Finance (Financials)

Dear all, One of the customer’s have changed their accounting years by including months of year 2025 into year 2024 and year 2026 . Hence they do not have year 2025 in their accounting periods . When they try to run preliminary year end from 2024 to 2026 they can’t get year 2026 in the” To accounting year field” Any idea on how to sort this issue. Your input is highly appreciated. Thank you Warm regards Udanee

Hi Community, Could someone explain how warranty retention (retainage) is handled in IFS Cloud from a Finance perspective? Customer side (Accounts Receivable) Does IFS create a specific ledger item and GL posting type for the retention amount when the customer invoice is posted? Supplier side (Accounts Payable) Is there an equivalent posting type / account for retention payable on supplier invoices or sub‑contracts? If these postings exist, what are their standard codes (e.g. RET_AR, RET_AP) and where do we activate or customise them? Any pointers to the relevant screens or setup steps would be much appreciated. Thanks!

Hello, Due to the high volume of manual vouchers (mostly uploaded), we are looking for a solution to have them automatically reversed on the 1st of the following accounting period. Is there a way to automate the reversal of manual vouchers in IFS Cloud? While simulation vouchers are an option, the issue is that the resulting entries do not appear in our general ledger records. We would appreciate your guidance on this matter. Thank you. Fatimetou Taleb

Hi IFS Community, Dealing with intercompanies transactions, we have a Company A (“Customer Company”) acquiring services from a Company B (“Supplier Company”) to build an Asset. To do so, Company A establish a Purchase Order with different purchase order lines with a Tax Code “VAT on Assets”, while the Tax Code for the Customer Order in Company B is “VAT on Goods & Services sold”. As, we are using an MHS process flow to create automatically the Customer Order in the “Supplier Company” from the Purchase Order in the “Customer Company”, and then generate a Customer Invoice in the “Supplier Company” which will generate automatically a Supplier Invoice in the “Customer Company”, we have a problem as the Tax Codes on the supplier invoice are not the right ones as they don’t heritate from the Tax Codes indicated on the Purchase Orders lines (ie “VAT on Assets”), but from the only Tax Code specified on the Supplier page. It is wrong as the Supplier can provide services which can be subject to

Hi Is anyone aware of a new tax template for Slovakia's 2025 tax reporting to accommodate the VAT increase? Thanks

Hello. When we ran revenue recognition, we noticed that for a particular project, the accumulated recognized revenue is exceeding the estimated revenue, in this case by 2.8K which is exactly the difference between the actual cost and estimated cost. Please see below. Would anyone have an idea why this is occurring and what the remedy is for it? Would appreciate your thoughts and assistance. Thank you.

Community, We got below error when doing purchase order receiving. it is a no-part, and it is associated with a project activity. the project does not have any budget control. where else we can find the budget control in the system, in other words, how we could resolve this issue? Thank you.

Looking to talk to anyone that has managed to set up supplier payments that can be automatically sent direct from IFS to their bank Otherwise can anyone recommend a tool/add on that can facilitate paying suppliers direct without any manual intervention Thanks Jaime

Hi, I had to partially rollback a supplier payment that had been created using supplier payment proposal. This is because the invoice was not coded correctly and was stopping me from activating a fixed asset. I have added the invoice back on, created a 0 value mixed payment to match the invoice to the parked payment that was sat as SUPOA. However, the actual payment on the supplier account is still there, how do i cancel or remove this payment? It is showing in the Supplier Ledger Open Items and is incorrect. I’ve attached screenshots showing the mixed payment matching, as well as the supplier payment on account still remaining after the matching has taken place. Thank you

Dear All, How can you make a Correction Tax Proposal? What does the correction Proposal Select? All transactions or only the transactions that are changed and later fetched transaction via Fetch Tax ledger Info? Thanks in advance for your reaction. Regards Raymond

Hi! We are having an issue this month when running the Periodical Capitalization and Revenue Recognition where some Completed/Closed Projects are pulling into the data as if they are open. To be clear, the Completed Date on the projects are October 31st and we are trying to run the revenue recognition for that same month of October. My understanding is that once a project is closed, it should no longer be eligible for revenue recognition, even if it was closed that same month. Has anyone seen this before? Is there a setting somewhere that could have been changed that would cause this?

Hi Everybody, There is this legal requirement to have the Tax Regime (Regime Fiscale) in the e-invoice with different values, depending on the Tax Regime of the entity. As per what I have found in the documentation; IFS does not support yet other values that “RF01”, which is hardcoded. Considering that Invoice Enclosures must have that field populated with value “RF18”, could you please advise if there is any solution to currently handle this requirement? Thank you!

Hello. I would like to import by external file a french standard bank statement for the bank reconciliation. As I have a treasury software, I got the following file (see blow) with the format CFONB120 (CAMT) and I don’t know how to setup my external file in IFS to read it correctly. Could you help me to setup it or send me an example as I suppose I’m not the only person which receive their bank statements by Ebics in a treasury software. Thanks in advance Regards

Regarding the pain002 file status report upload, we have received 2 files. One file has ACTC - Accepted technical validation, and the other file has ACCP. Once we upload the file which has the status code ACTC, then the order got acknowledged and the status code got changed accordingly. But when we upload the next file which has status code ACCP against the payment order, the system says that cannot acknowledge the order which is already acknowledged and the status is also not getting updated, it remains with the previous status code. How to handle this in IFS?

Hi all, Has anyone worked with payment files where you have both SDVA (Same Day Value) payments and NURG (Non-Urgent) payments? Is it not sufficient that on the specific payment address for the supplier that we select the correct Service Level-Code, or do we need to have a different tag and a corresponding value on the payment file? Nordea bank requires the SDVA payments with a separate header on the payment file and Im trying to verify if this is how the payment file is generated in IFS when there are both SDVA and NURG payments on the same file. Any input is appreciated. Thanks in advance :)

Hello I have generated new standard costs in cost 2 and applied to cost set 1, in our main manufacturing site. I would like to now apply these new standards to all other sites that stock is transferred to at cost. There are 4 sites which need this new standard cost. Thanks for your help Jatin

Hi, We are trying to descp. proposal in ifs cloud. But it gives error below (No data found). All Fixed Assets are true define. We don't figured out why it is give error. Thanks.

Hello, I’ve got an issue while saving complete report in IFS Business Reporter. It started with the “CLOUD” version and I’m not able to solve it since I’ve tried to seek solution everywhere. When I hit the “Save report” button, this error occures. The file exists in TEMP folder. I’ve also tried different directory but with the same result. Any ideas to solve this problem? Thank you so much, Ondřej Čarný

Hi, Our customer has scheduled the creation of positive paycheck files through the External File Assistant. (File Type: ExtPosPayCheck). This task produces an empty file even when no checks are issued for the considered time period. Is there anyway to prevent this from happening. Thank you very much for your help in Advance!

Hello, I am trying to cancel a voucher type “Q” because the project connected was wrong. But when I press the RMB “Cancel Manual voucher” raise this error message. How can I cancel this voucher? Thanks and Regards,

Hi Experts In IFS app10 there use to be a direct offset possibilty. In CLOUD I am able to see that there are offset posibilities but cannot directly offset them out of the payment proposal. I cannot open a second window with the manual offset, since IFS gives an error message that these invoices are used in a payment proposal. Any idea to offset them from the payment propsal window?

Underlying issue is that we can’t close a NAV project until all activities are completed. This causes a problem because in our line of business, it could take up to a year for a customer to pay retention. We don’t want to continue running Rev Rec on a project that is 100% POC and 100% billed. We manage 100’s of projects and it muddies the reporting to have projects that are complete but being included in the Rev Rec reporting. The only current work around I know of is to set the valid date of the FIN project to the future. Not my favorite thing as there’s nothing to on the NAV project to indicate this status. Anyone else with this kind of issue? Any suggestions? Has anyone done any customization?

Hello, Is there any documentation regarding mapping between basic data colums in IFS Cloud and Pagero E-invoice file? We need to know where we should put our bank account number so our customer receives it via e-invoice.

We are struggling to find a screen or standard report that shows basic sale information, after a sale has taken place so we can report what we have sold, value and the associated cost of goods relating to that specific sale. within our pervious ERP system all this data could be found through the sales invoice module however in IFS cloud all it shows is value of sale and no Cost of Goods relating to that sale. any help would be appreciated.

Hello, I am trying to make what I thought was a minor change to one of the posting controls in IFS Cloud. In posting control IP1, I added a new supplier group and added Other Creditors as the Account. An error message appeared saying that the Other Creditors account is not a ledger account, so cannot be used in IP1. In the Accounts screen, I tried to edit this account (which is not being used) to make it a ledger account, but another message appeared saying “You cannot modify or delete if the account is used in the wait table or in the general ledger. I’ve selected the button to exclude from the GL, just to see if it worked, but the same message appeared. There are no transactions relating to this account in the hold table (I don’t know if the “Wait Table” is a different thing altogether. Is anyone able to assist please? Thank you, John