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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

You’ve got a handle on your inventory requirements, right? Are you confident you can handle a rush order, or ten rush orders?

Baan & LN Add-Ons

Kathy Barthelt 0 37321 Article rating: 5.0

RMCbuild gives you the ability to report a component’s gross requirement, shortage, on-hand inventory, on-order inventory, allocated inventory, inspected inventory, production or work orders due to replenish component inventory, buyer or planner, and/or item group… and more.

RMCbuild takes all the surprise and guess work out of inventory planning. Give your employees the tools they need to do their job effectively.

Avalara isn't only tax calculation and returns filing....

Baan & Infor LN

Kathy Barthelt 0 42803 Article rating: 5.0

Did you know that in addition to tax calculation and returns filing, Avalara can also help with:

  • Business license and tax registration
  • Streamlined Sales Tax qualification
  • Nexus analysis and compliance
  • Tax document management including exemption certificates
  • Audit preparation

Contact us today! We partner closely with Avalara to provide you with solutions on ALL version of Baan and Infor LN!
 

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

Kathy Barthelt 0 33502 Article rating: 5.0

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

Want a way to convert IBM i ® spool files into full-color, professional forms that are output as PDF documents?

Anthony Etzel 0 35658 Article rating: 5.0

Want a way to convert IBM i ® spool files into full-color, professional forms that are output as PDF documents?

Crossroads RMC and TL Ashford can help you get there!

TLAForms provide a reliable, feature-rich, cost-effective forms solution for IBM i, with no programming required!

Contact Anthony Etzel for more info: 1.630.955.1310, x125 or aetzel@crossroadsrmc.com

Join us in St. Louis for inPOWER 2020!

inPower 2020

George Moroses 0 33383 Article rating: 5.0

We can’t wait to see you this May at the PREMIER event for Infor LX & BPCS users! Join us for the conference and a special customer appreciation event!

Why attend?

  • Participate in exclusive training sessions
  • Attend user experience and industry presentations on topics relevant to your business
  • View new product demos to give you the tools needed to tackle issues we all share

Click here to register and please let us know that you will be attending!

What is the right balance of KPIs to make sure your production line is running at peak performance?

Analytics Dashboard

Crossroads RMC 0 34933 Article rating: 5.0

How can we make sure the production line is running at peak performance?

One very effective way is to put the right balance of production KPIs in place. Some of these are leading indicator KPIs that help provide insight into future performance and some are results KPIs that tell you how you have done. It is good to have both.

Check out this list of 21 examples of KPI indicators for 2020 to help improve manufacturing performance.

Analytics Dashboard for Infor LN & Baan
Analytics Dashboard for Infor LX, BPCS & Infor M3

Consulting News: It's Time for the Crossroads RMC Utilization Review

Frank Petrasio 0 51265 Article rating: 5.0

If your business requirements and resources have undergone a major change since your original implementation, it is time to take a look at your ERP system to see if it is being utilized properly.

The Crossroads RMC Utilization Review is designed to work with your people to identify the best way to apply the powerful capabilities within the Manufacturing, Supply Chain and Financial modules within the Infor LX and BPCS software to best suit the needs of your business, not only today, but in years to come.

Learn more> 

Contact Frank Petrasio today to schedule your review so that you can get 2020 started on the right foot!
800.762.2077

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Tips:  LX | BPCS | M3

Tips: LN | Baan

Kathy Barthelt
/ Categories: Infor LN & Baan Tips

Infor LN & Baan Tips & Tricks for FINANCE:  Currency Differences Accounts

Currency differences can make the financial analysis and reconciliation more complex. These types of currency differences can occur:

  • Currency differences
    Currency result caused by fluctuations in the exchange rate, for example, if the rate differs between the invoice date and the payment date.

  • Exchange gain and loss
    Currency result caused by the use of different exchange rate types, for example, the Sales rate type and the Internal rate type, or if using the rate determiner you have changed the exchange rate for a transaction during the order handling procedure.

  • Translation gain and loss
    Currency result caused by the use of different currencies during the order handling procedure, for example, if the order currency or the payment currency differs from the invoice currency.

  • Destination gain and loss
    Currency result caused by different results when the transaction currency is converted to the various home currencies. Destination gain and loss can only occur in an independent currency system.

To support good reconciliation possibilities, currency differences and exchange gain and loss are posted to these accounts:

  • Exchange Gain and Loss
    For differences between related amounts (debit and credit postings) due to different exchange rate types or different currency rates.

  • Currency Translation
    For transactions in which the debit posting and the credit posting are made in different currencies.

  • Currency Differences contra account
    For currency differences on the invoice accrual account due to rate changes between the receipt date and the approval date of the invoice and calculated when you close a financial period.

Previous Article Infor LN & Baan Tips & Tricks for OPERATIONS: Update, Cancel or Remove Outbound Order Lines
Next Article Infor LN & Baan Tips & Tricks for TECHNOLOGY: Advantages of Data Replication
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Kathy Barthelt

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