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Finance (Financials)

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andrei.borromeoDo Gooder (Customer)

asked in Finance (Financials)

Revenue Recognition

Hello. I am hoping someone can advise or give some direction on how to handle this situation in IFS. Parent company received an order. Billing for the order will be done by parent and depends on milestones achieved. Parent sets up the customer order. Most of the work will be done by subsidiary. Part of the revenue will be earned by parent. The rest of the revenue will be earned by the subsidiary. Subsidiary sets up an intercompany order (customer is parent) and project. The amount of revenue to be recognized by parent each month depends on the percentage of completion of the project in the subsidiary. Parent will not recognize cost. Subsidiary recognizes revenue each month based on percentage of completion. Cost recognized is actual cost. After subsidiary completes project, it ships to the customer. It will then bill the parent. For example,Assume the parent received a $100 order. Parent sets up customer order for $100. Revenue allocated to parent is $20. Revenue allocated to subsidi

VioletaSidekick (Partner)

asked in Finance (Financials)

Accounting Journal to meet Italian Law Requirements

Hi everybody, Does anyone has experience with the Accounting Journals definition to meet the Italian Law requirements (Libro Giornale)?Customer needs to have all the GL transactions, sort by registration date, but here in IFS I see I need to choose the vouchers that I want to be included.Should I select all of them or some need to be excluded? I do not have so much experience with the Italian Law and I expected to fine this report in the ones particular for Italian Localization but as I could not find it, I suppose I have to define it.

markvkDo Gooder (Customer)

asked in Finance (Financials)

Tax Area ID

We are on IFS Cloud and have a customer saying they are getting charged the wrong sales tax rate. We are using Vertex as our tax software interfacing with IFS. I have reached out to Vertex already and it appears one side of the road is one tax rate; the other side is a different tax rate. Vertex told me to set the Tax Area ID so that can pass thru the ERP. I assume this is on the customer record and probably tied to the address we are sending it. I am not finding a field for this Tax Area ID. Anybody have an ideas?

SMcLeesSidekick (Customer)

asked in Finance (Financials)

Payment Format - Customer repayment

Have selected the checkbox for ‘Use as Customer Repayment’ in Payment Formats per Company screen, but still don’t have the option to select it as payment method when creating Repayment Order? What else needs to be selected/set up to allow this?

FekSuresCDo Gooder (Partner)

asked in Finance (Financials)

CUP_OCRNOR - OCR Domestic Payments in NOK, Norway

Hi All,Good Day!Anyone worked on external file template CUP_OCRNOR - OCR Domestic Payments in NOK, Norway.I am trying to upload this file and getting some error.It would be good if anybody worked on it and provide sample file for the same to cross check with my file.This requirements for IFS App 10. Appreciate your valuable inputs or suggestion for the same. Getting below error:

PlaHirusSDo Gooder (Partner)

asked in Finance (Financials)

Adding new control type for the standard defined list of control types

Hi All,I have a customer requirement to define a posting control based on work type to map the revenue posting generated in sales invoice. As the work type is not a control type which is defined in the standard list of control types available in posting controls related to sales invoice postings, is it possible to define this control type for the standard list of values via a development? Any ideas on such feasibility?

AbdessamadDo Gooder (Partner)

asked in Finance (Financials)

Run Code string Completion

Hello, Is it possible to explain the use of this screen below ? Best regards

asked in Finance (Financials)

Consolidation Code Part in Cloud

Hi,Group Consolidation is installed. However still ‘Consolidation’ code part function is not shown in IFS Cloud. Any idea? It was there in Apps10 but not in cloud.Please advise. Thank you.

ConAlberMHero (Partner)

asked in Finance (Financials)

Payment Advice Print Error in Print Manager

Hi comunity,When creating Payment , there is an event that send a mail to suppliers wiht a PDF create with cristal report, this process is getting an error in Print manager and the mail is not send until restart this process in Print manager. Message indicated is: ORA-04061: existing state of has been invalidated. Running a IFSAPP10

FEKTSIRYSidekick (Partner)

asked in Finance (Financials)

Posting Control PP12

Hi everyone,Thank you very much for your help with my question.I did a matching between a crédit invoice and an advance invoice and the requirement is to setup the posting control PP12 (Currency loss).My concern is to know why have this posting in my matching because my transaction is in local currency.So is it normal? Many thanks.

CorBarbaLDo Gooder (Partner)

asked in Finance (Financials)

Summarized Tax Report: Voucher K: Correction

A tax proposal is created and printing the summarize report. It seems that the proposal is not picking up the Voucher K: correction on two tax codes. Has anyone seen this before?

asked in Finance (Financials)

Follow up on how many POs and invoices are matched auutomaticlly

Hi,We need a method to track the number of purchase orders (POs) that are automatically matched with invoices without any manual interventions. We've attempted to create reports in the past, but without success.Does anyone have suggestions on how to solve this problem? Thank you,

Nisha GuptaDo Gooder (Partner)

asked in Finance (Financials)

Users are unable to see the data under Payment sections.

In Apps 9 users are unable to see the data under payment section in Supplier Analysis window.Thank you in Advance!

tgriffinDo Gooder (Customer)

asked in Finance (Financials)

Automatic Tax Proposal - Print definitive report

Hi there, Can anyone please point me to the permission that controls access to this option in the Automatic Tax Proposal screen?I've looked all over and can't seem to pinpoint the permission responsible! Thanks!

itsrubymDo Gooder (Customer)

asked in Finance (Financials)

multiple company allocation

Hello there,I have a question on the multiple company allocation function in IFS Cloud.For example, we have a scenario that which allocation happens between multiple companies and multiple locations (one of the code parts) at the same time. Allocate from Company 1 Location 1 -100%Allocate toCompany 1 Location 2 +30%Company 1 Location 3 +30%Company 2 Location 4 +40%Is it possible to use MCA in one company?

MelKingDo Gooder (Customer)

asked in Finance (Financials)

Error Message: "Not Allow to use year open period"

We have a user who created a manual voucher, but there were no approvers entered. When trying to add them in, we received this error. Has anyone seen this before?

ADE1987Do Gooder (Partner)

asked in Finance (Financials)

What is the matter of "logical code part" when defining the code string?

Dear, How can we explain properly the different “logical code part “ in the code string?

LinkSuperhero (Customer)

posted in Finance (Financials)

Import X-Rechnung or ZUGPFeRd format to IFS in Germany

Dear IFS experts,from 2027, it will be mandatory in Germany to import invoices to IFS in X-Rechnung or ZUGPFeRd format.Does or will IFS offer any functions?If not, what is the alternative?Thank you in advance.

andrei.borromeoDo Gooder (Customer)

asked in Finance (Financials)

POC Current Period

HelloTo test Manual POC, 5% was inputted and revenue recognition was rerun. It now shows 5% in the POC Current Period column of the Revenue Recognition Project Log. I am unsure though which amounts underly this 5% (ie. which amounts in the revenue recognition project log is involved to calculate this 5%?). Additionally, I see 14,988.747 of Calculated Revenue Recognized Accumulated but I cannot figure out how that was calculated. I would appreciate it if someone could advise. I am trying to understand how the 5% and 14,988.747 are being calculated and which amounts are being used for such numbers. I have attached an Excel output file for this. Any help would be much appreciated.

andrei.borromeoDo Gooder (Customer)

asked in Finance (Financials)

Parent bills customer on behalf of Subsidiary

Hello. We have a situation where our subsidiary will do project work and earn all the revenue and assume all costs but we would like the parent to bill the customer on behalf of the subsidiary. I would appreciate it if someone could advise on the best way to set this up? Any help would be much appreciated.

MelTanyaSSidekick (Partner)

asked in Finance (Financials)

Activity sequence number on projects having no value

Hello to the communityI am trying to transfer to cost accounting the project postings but get the error “activity sequence number must have a value”. Do you by any chance know how i could get a default activity sequence number on my posting lines when the code part “project” depends on posting control and not preposting? The PRJT2 and PRJT6 are setup to have project according to employee category, but no sequence number is mapped on posting line, and the error comes from the fact that it does not have a value; i tried to exclude from project follow up the 2 accounts used in PRJT2/6 but then the project no longer comes from the posting control defined but is the same as preposting. If you have an idea on this matter, would be happy to discuss it with youThanksTanya

mrsweeneyDo Gooder (Customer)

asked in Finance (Financials)

User_ID in New Manual Supplier Invoice - what view/table does it populate?

When creating a New Manual Supplier Invoice, the User Id attribute will auto-populate. Our users would like to see this User ID on the Manual Supplier Invoice page but it is not an available attribute in the Manual Supplier Invoice Group (or any other view that I can find). Does anyone happen to know where it can be found?Second question...If the User ID is not available for a Manual Supplier Invoice, can a custom field be added into the New Manual Supplier Invoice so that the creator of the Invoice (Application User) can be recorded? We would like to know who created a Manual Supplier Invoice.Thank you!

ronhuHero (Customer)

asked in Finance (Financials)

illegal reference given

Hi, Community, any idea about below error message? this is the first time we saw this error when we are processing a supplier invoice final invoice posting.

ManilkaPDo Gooder (Customer)

asked in Finance (Financials)

Fixed Asset with incorrect Acquisition Date

I have a fixed asset that was imported with the incorrect acquisition date and couple of depreciation have already been run. What are my options to correct this? Rollback depreciation and deactivate object and create a new object with correct acquisition date ?

RajKSidekick (Partner)

asked in Finance (Financials)

Internal Ledger balance for previous year

Hello,One of our customer has created a new Internal Ledger for their local purpose and activated for all accounts, is it possible now to see the last year balances that are connected with voucher types which are applicable for both GL and IL?Thanks

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