Financial Data in Statutory Accounting Format rather than GAAP

Legacy Contributor

We have a user that supports an HMO that is regulated by an agency in Wisonsin. They require that reporting of financial data be in statutory accounting format rather than GAAP. Does any other Infor Lawson customers generate statutory reports? If so, how are they doing it? Is it a Crystal report or some other report writing tool or is there something in Lawson that they have customized to use?

Legacy Contributor

You can create a chart that maps the accounts based on the statutory needs. Then you can use Crystal to write a report and add a select statement that uses the newly created chart. We do the same for board reports that may use a different account mapping.

You can create the mapping in a Crystal formula, but it is easier to maintain in Lawson.