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Streamline Your Audit Process: How Crossroads RMC and Avalara Ensure Compliance and Confidence

Streamline Your Audit Process: How Crossroads RMC and Avalara Ensure Compliance and Confidence

Be Audit Ready with Crossroads RMC and Avalara

Managing reports and preparing for audits can be incredibly time-consuming and laborious. It involves extracting data from multiple sources, consolidating information, and rectifying any discrepancies. These tasks often drain resources away from revenue-generating activities.

Fortunately, Avalara offers a comprehensive solution with robust reporting capabilities, drastically reducing the time required for these processes from weeks or months to mere minutes.

Avalara serves as a centralized repository of sales tax information, ensuring accuracy and consistency across all systems involved in the compliance process.

Jean Treimanis, CFO: “I feel confident with what we can provide to any state auditor who comes in. And we can do it remotely because they can access my information easily over the internet.”

Through seamless integrations with Infor LN (ERP LN), Baan, Infor LX (ERP LX), and BPCS, Crossroads RMC and Avalara ensure smooth operation and compliance.

To discover how Avalara and Crossroads RMC can streamline your audit readiness and save time and money while ensuring complete business compliance, please refer to the Avalara Audit Risk Infographic and contact Crossroads RMC to schedule a brief discovery call.

800.762.2077

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Tips:  LX | BPCS | M3

The system supports four levels of inventory. You can view summaries of stock at each level through the Material Status Inquiry program or through reports.

 

Below are the four levels:

â–ª  Item

â–ª  Item + warehouse

â–ª  Item + warehouse + location

â–ª  Item + warehouse + location + lot

 

The lot number level and/or container of inventory can cross multiple warehouses and locations. For example, item + lot or item + lot + container. Locations exist within warehouses. There is no limit on the number of warehouses, locations, or lots that you can assign to an item.

Four fields in the Item/Warehouse record (IIW file) affect the disposition of the

pallet status.

 

1.  Goods Receiving Code: You define these codes in Goods Receiving Maintenance (WHM130). The codes control whether or not the stock passes through inspection, what percentage, or quantity of a delivery to inspect, and the number of quarantine days, if any.

 

2.  Inspection Zone/Inspection Location: Either the Inspection Zone or the Inspection Location must be entered on the Item/Warehouse Master Maintenance screen WHM150D2-01.

 

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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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