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Anthony Etzel
/ Categories: Infor LX & BPCS Tips

BPCS/LX Tip of the Week: Financial Year End – Have you done all you need to do?

I'm reposting this checklist for things to consider in order to finish out the current year, and plan for next year…

  • Are your accounting records up to date so you can make a projection of how the current year will turn out?
  • Are all account reconciliations up to date to facilitate the closing of the books after year end?
  • Are there accounts receivable that should be reserved for or written off prior to the end of the year?
  • If your business carries inventory, do you need to plan a physical count as of the end of the year?
  • Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions?
  • Have all new asset purchases and bank loans been recorded on your books?
  • Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to year end? 
  • Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense?
  • Will there be bonuses, profit sharing contributions or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow?
  • Will you be in compliance with your bank covenants at year end?
  • Do you need to make arrangements to receive statements as of the end of the year for cash value of life insurance, loan balances, etc.?

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Anthony Etzel

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Tips:  LX | BPCS | M3

Role-Based Security introduces Role type profiles and allows combining the use of Role profiles with the traditional LX User type security profile functionality. The new Role type profile can be defined to allow or deny access to All Products, Attention Key, Products, Programs, and Transaction Effects. Facility, Warehouse, and Company securities are still defined solely by the User profile settings and are not affected by the assignment of a Role. Where applicable, the Role authority is displayed alongside the User authority on the security profile maintenance screens making it easy to see where there are differences in authority between the User and the assigned Roles. 

When Users are assigned to Roles, security access in LX becomes a combination of authorities granted or denied by the Role, plus any User Exceptions. User Exceptions override authorities set by the Roles. A User can also be assigned to more than one Role.

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Tips: LN | Baan

Baan uses the company calendar in the following modules to determine the start and end dates for planned orders:

  • Master Production Scheduling
  • Material Requirements Planning
  • Capacity Requirements Planning
    (All three combined in a single planning module for Baan V and LN)
  • Shop Floor Control

The calendar provides the valid working days, number of shifts per day and the number of hours in a day.

Baan allows for a single calendar for the whole company or for a calendar for each work center.

Baan/LN Tip of the Week: GRINYA

GRINYA is one of the more complex issues in ERP Finance. GRINYA is the tracking via ledger account of the value of items received on a purchase order that have not been matched to a supplier invoice.

Baan solutions for Baan IV and V were incomplete. To take full advantage of the current GRINYA reconciliation process, check Infor solution #107147, which contains the GRINYA user manual and a link to download the software for your version of Baan. For ERP LN, look at Document Code U8942C US.

It is called User Guide for Reconciliation and Analysis. If you are not running the latest GRINYA solutions, patching will require a good amount of time in filling the Interim tables this solution runs from. Infor has posted several procedural write ups, so check the Support Site and read up before tackling this for the first time.
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