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Kathy Barthelt
/ Categories: Infor LN & Baan Tips, Finance

Infor LN & Baan Finance Tip: Unallocated Payment

How do I assign an unallocated payment to a purchase invoice when the document dates are not the same?

When trying to assign an unallocated payment, it is possible that the purchase invoice is not displayed in session Assign Unallocated / Advance Payments to Invoices (tfcmg2106s000), even though it is showing in the open entries. This can happen when the document date of the unallocated payment lies before the document date of the purchase invoice you want to assign it. There are 2 ways to handle this:

  1. Change the document date of the unallocated payment. This can be done by reversing the original document and creating a new one with a different document date.
  2. Create a new financial batch and use a transaction type of category Cash, subcategory Assign Advance/ Unallocated Payment. The date of the assignment will be the Transaction Entry Date of the batch. This way, the document dates can differ. Session Assign Advance/Unallocated Payments to invoices (tfcmg2131s000) will open. Chose the correct unallocated payment document and on top, click assign invoices to assign the correct invoice.
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Kathy Barthelt

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Tips:  LX | BPCS | M3

So, how many of you have updated the estimated cost of material and labor in your ERP system recently? ……Hmmmm. That’s what I thought.

Do you have any idea how accurate those numbers are? Are you making business decisions based on estimates that are completely inaccurate?

Consider switching from estimates to actuals. Furthermore, consider implementing an automated data collection system to make this easy. By collecting production and labor data real time, you can gain real insight into your business and you gain the ability to look at the profitability of individual jobs, projects and employees.

Optimize Your Manufacturing Today!

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  1. Identify the key metrics. You need benchmark data so you know what realistic goals are, then track them and publish your performance along with a brief comment from time to time on how things are trending and how you compare with others, particularly your primary competitors. The best thing about this is that it is a system that develops a life of its own.
     
  2. Measure it. Automatically, people start to think about improving things. Then the fun part, stuff begins to improve by itself. Once in place, the system just hums along and the benefits appear, because it has motivated people to think about it, and figure out what they can do to make it better.
     
  3. Communicate it. Publish your numbers, and explain to people how what they do affects the company as a whole and its success/failure. Once they see the numbers, employees quite often start to modify their behavior for the better.

Optimize Your Manufacturing Today!

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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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