Kathy Barthelt / Tuesday, December 6, 2016 / Categories: Infor LN & Baan Tips Baan/LN Tip of the Week: Financial Year End – Have you done all you need to do? I'm reposting this checklist for things to consider in order to finish out the current year, and plan for next year… Are your accounting records up to date so you can make a projection of how the current year will turn out? Are all account reconciliations up to date to facilitate the closing of the books after year end? Are there accounts receivable that should be reserved for or written off prior to the end of the year? If your business carries inventory, do you need to plan a physical count as of the end of the year? Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions? Have all new asset purchases and bank loans been recorded on your books? Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to year end? Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense? Will there be bonuses, profit sharing contributions or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow? Will you be in compliance with your bank covenants at year end? Do you need to make arrangements to receive statements as of the end of the year for cash value of life insurance, loan balances, etc.? Optimize Your Manufacturing Today! Previous Article Pallet Tracking Implementation for BPCS Next Article BPCS/LX Tip of the Week: Financial Year End – Have you done all you need to do? Print 82473 Rate this article: No rating Kathy BartheltKathy Barthelt Other posts by Kathy Barthelt Contact author Facebook page Twitter Linked In YouTube Website
13Apr2016 BPCS/LX Tip of the Week: Receiving to Inspection Wednesday, April 13, 2016 Read more If the item being received needs to be inspected prior to being available for use, there are two schools of thought.The first is to receive the item to a QC hold location. The downside is the item will show up in on hand inventory. A better method would be to do a PO receipt to inspection. Both Inv500 and Pur550 support this method. Now you have received the item without showing it in inventory. Only the PO quantity in inspection is updated. This method also allows you to create an Inspection Dispatch Report. After the QC process for the item is complete, then the transaction Receipt from Inspection to Stock is processed. That transaction then updates the PO quantity received field and the Item on hand field in inventory. Read more
5Apr2016 BPCS/LX Tip of the Week: Inventory Control Tuesday, April 5, 2016 Read more In Infor LX you need to determine how inventory will be moved in and out of warehouse storage locations, and which of the following transactions to use for inventory control: A transfer transaction can be used to move inventory from one warehouse location to another warehouse location. A production receipt transaction is used to add inventory to a warehouse location. A material issue or backflush is used to reduce inventory from a warehouse location. Read more
10Jun2025 Infor LN & Baan Tips & Tricks for EXECUTIVES Tuesday, June 10, 2025 Read more FINANCE: Rebuild History for Account Matching (tfgld1218m000) OPERATIONS: Copy Customized Product Structure to Standard Structure (tipcs2232m000) TECHNOLOGY: Authorization and Security: LN REST APIs Read more