Year End close advice?

Hello all,

We are in the midst of beginning our Year-End close planning and prep. This is our first year using Lawson. Would anyone mind sharing experience, advice, example checklists, etc.? Any recommendations would be useful! Thank you.

Find more posts tagged with

Infor Lawson Supply Chain Group - Discussion

Comments

unknown

Year End for SCM is not very different than a regular month end here.

PO220/PO223 are run and verify all POs that should be closed are closed.
RNI (PO135) and MNR (PO136) are run in non-update mode and worked for issues.
We want to verify that the only things carried over to the new fiscal year are known and accounted for.
The warehouses all conduct a full annual physical inventory at some point in the month to ensure the month end total is the most accurate.
- Like any normal month, they check on the IC145 to make sure everything has been received in or followed up on, there are no stuck shipments/reqs/etc.

Procedurally at month end close, the only difference is the IC190 report. You will need to populate the month end dates for the following year.

unknown

You'll want to keep AP, PO and IC in sync as much as possible. Our AP department waits to close the year until about two weeks in so I hold off on closing PO and IC until then so that we can close on the same day.

unknown

Here is the checklist I use. It is applicable to both month-end and year-end close (only change is in IC190)

[View:/cfs-file/__key/communityserver-discussions-components-files/12/DHS-Month-End-Close-Checklist.xls:320:240]

unknown

This is wonderful. Thank you so much for sharing!

2011-10-27_CH-Stammtisch_2.pdf

Stace Webley

[View:/cfs-file/__key/communityserver-discussions-components-files/12/Month_2D00_end-close-instructions.xlsx:320:240]

Here are our steps for PO and IC month end and year end. The only thing that changes is IC190. Screen shots are included on the tabs.

Copyright © 2025 Infor. All rights reserved.