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Kathy Barthelt
/ Categories: Infor LN & Baan Tips

Infor LN & Baan Tip: Payment Terms on a Purchase Invoice

Is it necessary to remove existing tax transaction lines when changing payment terms on a purchase invoice?

If the Level of tax calculation is set to Transaction Line and the Tax Transaction Lines already exist, it is necessary to remove existing transactions in order to update the Payment Terms. Otherwise, the payment terms will not update and will keep the old value.

Previous Article Infor LX & BPCS Tip: Ensure Correct Tax Code Usage on AP Invoices with this New Enhancement in LX
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Kathy Barthelt

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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.

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Tips: LN | Baan

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