly interest distribution function accomplished? <br />La-vvson Response: General Ledger allocations would be used in this case. A user will determine the pool <br />(what to allocate), the basis (how to allocate) and the target (where to allocate). The allocation can cross <br />multiple fiords, multiple accounts and multiple departments. The allocation basis can be a simple fixed percent. <br />a multiple set of allocation codes or even a complex calculation statement. The allocations can also be single or <br />multi -step. There is no limit to the number allocation run per year, period or quarter. The system can also <br />perform budget allocations. <br />Lawson Software — Confidential 15 <br />