Kathy Barthelt / Wednesday, November 13, 2024

/ Categories: Infor LN & Baan Tips, Finance

Infor LN & Baan Tips & Tricks for FINANCE: Use of Electronic Bank Statements

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:

Convert Electronic Bank Statements (tfcmg5202m000)
Convert the received bank file to a format that LN can process. LN stores the converted bank statement files in the directory specified in the Path For EBS Archive field of the Bank Relations (tfcmg0510m000) session. In the Pathname EBS File field, you must add the file name. To add the current date to the file name, append a tilde (~) to the file name.
Validate Bank Statements (tfcmg5202m000 / tfcmg5510m000 / tfcmg5511m000)
Validate the converted electronic bank statement.
Match Bank Statements (tfcmg5210m000)
Automatically match as many of the imported statements (status Validated) as possible with open items. LN can match the statements with sales invoices, purchase invoices, and anticipated payment documents.

Matching Options:
- Match - Surplus on Aging / Unallocated (Default value)
- Match - Surplus on Unallocated
- Match - Surplus to be allocated Manually
- Allow Underpayments
- Use Payment Difference Tolerance
Matching Results (tfcmg2500m100)
Review the results of the matching process.

To handle an unmatched amount, you can:
- Manually add an unallocated payment or receipt line.
- Reconcile the surplus with remaining open entries of the business partner.
Post Bank Statements (tfcmg5210m100)
Post the bank transactions to the General Ledger.

Update the business partner’s bank account number and other details in the Bank Account by Pay-by Business Partner (tccom4115s000) session, based on the details read from the bank statement file.

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Tips: LX | BPCS | M3

15Apr2015

BPCS/LX Tip of the Week: Understanding What Goes On – Out on the Factory Floor

Wednesday, April 15, 2015

Ok… so you want to know the status of a specific shop order that was released two days ago.

What do you do?

It’s a sure bet that you have a manager, supervisor, or planner who can walk the floor and find the order at whatever work center it happens to be at. He/she can then answer “what operations have been completed and how many were completed?” All this requires leg work, and of course, a fair amount of time.

Now, if you have setup your BPCS master files properly, and you report transaction activity, you should be able to get those shop order statuses much faster using the SFC300 Shop Order Inquiry Screen.

At your fingertips you can see:

Release date & due date
How many hours remain in total and at each operation
The quantity required, what was finished and the remaining quantity
What components (materials) have been issued

Pretty basic information, right? Are you getting what you need to know? If not, then you may want to reexamine how your BPCS files are setup and what transactions along with their frequency are captured.

8Apr2015

BPCS/LX Tip of the Week: Indirect Time

Wednesday, April 8, 2015

In Infor LX, there are two ways to enter indirect labor. You can use either SFC600 or SFC650.

If you use SFC600 and enter a reason code for the indirect labor, the reason you entered is written to the Labor Ticket file.
If you use SFC650 and enter a reason code for the indirect, the reason code is not written to the labor Ticket file.

In either case, the reason code is not validated from the transaction file because there is no indirect transaction code. The indirect code that can be setup is machine downtime. If you need to validate and track indirect by reason and validate the reason code, then you may want to explore an MES solution that works with Infor LX.

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Tips: LN | Baan

13Nov2024