Question

Accounting Journal to meet Italian Law Requirements

  • 24 July 2023
  • 2 replies
  • 78 views
Violeta
Rank
Badge +6

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.

 

2 replies

T
Rank
Userlevel 7
Badge +18

Hi, 

 

The Italian localization / Italian Laws are pretty sophisticated.   Typically, I would reach out to IFS Italy / consultants from that office.    

Other counties the local solution is not nearly as unique.  

 

Best regards, 

Thomas

J
Rank
Badge +1

Hi Violeta,

We are also facing issues related to the Libro Giornale, IFS does not fit the legal requirements that are absolutely not new.

Attached the Business Requirements that we provided to IFS as a request for change of the IFS fonctionnality used to process the Libro Giornale.

To summarize, sequence number (assigned when IFS PGM runs) must be assigned based on the entry date and booking date, what is not the case today, so 2 vouchers in the same booking period are not given the sequence in the right order, depending on the entry date, today the earlier  entry date has not always the lower sequence number. Example in the attached file is described.

Then the Libro Giornale is sorted per sequence number and then this does not give the right order related to the time line in the LIbro Giornale.

 

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