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George Moroses
/ Categories: Infor LX & BPCS Tips

Infor LX & BPCS Tip of the Week: Expanded Amount Fields on the Period End Calculation Reports – LX 8.4

The Print/Calculate FIFO/LIFO/Average Program (VAL250B) has been changed to use five decimals in calculating amount fields. This has been done to improve the precision of the Period End Calculation Reports.

The fields, reports, or areas impacted include:

  • Report and Generate FIFO Values, VAL200D
  • Working Value FIFO Calculation Report, VAL250O1
  • Report and Generate Average Values, VAL 210D
  • Working Average Values Calculation, VAL250O1
  • Report and Generate LIFO Values, VAL220D
  • Working Values LIFO Calculation, VAL250O2
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Tips:  LX | BPCS | M3

1. Eliminate paper shop packet and distribution of the paperwork to the shop floor.     

2. Eliminate manual (paper-based) recording activities and the need to key in the transactions.

3. Easy electronic scheduling by sequence and changing job priorities.

4. Evaluate differences using actual times compared to standards.

5. Improve data accuracy and eliminate the need to chase and fix errors.

6. Practice Real-Time data reporting to monitor efficiencies and identify problems as they occur.

If the item being received needs to be inspected prior to being available for use, there are two schools of thought.The first is to receive the item to a QC hold location. The downside is the item will show up in on hand inventory.

A better method would be to do a PO receipt to inspection. Both Inv500 and Pur550 support this method. Now you have received the item without showing it in inventory. Only the PO quantity in inspection is updated. This method also allows you to create an Inspection Dispatch Report. After the QC process for the item is complete, then the transaction Receipt from Inspection to Stock is processed. That transaction then updates the PO quantity received field and the Item on hand field in inventory.

 

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Tips: LN | Baan

All actions required for converting, validating, matching, and posting electronically received bank statements can be performed within a single session:

  • Bank Statement Workbench (tfcmg5610m100)
  • Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps to Process Electronic Bank Statements:

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