Finance (Financials)

This will include the questions related to Financials.

  • 4,322 Topics
  • 11,903 Replies

4322 Topics

R
Do Gooder (Partner)
RLGroenerDo Gooder (Partner)
asked in Finance (Financials)

Sales contract can't be closed

Dear all,I've got a situation fro a customer where we can't close a Sales contract due to the fact that an application for payment still has the status Approved. how can we solve that? See the screenshot of the application for Payment:The invoice status is Fully invoiced.At the tab Invoice we see that the the invoice has the status Paid posted and is marked as Fully paid/ used. How to solve this so that Application for payment will get the status Fully Paid and the sales contract can be closed?

0
R
Do Gooder (Partner)
1 year ago
A
Do Gooder (Customer)
Andreas_MDo Gooder (Customer)
asked in Finance (Financials)

CAMT 053 Nordea

Hi  I need some help how to set up CAMT 053 based on file from Nordea.Is there anyone that have information about what functions that should be used and how it should be set to be able to upload camt 053. Any one that has a description or instruction? 

9
A
Sidekick (Partner)
1 year ago
S
Sidekick (Customer)
SMcLeesSidekick (Customer)
asked in Finance (Financials)

Pre-populate direct cash payments

When posting certain Direct Cash mixed payments, some specific ones to GL codes need to be same Tax Code/Direction etc. Other than user knowledge, is there a way of setting up GL codes that the tax selections etc are pre-populated to ensure they are posted correctly?

1
P
Hero (Employee)
1 year ago
B
Sidekick (Partner)
BayoSidekick (Partner)
asked in Finance (Financials)

IFS Apps10 Safe Transaction

Field - Statement_No is Mandatory for Mixed Payment and Require value - pop-up on the Safe Transaction. This happens for selected Bank  in Location. The Accounting period is open, Voucher Series are all in place. Unable to successfully create Mixed Payment . Kindly guide.

1
P
Hero (Employee)
1 year ago
R
Sidekick (Partner)
RajKSidekick (Partner)
asked in Finance (Financials)

Do we have a localization for Romania in Apps 9

Hello Friends,Am working on the roll out project for Romania in Apps9, i want to know is there a localization pack available for Romania if so, how to get that and what are details covered under this pack if you have some idea?Thanks in Advance

2
R
Sidekick (Partner)
2 years ago
G
Do Gooder (Customer)
gtellawiDo Gooder (Customer)
asked in Finance (Financials)

cancel and create an invoice with period allocation

using the cancel and create function, Do you know what happens to the prior month’s allocation if we say yes/no?  The problem we have is that we will need to split the invoice into 2 invoices .  If we say NO will the allocation be completely removed and what about the previous months allocation?  Would that reverse to the current period? also, have you used the cancel and create function on invoice that is matched to a po and has period Allocation ? 

1
cperdue
Hero (Partner)
2 years ago
A
Sidekick (Customer)
andrei.borromeoSidekick (Customer)
asked in Finance (Financials)

Revenue Recognition

Hello.  We set up the project below, with only 1 activity, where planned revenue is 100K and planned cost is 70K so that planned margin is 30%. Actual cost is 85K all of which was booked in one period. We set the financial project to a Project Type of Capitalize Rev/Exp and Revenue Recognition Method of POC Revenue First.   When we run revenue recognition, it recognizes revenue of 100K and cost of only 70K even if actual cost is 85K. In this overbudget scenario, we would like to recognize revenue of 100K (ie. the planned revenue) and cost of 85K (ie. the actual revenue).   However, in an underbudget scenario (let’s assume planned revenue is 100K, planned cost is 70K and actual cost is 65K), we would like the cost recognized to be 65K (ie. actual cost) and revenue recognized to be 92,857.14 (ie. the revenue needed so that the planned margin of 30% is achieved). I would appreciate any thoughts on how we could achieve this. The IFS version we are using is Apps 9 U13. Is there a particular

5
A
Hero (Customer)
2 years ago
N
Sidekick (Partner)
Nikita38Sidekick (Partner)
asked in Finance (Financials)

IFS10 Revenue recognition issue

Hello,We are facing a problem on the revenue recognition. ContextIn the Revenue Recognition process, capitalization and revenue recognition is launched for period 6 of the accounting year.788 projects are identified by the system.The capitalization step is processed without error raised by IFS.Expected vouchers are created for capitalization.The revenue recognition is processed without error raised by IFS.Expected vouchers are created for revenue recognition except for 7 projects. IssueThose 7 projects are setup as follow:They all have invoices (advance invoices -> actual revenues) but no cost.Example: In the Periodical Capitalization and Revenue Recognition Project screen, the actual revenues and costs are calculated as expected:The capitalization voucher is also generated as expected:Issue: However, no revenue recognition voucher is generated to balance the actual revenue, i.e. the Actual and Recognized Revenue Difference seems to be ignored. We have opened two IFS cases on this s

3
A
Hero (Customer)
2 years ago
F
Do Gooder (Customer)
FrBergstenDo Gooder (Customer)
asked in Finance (Financials)

Invoice authorization rule by account

Hi!I am trying to create a special authorization routing that, if the invoce uses a certain account, or costcenter, I want it to require a certain person to be added to the routing. In what way is that possible?

1
A
Hero (Customer)
2 years ago
B
Sidekick (Customer)
BZNSIMONSidekick (Customer)
asked in Finance (Financials)

Using Staged Billing and Payment Schedule in combination with Payment Terms

Hi, I want to use Staged Billing for Customer Orders and Payment Schedule for Purchase Orders, but I ran into a problem with the cashflow forecast. For example:I have a Customer Order with one line with a total of €10.000. It is divided into 3 installments:10%, with a payment term of 5 days 60% with a  payment term of 30 days 30% with a payment term of 60 daysSee below the Staged Billing.  But when I generate the cashflow forecast, IFS makes the forecast based on the Expected Approval Date (as seen above, this is correct) plus the Payment Terms on the Customer Order. But the Payment Terms is 60 days, which is standard for this customer. So it will not consider the different payment terms per stage.  Is it possible to combine the Staged Billing with differt payment terms per stage? 

0
B
Sidekick (Customer)
2 years ago
Zuha Samsudeen
Hero (Partner)
Zuha SamsudeenHero (Partner)
asked in Finance (Financials)

No periodical capitalization voucher created when there is only revenue

Hi,I need help with a financial project with following setupCapitalization posting method - PeriodicalProject Type - Capitalize Rev/ExpRevenue recognition method - POC Revenue FirstPOC Method - Actual cost Revision Accounting - Catch upPost Actual and recognized revenue difference - Checked The project has some Actual Revenue and Zero Actual cost. When i run the Periodical Capitilization and Renevue Recognition, there is no revenue recognition voucher was created. May i know which set up is triggering to create no voucher Best regardsZuha  

2
K
Sidekick (Partner)
2 years ago
V
Do Gooder
VAMSHIDHAR REDDYDo Gooder
asked in Finance (Financials)

External supplier invoice Load error.

Hi Community,Error:- Invoice of the state paid posted can not be modified.External supplier invoice state load with above error. But same supplier details are available in supplier invoice analysis. like voucher number and the state Paid posted. same details are not available in external supplier invoice screen. in external supplier invoice screen i am trying to change state as create but while creating External supplier invoice am getting error.Please find attached error screen shoot.Please guide steps to solve the sameThanks in advance.   

2
Link
Superhero (Customer)
2 years ago
J
Sidekick (Customer)
JamesW72Sidekick (Customer)
asked in Finance (Financials)

Using Rest for loading External Supplier Invoices?

Hi All,Has anybody else used Rest for loading External Supplier Invoices?If so, what is a quite straight process to setup / use?  

5
InfFilipV
Hero (Partner)
2 years ago
spetkus27
Do Gooder (Customer)
spetkus27Do Gooder (Customer)
asked in Finance (Financials)

Korean Tax Reporting in IFS

Hi,We are going to be implementing IFS in our Korean subsidiary and have questions regarding whether anyone has experience with the Korean Tax Reporting laws and finding/setting up the data that would need to be reported to the government?  Thanks,

1
C
Hero (Partner)
2 years ago
G
Hero
GayanDHero
asked in Finance (Financials)

Supplier's Own ID

Hi Community,Does any one know the purpose of Supplier's Own ID field?Is it used in EDI communication ? And if yes, is it important for Internal Order handling.. ThanksGayan

1
C
Hero (Partner)
2 years ago
V
Sidekick (Partner)
VCook
asked in Finance (Financials)

Statistical Accounts

Hello, Is there any documentation about how to use Statistical Accounts?  They are a system defined account type but there is no Help info or any guidance on what they are best used for.  Any suggestions or info on best practices on how to use them? We are considering using these as accounts that do not affect the balancing of the BS.  For example, for a posting control for project time reporting for costing.  There will already be payroll entries for actual labor costs and the time reporting would be informational only.

6
S
Do Gooder (Customer)
2 years ago
K
Do Gooder (Employee)
Krishan WanniarachchieDo Gooder (Employee)
asked in Finance (Financials)

Search Code Part Description when making query in GL Voucher Analysis

Hi,Requirement : Is there a way to group the GL Voucher Raw Analysis based on the Description of a code part ?At present only the code part is available not the description and as a result the query results looks like below. 

1
P
Hero (Employee)
2 years ago
N
Hero
Nagah.khaledHero
asked in Finance (Financials)

Assign series to cash box

we created cash box account to use it in cash transactions.we need to create independent series for that cash box account; please advise how to create series and assign it to cash box?

1
E
Hero (Partner)
2 years ago
T
Sidekick (Partner)
TopMalinGSidekick (Partner)
asked in Finance (Financials)

Error in Depreciation Proposal

Hi All,Any help for the below error in depreciation proposal. 

2
T
Sidekick (Partner)
2 years ago
S
Do Gooder (Partner)
SUN2MARSDo Gooder (Partner)
asked in Finance (Financials)

Regarding IFS Finance Document for Germany Localisation Setup

Does any one is having knowledge or experience in IFS Finance Germany localisation implementation. Please share the some document as reference. Or Send Private message.

0
S
Do Gooder (Partner)
2 years ago
A
Sidekick
amrflynnSidekick
posted in Finance (Financials)

IFS REPORT DESIGNER SETUP

HI Fellow IFS Experts, I am yet again stuck in a report problem as I have worked on it a handful times. How can we adjust a block/table to go up or down to make space for new elements like in this image below I need to remove the yellow space…. what should I do ? I would really appreciate if someone can help me with this. 

2
A
Sidekick
2 years ago
S
Sidekick (Customer)
SMcLeesSidekick (Customer)
asked in Finance (Financials)

Customer payment proposal - templates

How can I manage the templates that are set up for Customer Payment Proposals, there is some that need deleted

3
E
Hero (Partner)
2 years ago
S
Sidekick (Customer)
SMcLeesSidekick (Customer)
asked in Finance (Financials)

DD proposal - Default cash account error

Getting following error when creatingg a Direct Debit order? No default cash account in ‘Payment Institute’ for payment currency ‘GBP’ or accounting currency ‘GBP’ How do I update this?? 

1
E
Hero (Partner)
2 years ago
H
Do Gooder (Customer)
Helene800481Do Gooder (Customer)
asked in Finance (Financials)

Multiple ach remittance for supplier

I am aware of how to attach 1 specific email address to a suppliers account for ACH remittance. However, is there a way to add more than just 1 email for a supplier, or is there a way to assign all the ACH supplier accounts  payments a specific email address as our “Admin” to receive a copy in addition to the remittance being sent to the specific suppliers email? 

0
H
Do Gooder (Customer)
2 years ago
T
Sidekick (Partner)
TopMalinGSidekick (Partner)
asked in Finance (Financials)

Load Error - External Voucher

Hi All,I’m getting load error in External Vouchers. Any help for this error. Where did I miss the configuration?Error - ORA-20105: AccountingCodestr.CODEMISSINGBUD: The value <project id> used for the code part Project is either missing, is a budget/planning code part value or has invalid time interval. 

3
T
Sidekick (Employee)
2 years ago

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