In Baan IV, the order balance amount always includes the tax amount. Consequently, the tax amount must be recalculated every time an order line is modified in order to update the balance correctly. If the tax provider is activated, this requires an API call for every re-calculation of tax.

In Infor LN, users can select or clear the new Include Tax in Order Balance check box in the COM Parameters (tccom0000s000) session to indicate whether users want to include tax amounts in the order balance amount. This parameter has an effect on various sessions in Order Management.

Pros/Cons of Multi Finance / Single Logistic Company Set-Up

You may have started your setup of your ERP system one way, and have discovered over time that maybe it no longer fits how you need to do business. Here are some pros/cons to consider for a Single Finance / Multi-Logistic setup. 

You may have started your setup of your ERP system one way, and have discovered over time that maybe it no longer fits how you need to do business. Over the next few weeks, I’ll be providing some pros/cons to consider for different company setups.

Pros/Cons of Single Finance / Single Logistic Company Set-Up

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.?

Just a refresher on a tip I’ve shared previously from Supply Chain Technology Bulletin regarding how to attain greater inventory accuracy. I thought it would be worthwhile to share again:

1. Record data regarding your inventory as soon as the items arrive at your door / receiving dock. With information, you can make decisions. Without it, you waste money, time, and effort.
2. Leverage data collection, label generation, and RFID solutions to make your life easier.
3. Set inventory accuracy goals for the business and for employees.
4. Train your employees so they know what is expected of them, and how to best perform their job and therefore how best to maintain accurate inventory counts.
5. Count the inventory – and do it regularly. Find a method that works best for your employees, and for your business.