A complete reference of all accounting postings across the P2P lifecycle — from purchase requisition through vendor payment — as implemented in Infor LN 10.8.
A purchase requisition is an internal document requesting the procurement of goods or services. It does not generate any financial posting in the general ledger.
A Purchase Order (PO) is issued to a supplier confirming goods/services and price. Standard Infor LN setup generates no GL entry; however, commitment accounting can optionally record budget encumbrance.
When goods are physically received into the warehouse and confirmed against the PO in Infor LN, the system automatically creates integration transactions that post to the GL via the Purchase Integration Scheme.
| Dr / Cr | Account | Infor LN Ledger Account | LN Session |
|---|---|---|---|
| DR | Inventory / Stock Account (or Expense for non-stock / services) |
Inventory Control A/C | tfgld4571m000 |
| CR | GR / IR Clearing Account Goods Receipt / Invoice Receipt clearing |
Purchase Clearing A/C | tfgld4571m000 |
When the supplier invoice is received and registered in Infor LN Accounts Payable, the GR/IR clearing account is relieved and a vendor liability (Accounts Payable) is formally recorded in the ledger.
| Dr / Cr | Account | Infor LN Ledger Account | LN Session |
|---|---|---|---|
| DR | GR / IR Clearing Account Clears the purchase clearing balance from Step 3 |
Purchase Clearing A/C | tfacp2500m000 |
| CR | Accounts Payable — Vendor Creditors control / supplier sub-ledger |
AP Control A/C | tfacp2500m000 |
When an invoice is posted with applicable VAT or GST, Infor LN automatically splits the tax component and posts it separately to the configured Input Tax account using the Tax Code set up in the Tax Handling session.
| Dr / Cr | Account | Infor LN Ledger Account | LN Session |
|---|---|---|---|
| DR | GR / IR Clearing Account Gross invoice amount including tax |
Purchase Clearing A/C | tctax4100m000 |
| DR | Input VAT / Tax Receivable Recoverable input tax / GST credit |
Input Tax A/C | tctax4100m000 |
| CR | Accounts Payable — Vendor Gross amount (net + tax) payable to supplier |
AP Control A/C | tctax4100m000 |
When the supplier invoice value differs from the PO value (price variance) or the invoiced quantity differs from the received quantity, Infor LN posts the variance to the Purchase Variance account during invoice matching.
| Dr / Cr | Account | Scenario | LN Session |
|---|---|---|---|
| DR | Purchase Price Variance | Invoice > PO | tfacp2540m000 |
| CR | GR / IR Clearing Account | Invoice > PO | tfacp2540m000 |
| DR | GR / IR Clearing Account | Invoice < PO | tfacp2540m000 |
| CR | Purchase Price Variance | Invoice < PO | tfacp2540m000 |
When the payment run is executed in Infor LN Cash Management, the vendor liability in Accounts Payable is settled and the bank / cash account is reduced. This finalises the P2P cycle for standard transactions.
| Dr / Cr | Account | Infor LN Ledger Account | LN Session |
|---|---|---|---|
| DR | Accounts Payable — Vendor Clears the supplier liability in AP sub-ledger |
AP Control A/C | tfcmg2500m000 |
| CR | Bank / Cash Account Outgoing bank transaction / treasury account |
Bank Control A/C | tfcmg2500m000 |
If the vendor offers an early payment discount and payment is made within the discount period, Infor LN automatically calculates and posts the discount amount, reducing the AP balance and recording discount income.
| Dr / Cr | Account | Infor LN Ledger Account | LN Session |
|---|---|---|---|
| DR | Accounts Payable — Vendor Full invoice amount including discount |
AP Control A/C | tfcmg2500m000 |
| CR | Bank / Cash Account Net amount paid after discount deduction |
Bank Control A/C | tfcmg2500m000 |
| CR | Discount Earned / Income Purchase discount / cash discount income |
Discount Income A/C | tfcmg2500m000 |
| Account Type | Common Name | Infor LN Reference | Normal Balance | GL Classification |
|---|---|---|---|---|
| Inventory Control | Stock / Inventory Account | Inventory Integration Scheme | Debit | Balance Sheet — Current Asset |
| GR/IR Clearing | Purchase Clearing / GRNI | Purchase Integration Scheme | Credit | Balance Sheet — Current Liability (Temp) |
| Accounts Payable | Creditors Control Account | AP Sub-ledger · tfacp0100m000 | Credit | Balance Sheet — Current Liability |
| Input Tax / VAT | Input VAT Receivable | Tax Code · tctax0100m000 | Debit | Balance Sheet — Current Asset |
| Purchase Variance | PPV — Purchase Price Variance | Purchase Integration Scheme | Dr / Cr | P&L — Cost of Goods Sold Variance |
| Bank / Cash | Bank Control Account | Cash Management · tfcmg0100m000 | Debit | Balance Sheet — Current Asset |
| Discount Income | Purchase Discount Earned | AP Parameters · tfacp0100m000 | Credit | P&L — Other Income |
| Expense Account | Purchase Expense / COGS | Item / Cost Component | Debit | P&L — Operating Expense |