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George Moroses
/ Categories: Infor LX & BPCS Tips

Infor LX & BPCS Year-End Close Checklist

As the year draws to a close, the hustle and bustle of year-end activities can sometimes lead to overlooking critical tasks within your Infor ERP system. Ensuring a proper year-end close is essential for setting the stage for success in the coming year. Here is a comprehensive checklist to guide you through the process:

Year-End Close Process Objectives:

  • Remove discontinued items.
  • Remove sold purchase receipts.
  • Remove lot attributes for sold lots.
  • Update standard cost based on the current cost field (only for environments without Manufacturing).

Preparing for Year-End Close:

  • Conduct a full physical inventory and update quantities before the actual year-end or establish a robust cycle-counting program.
  • Close out all purchase contracts and PO’s, ensuring no receipts are allowed against any contract line items.
  • Prepare users for a year-end push to complete all year-to-date inventory adjustments, receipts, and invoicing.
  • Determine how to handle new year transactions without posting.
  • Decide on new standard costs for the upcoming year (Manufacturing).
  • Discuss cutoff dates for removing Archived BOMS and Closed/Canceled Mfg Orders (Manufacturing).
  • Run PRF900 to update performance measurements and purge closed shop orders.

Finance Specific Items:

  • Set up financial periods for 2024 before the new year begins.
  • Open the January period in 2024.
  • Finalize any outstanding transactions from the current year (2023).
  • Copy the CEA Book for the new year, ensuring all Journal Sources are set up. Copying ensures that every needed record is in place.

General LX & BPCS Items:

  • Run ACP920 (1099 Report) before ACP910 (Year End Close), as the Close Program clears the 1099 Payments History.
  • Address any old sales invoices.
  • Rectify outstanding financial integration errors.
  • Set up new integration mapping for 2024 as needed.
  • Test the mapping in a test environment before the new year.
  • Review and update jobs as needed to ensure they will process in 2024.
  • Determine, for cash-flow purposes, which purchase invoices won't be paid until 2024.

For additional insights and details about each program's functionalities and the files they update during the LX and BPCS Period End and Fiscal Year-End Processing, please refer to the attached document: LX & BPCS Period End & Fiscal Year End Processing Document

If you require assistance, please don't hesitate to contact us. We are here to guide you through the process to ensure everything is completed correctly and comprehensively. Reach us at 1.800.762.2077 or solutions@crossroadsrmc.com.

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Tips:  LX | BPCS | M3

Tips: LN | Baan

For years, paper work instructions have been a standard part of manufacturing. They were easy to distribute, simple to update, and familiar to operators.

But manufacturing has changed. Products are more complex, customer expectations keep rising, and as experienced employees retire, new hires often need to become productive faster than ever before. As a result, many manufacturers are rethinking how information is delivered on the shop floor.

The Challenge with Paper

Paper work instructions create several common challenges:

  • Multiple versions of the same document
  • Outdated instructions remaining at workstations
  • Time spent searching for the correct information
  • Longer training periods for new employees
  • Inconsistent processes between operators

On their own, none of these seem like a major problem, but together they add up to real quality and productivity issues.

A Shift Toward Digital Work Instructions

One trend we're seeing across the manufacturers we work with is a move toward digital work instructions. Rather than relying on printed documents, operators receive the latest approved instructions directly at their workstation, along with supporting images, videos, and other visual aids. This helps ensure every operator is working from the same information, every time.

Manufacturers making this shift are also gaining new capabilities they didn't have with paper: capturing production data directly from the shop floor, improving traceability, and supporting standardized work across shifts and facilities.

What Manufacturers Are Reporting

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