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

30Mar2021

Infor LX & BPCS Tip: What is IDF and how could it make my life easier?

Tuesday, March 30, 2021

The Infor Development Framework (IDF) re-architects the way a user interacts with the application. IDF provides an efficient, task-oriented process to view application information that is contained within Infor LX. IDF enables users to configure their view of the application data without modifying the core application and its supportability.

The examples below describe how users can configure their display of data and maximize overall productivity:

Arrange application information into multiple groupings and sequences that make sense for the job.
Hide information that does not apply to a particular job or task.
Filter records to show only the information that applies to the job or task that the user is performing.
Customize the information for an individual user, for a group of users, or for all users.

17Mar2021

Infor LX & BPCS Tip: Product interface list, SYS635D

Wednesday, March 17, 2021

Did you know? Product interface list, SYS635D

This program creates a report that contains all interface program call records that were created for the Infor LX programs specified in the range on this screen. The report contains a line for each record found. The line displays the following information:

The name of an Infor LX program that contains a user exit to an add-on program
The interface point in the Infor LX program, that is, an identifier of the point in the program code where the user exit is requested
The execution sequence number of the record, because more than one add-on program can exist that can run from the same interface point
The add-on program to call at the interface point. The Add-on Product Interface file, ZXI, stores the records.

Access: Menu SYS

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Tips: LN | Baan

13Nov2024