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 LN & Baan Finance Tip: How to clear balances on invoices that will be moved to a new company
Kathy Barthelt

Infor LN & Baan Finance Tip: How to clear balances on invoices that will be moved to a new company

To clear out the balances of outstanding invoices that will be added into new companies or moved into new companies, credit notes could be created for them and have them linked to all the invoices of one customer/supplier. 

Another option is to run the session to Write Off Payment Differences for all the invoices that will be moved out to the new company. These would clear out the balances of the invoices but affect the payment difference account.  

Previous Article Infor LN & Baan Tip: Did you know? PBOM – Effective Dates
Next Article It's almost the end of the 1st Quarter of 2021 -  How are you doing on your 2021 goals?
Print
64686 Rate this article:
5.0
Kathy Barthelt

Kathy BartheltKathy Barthelt

Other posts by Kathy Barthelt

Contact author

Please solve captcha
x

Tips:  LX | BPCS | M3

Users can now freeze period-end balances at the end of a fiscal period. You can now store the opening/ending on hand balance for each Inventory period at the Item (IIM), Warehouse/Item (IWI) and Lot/Location (ILI) levels. This information can then be used for inventory tracking and valuation purposes, as well as other ad hoc financial and audit reporting requirements. Infor LX clients can backdate inventory transactions into the immediate previously closed period, and thus update what was saved as the opening/ending balance throughout the current open period.

FirstLast

Tips: LN | Baan

Categories