Kathy Barthelt / Wednesday, December 16, 2015 / Categories: Infor LN & Baan Tips Baan/LN Tip of the Week: Financial Year End – Have you done all you need to do? 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.? Previous Article BPCS/LX Tip of the Week: Using Pre-Assigned Lot Numbers Next Article BPCS/LX Tip of the Week: Financial Year End – Have you done all you need to do? Print 53036 Rate this article: No rating Kathy BartheltKathy Barthelt Other posts by Kathy Barthelt Contact author Facebook page Twitter Linked In YouTube Website
10Jun2025 Infor LX/BPCS Tips for EXECUTIVES Tuesday, June 10, 2025 Read more FINANCE: Override Warning in Invoice Entry PO Costing OPERATIONS: Auto Calculate Vendor Delivery Date TECHNOLOGY: User Provisioning Read more
10Jun2025 Infor LX/BPCS Tips & Tricks for FINANCE: Override Warning in Invoice Entry PO Costing Tuesday, June 10, 2025 Read more Improves control over PO costing changes during invoice entry by replacing passive warnings with an intentional override action. In ACP500D3 (Invoice Entry PO Costing), users previously could unintentionally accept changes by pressing ENTER, even when quantity to cost or amount to cost values had changed. A new “F14 to Override” warning message replaces the old message: “Details have changed. Press enter again to accept data.” This ensures users acknowledge and confirm significant changes explicitly. New System Parameter: “Apply GRN Costing Tolerance for PO Costing” (optional): Within tolerance: Displays the original message — “Details have changed. Press enter again to accept data.” Outside tolerance: Triggers the new override requirement — “F14 to Override” Benefits: Enhances oversight and reduces unintentional cost acceptance. Enables better control of PO costs when invoice details differ from expectations. Read more
10Jun2025 Infor LN & Baan Tips & Tricks for EXECUTIVES Tuesday, June 10, 2025 Read more FINANCE: Rebuild History for Account Matching (tfgld1218m000) OPERATIONS: Copy Customized Product Structure to Standard Structure (tipcs2232m000) TECHNOLOGY: Authorization and Security: LN REST APIs Read more