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

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Infor ERP Tips & News from the Experts

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

Kathy Barthelt

Infor LN & Baan Finance Tip: What Can You Do in the Financial Statements Module?

In the Financial Statements module, you can:

  • Define financial statements, and link a structure of child statement accounts and parent statement accounts to these financial statements.
  • Link ledger accounts and/or dimensions to the statement accounts.
  • Link cash flow reasons to cash flow statement accounts.
  • Export financial data to FST reporting tables.
  • Print reports directly, or use the BIRT report functionality to print to PDF, HTML, and export to Excel or Word.

Data drill down in financial statements - You can use various Financial Statements sessions to view transactions in a hierarchical structure. You can also zoom back to the original logistic transaction.

Currency calculation - In Financial Statements, you can define a statement currency that is not one of the home currencies.

Financial statements in multi-tenant cloud -The Financials Statements module can now be used in the multi-tenant cloud. When generating the layouts, the reports are created in the Extensibility (tx) package.

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Kathy Barthelt

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Tips:  LX | BPCS | M3

In Infor LX, based on how your items are set up and on how you structure the Bill of Material, the following are some usages of a bill of material by functioning area:

  • Engineering & QA – change control, product design and specifications
  • Manufacturing – build instructions , material pick lists
  • Accounting – product costing
  • Materials Inventory – material and inventory planning
  • Sales – customer order processing
  • Production Scheduling – item scheduling (also a component of an MES solution)
In the Shop Floor Control Module, you have the ability to key in both direct labor and indirect labor. However you want to establish specific types (reasons) for the indirect labor. The SFC600 labor entry program shows a reason code field, but it is designed for reject quantity and machine downtime reasons, not indirect labor reasons.

There is a way around this. With an MES solution you have the ability to setup and report indirect time against a specific reason code.
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Tips: LN | Baan

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