Kathy Barthelt / Wednesday, December 16, 2015 / Categories: Infor LN & Baan Tips Baan/LN Tip of the Week: Financial Year End – Have you done all you need to do? Came across an article online from Lauber CFO’s, and thought I would share. Here is a checklist for things to consider in order to finish out the year and help you plan for 2016: Is your accounting records up to date so that you can make a projection of how the current year will turn out? Are all account reconciliations currently 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 the 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 the cash value of life insurance, loan balances, etc.? Previous Article BPCS/LX Tip of the Week: Using Pre-Assigned Lot Numbers Next Article BPCS/LX Tip of the Week: Financial Year End – Have you done all you need to do? Print 53044 Rate this article: No rating Kathy BartheltKathy Barthelt Other posts by Kathy Barthelt Contact author Facebook page Twitter Linked In YouTube Website
10Jun2025 Infor LX / BPCS Tips & Tricks for OPERATIONS: Auto Calculate Vendor Delivery Date Tuesday, June 10, 2025 Read more 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. Read more
10Jun2025 Infor LX/BPCS Tips & Tricks for TECHNOLOGY: User Provisioning Tuesday, June 10, 2025 Read more 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 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