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Infor LX | Infor LN | BPCS | Baan | Infor M3

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Sales Tax Isn't an Issue for Us

Infor LX | BPCS | Infor LN | Baan

"Sales tax isn't an issue for us because all of our customers are exempt."   - Finance Manager, Manufacturing Co.

ARE YOU SURE YOU'VE GOT IT RIGHT?

One of the biggest misconceptions companies have in the manufacturing and distribution industries is that when you don’t charge sales tax, you don’t need to be concerned with sales tax compliance. In the post-Wayfair world, it is paramount for businesses to understand their nexus and the implications of that nexus.

Here are some questions you should be asking yourself to make sure you've got it right:

  • Are you selling into states you are not currently filing a sales tax return in? (including exempt sales)
  • Could your sales tax return process be improved?
  • Is your exemption certificate process audit-ready?

Learn more on Avalara's blog:


Contact Crossroads RMC to discuss how Avalara can help you save time, money and avoid the risk of a costly audit. Avalara provides the compliance expertise and Crossroads RMC provides the integration to Infor LN, Infor LX, Baan, and BPCS.  800.762.2077

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Tips:  LX | BPCS | M3

In the Item Master File, the requirements code is used to specify the type of demand for the item. Planned order requirements are determined from the type of demand. If the requirements code is left blank, the planning systems treat the item as a sum code (3).
 

Other options for the field are:


1 = Dependent demand that is indirectly generated from the parent item requirements.

2 = Independent demand generated from customer orders and forecasts.

3 = The Sum of both independent and dependent demand.

In SFC600, there is no code to capture the time spent on re-work. Re-work is usually at a specific operation, or when the part is finished and QC determines that re-work is required in order to pass inspection. You are faced with deciding on how to report the additional labor time.

Do you continue to report it against the operation, or create a re-work shop order?

If you are re-working through a specific operation you can capture the time as run labor with the SFC600 program. Now you need to deal with the variance of actual to standard time and what impact this has on costing.
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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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