Please Wait a Moment
X

Infor LX Tips, Infor LN Tips, BPCS Tips, Baan Tips, Infor M3 Tips & Infor ERP News

Crossroads Connections

Infor ERP Tips & News from the Experts

Infor LX | Infor LN | BPCS | Baan | Infor M3

Infor M3 Webinar: Consumer Use Tax 101: What's all the fuss about for manufacturers and distributors?


You are invited to a Zoom webinar.


Date/Time: Wednesday, October 14th 10:00 a.m. CDT / 11:00 a.m. EDT
Topic: Consumer Use Tax 101: What's all the fuss about for manufacturers and distributors?

Your business makes a purchase and you notice the seller doesn’t collect sales tax. So it must be tax free, right? Wrong. Consumer use tax may still apply, and if you’re not actively tracking use tax obligations, you could be making a costly mistake.

Put simply, use tax is owed on a purchase when the seller does not collect sales tax, or when the use of the product/service (or the location of consumption) results in more tax being owed. Sound complicated? It is, and that’s what makes use tax one of the most mismanaged compliance issues for businesses.

We brought in our partners at Avalara to dive in. For this session, learn more about consumer use tax, what it is, and when your business may be on the hook to pay it.

  • The events that can trigger consumer use tax requirements
  • The most common consumer use tax management challenges
  • The impact of economic nexus laws on consumer use tax
  • How your business can step up compliance to avoid being audited


This will be one ‘use-ful’ webinar that you won’t want to miss!

Register Today>

Previous Article Infor M3 & Movex Tip of the Week: What inbound and outbound BODs are available for M3?
Next Article 4 Tips to Enhancing Productivity in Manufacturing
Print
29472 Rate this article:
5.0
Frank Petrasio

Frank PetrasioFrank Petrasio

Other posts by Frank Petrasio

Theme picker

Contact author

Please solve captcha
x

Tips:  LX | BPCS | M3

Ok… so you want to know the status of a specific shop order that was released two days ago.

What do you do?

It’s a sure bet that you have a manager, supervisor, or planner who can walk the floor and find the order at whatever work center it happens to be at. He/she can then answer “what operations have been completed and how many were completed?” All this requires leg work, and of course, a fair amount of time.

Now, if you have setup your BPCS master files properly, and you report transaction activity, you should be able to get those shop order statuses much faster using the SFC300 Shop Order Inquiry Screen.

At your fingertips you can see:

  • Release date & due date
  • How many hours remain in total and at each operation
  • The quantity required, what was finished and the remaining quantity
  • What components (materials) have been issued

Pretty basic information, right? Are you getting what you need to know? If not, then you may want to reexamine how your BPCS files are setup and what transactions along with their frequency are captured.

You can change your master schedule by specifying the type of master schedule update to perform. You can run a Net Change or Regenerative Schedule.

You also have the ability to clear the lower level requirements out of the Planned and Firm-Planned Order file.

First134135136137139141142143Last

Theme picker

Tips: LN | Baan

Companies are developing procedures for entering data into an ERP system and for archiving manuals, drawings, specs, and other hard-copy documents. However, in many cases there is no defined procedures to store historical electronic data. Archiving electronic data should be an integral part of your business processes. 

Generally, archiving is the process of moving historical data from the operational environment to a special archive environment. At home, you might move old bank statements from a closet in your study to a box in the attic. At the office, you might store old hard copies of purchase orders in a room far from your own desk. Just because you no longer need the information in your daily work, does not mean you can dispose of the information. In terms of electronic data in your ERP system, archiving means moving historic data from the operational company to a special archive company; in that way, the historic data will be out of your way and safely stored. To free up disk space on your machine after you have archived the data, you can also move the historic data to an external medium.

Archiving strategy:

You can block a warehouse for inbound procedures, outbound procedures, or both. For example, you can block inbound and outbound procedures for a warehouse if the warehouse must be closed temporarily for inspection.

You can impose these types of blockings:

  • Full block: Full block on warehousing procedures.

  • Interactive block: Override blocking allowed except blocks on confirm shipment or confirm receipt.

If you impose a full block on inbound procedures...

1345678910Last

Theme picker

Categories