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

Kathy Barthelt
/ Categories: Infor LN & Baan Tips

Baan/LN Tip of the Week: Closed, Final Closed, Provisional Close – What’s The Difference?

Fiscal, Reporting and Tax Periods can have status Open, Closed or Final Closed. If a period is Closed or Final Closed, you cannot post entries to those periods. If a period is Closed, you can re-set it to Open and post entries. If a period is Final Closed, you cannot post and you cannot set it back to Closed or Open.

A Provisional Close is run at year-end to bring the balances forward for the new year without having to close the previous year. A Provisional Close can be run as many times as you like. After a Final Close, a Provisional Close cannot be run.

The Provisional Close allows you to continue into the new year with all financial reporting and not have to rush with the Final Close until all adjusting entries are made and any final signoffs have been completed.

Previous Article Baan/LN Tip of the Week: Product Families
Next Article BPCS/LX Tip of the Week: Work Center - Cells
Print
76526 Rate this article:
No rating
Kathy Barthelt

Kathy BartheltKathy Barthelt

Other posts by Kathy Barthelt

Contact author

Please solve captcha
x

Tips:  LX | BPCS | M3

Enhances purchase order efficiency by automatically calculating the Vendor Delivery Date based on user input.

  • When a purchase order line is created, the user enters the item, order quantity, and Due Date.

  • LX automatically calculates the Vendor Delivery Date, adding buffer time for quality control, testing, and inspection activities.

  • If the Due Date is revised, an informational message prompts the user to review and potentially update the Vendor Delivery Date.

Enhancements:

  • A new PUR820 system parameter enables automatic recalculation of the Vendor Delivery Date.

  • Instead of a manual reminder, PUR500 now issues a message: “Vendor Delivery Date recalculated,” showing the updated date.

Benefits:

  • Eliminates the need to manually review and update the Vendor Delivery Date.

  • Removes the need to delete and recreate PO lines to trigger automatic date calculation.

Enables integration between LX and Infor OS Federation Services (IFS) to automate user provisioning.

  • Bi-directional user synchronization between Infor OS and LX:

    • Infor OS user creation or changes automatically create or update users in LX.

    • IBM i user profiles can be created if needed.

    • Updates to SYS600 user data are reflected in Infor OS.

  • Security Role Integration:

    • LX Security Roles and Units are published as IFS Security Roles via SyncSecurityRoleMaster BODs.

    • LX receives inbound SyncSecurityUserMaster BODs from IFS to create or update user records in SYS600.

    • SYS600 Exit Points trigger ProcessSecurityUserMaster BODs to request user creation or updates in IFS on behalf of LX.

Available Versions: 8.3.5, 8.4.1, 8.4.2

FirstLast

Tips: LN | Baan

Categories