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Infor LX Tips, Infor LN Tips, BPCS Tips, Baan Tips, Infor M3 Tips & Infor ERP News

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Infor ERP Tips & News from the Experts

Infor LX | Infor LN | BPCS | Baan | Infor M3

Kathy Barthelt

Infor LN & Baan: Is Your House All In Order?

Have you successfully closed all of the fiscal, tax and reporting periods for 2019 and closed the year? Sometimes this task hangs out there looming because either people don’t know what needs to be done, or there is a fear there are going to be problems.

Let Crossroads RMC’s expert finance consulting team help you through this.

Move into 2020 with ease! Contact Kathy Barthelt today to put together a plan for your close.
800.762.2077

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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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