In LX, the actual costs that can be set up fall into three categories: Material, Labor, and Overhead. If your LX database is set up properly with the LX cost accounting, you should be able to identify:

• How much the item should cost
• How to track the cost of work underway
• How much the item actually did cost
• Why the job cost varied from the expected cost
   

Capturing the data to track activity with associated costs can be time-consuming. With an MES solution, the information you need for costing is tracked instantly.

How Does Infor LX Establish Costing For Purchased Items?

In LX, you will establish a standard cost (you define the standard) that LX will use for the purchase items. You also need to establish in LX the Cost Type, the Cost Bucket, and the Cost Set needed for cost accounting.

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:

OPERATIONS: Update, Cancel or Remove Outbound Order Lines

FINANCE: Currency Differences Accounts

TECHNOLOGY: Advantages of Data Replication