Finance (Financials)

4821 Topics

Assets with Depreciation Method MACRS with 168(k) Bonus Allowance

Hello. Is anyone familiar with MACRS depreciation with 168(k) Bonus allowance?We have a number of assets in our old system (we used SAGE Fixed Assets before and have a Tax book there that we use to calculate depreciation for tax purposes) that we would like to move to IFS that use the aforementioned depreciation method. For example, we have this asset with a 168(k) allowance % of 50% and a depreciable % of 200 In the default depreciation methods, I see this the depreciation method below but there doesn’t seem to be a field where you can specify the 168 Allowance %. Is there a way to set up a depreciation method similar to below but with a 168 Allowance % ? I would appreciate any suggestions or ideas. Thank you.

1010

2 years ago

nradford01Do Gooder (Customer)

asked in Finance (Financials)

Purchase Order Lines Extract including authorisation details

I am looking to run searches on PO spend and also to analyse the spend by approver on IFS Apps 10.I have looked within all of the key areas of the purchase order lines and requisition line areas of the database but cannot seem to pull all of the information i need on one screen.i.e. PO Ref and detail of spend / approver and requested by / expected delivery date / order date / account code and cost centre.Any suggestions how I can pull this info together in one search screen or will I need to complete this on multiple searches?

591

2 years ago

AntPramoUDo Gooder (Partner)

asked in Finance (Financials)

Rental Purchase Orders Invoice Matching - Negative quantity

Any idea how the below quantities are getting negative values for posting M234 when the invoice value is positive? This is regarding a scenario where a rental PO is matching to the supplier invoice.

1001

2 years ago

NagarjunaDo Gooder (Partner)

asked in Finance (Financials)

Standard cost updation

Hi Team,To understand how to update Standard Costs on IFS and roll through the BOM'sCan any one help to understand the below cost levels.1.All Parts cost calculation2.All level parts cost calculation3.One level parts cost calculation Regards,Nag

1141

2 years ago

bliesner12Do Gooder (Customer)

asked in Finance (Financials)

IFS External Supplier Invoice Asst Issues

Hi Friends,When I do an upload through the IFS External Supplier Invoice Assistant, my documents no longer automatically attach even though the file name and path hasn’t changed. Your thoughts?Chris

330

2 years ago

SFitzGibbonDo Gooder (Customer)

asked in Finance (Financials)

IFS 10 Aurena Posting proposal authorisation & Automatic matching

HiDoes anyone have any ideas on why a posting proposal is not automatically matching & approving. Scenario: Invoice matches PO which is receipted but the posting proposal is still pulling through the PO approvers to approve the invoicescreenshot of posting proposal - the invoice is automatically matched to the receipted PO but it still pulls PO approvers to approve instead of it automatically approving because it is fully matched to an authorised PO and then go through to finally posted? Company level we have automatic authorisation set Any advice would be greatly received as I’m baffled. Many thanksSheila

34412

2 years ago

JJäthingHero (Partner)

asked in Finance (Financials)

Customer re-payment order

How would you record payments to customers in Mixed Payments if you have large numbers of such payments? My customer does not want to record the payments one by one but rather by customer payment order. The problem is that in Mixed Payments there is only the option to record payments against “Supplier Payment Order”. The option “Customer Payment Order” is not present.If we select the payment type “Supplier Payment Order” in Mixed payments it is not possible to connect that row to the Customer Payment Order ID.Process: My customer starts in the window Customer Payment Proposal then creates a Payment Order and sends this to the bank as an ISO20022 payment message, very much like the supplier payment messages.We do not want a separate process for the recording of these bank transactions - we want to do them in the same process we do all other bank transactions.

1070

2 years ago

Meshani KudahettyDo Gooder (Employee)

asked in Finance (Financials)

HR Assistance Configuration

Creating on behalf of case G2348569:Please provide assistance to find the below page in Aurena Client In APP10 environment:

460

2 years ago

SMcLeesSidekick (Customer)

asked in Finance (Financials)

Supplier Invoice template - Generic Supplier

When setting up a Supplier Invoice template is it possible to one for a generic suppliers? I.e, I want to pull up the template and then add in the supplier ID I can only see the option to set them up for a specific supplier

814

2 years ago

Janani MunasingheDo Gooder (Employee)

asked in Finance (Financials)

Setup in IFS to generate Positive pay File

I am looking for making a Setup in IFS to generate Positive pay File - auto generated to some File folder which will have supplier payments Information for ACH & check both. We want to send this file to bank.Can I please get some help to get this setup done for positive pay file?

2782

2 years ago

jaryskorysSidekick (Customer)

asked in Finance (Financials)

Invoice Payment Date visibility

We are challenged by our Finance user on something they see very easy - showing (latest) invoice payment date in Supplier Invoices Analysis screen in the IFS Applications. Pointing out this a standard info seen in many ERPs they have been working before. Let say IFS is reluctant to show such basics in the standard. What possibility we are left with? We brainstormed following:Create a custom field on the supplier invoice level. Configure the screen to show it Get the field updated via some regular job or eventCorrect? Any other way to show reference information from other logical units in Aurena standard screens?

2107

2 years ago

RakeshSidekick (Partner)

asked in Finance (Financials)

Inventory Write Down process

Hi Team, How to capture the accounting entries for Inventory Write down process in IFS10. As a finance associate, what are the basic set up’s needs to be done from my side. Thanks,Rakesh

2717

2 years ago

MDGDAUPHINEEDo Gooder (Customer)

asked in Finance (Financials)

Depreciation Proposal Error ORA-01403: no data found

Hi,I have migrated our fixed assets and posted to the GL. Everything is in balance. I try and run a depreciation on the objects and receive the following error message. ORA-01403: no data found.Not sure why this error is coming up when the data is all there and visible in the subledger and GL.Any help on this would be great. This is on APPS 10 Update 14CheersMaggie

5282

2 years ago

FIHENRICADo Gooder (Customer)

asked in Finance (Financials)

Factoring - selling of receivables

Some of our companies will be selling parts of their receivables (customer invoices) to a third party to improve cash flow, so called factoring.This will require several steps, at least the followingIdentifying which customers are involved Additional text on invoices (should be included in xml message) Daily creation of a file of the invoices sold Modifying the file to specific format according to third party demandsWhile we do have some ideas of how to start this project, this has most probably already been implemented by other companies and we are therefor asking if there already exists some solution for this?Any tips are welcome!Kind Regards,Henrica

1692

2 years ago

Tenecia.SeeleyDo Gooder (Customer)

asked in Finance (Financials)

Customer Net invoice with Credit on Account

We have a situaltion where we need to provide a customer with an invoice that shows we applied a credit on account to the total. Example:Customer order/invoice total = $100Credit on Customer acct = $25Customer now needs a new invoice that shows Total = $100 Less Credit $25 with Total Due = $75 Any suggestions?

805

2 years ago

mfrejikSidekick (Customer)

asked in Finance (Financials)

Customer 360 not showing credit info

We just recently added a new company and site to Apps 10. This new company is not showing credit info on the customer 360 screen. The older companies and sites are showing data. Is there something that I need to do in order to make the new company work correctly? Thanks in advance,Mike

532

2 years ago

ThakshilaSidekick (Partner)

asked in Finance (Financials)

How the parallel currency Works?

Hi Folks, I need to get some idea on functionalities relating to parallel currencies. Good practice on 3rd currency and currency revaluation and fixed assets, Inventory GRNI Fixed Asset Depreciation calculation Loan Account (Currency revaluation)Can you please add your knowledge points on the above topics with regard to parallel currency?@Thanushi Jayaweera @Sachin Vithanage @Shehan Almeida @MadushaDissanayake @Rangi Wijewardana Best regards,Thakshila

2400

2 years ago

Zuha SamsudeenHero (Partner)

asked in Finance (Financials)

What is the source of the validation and what IFS is validating in RMB 'Validate Tax ID Number'

Raised on behalf of G2348461. Hi,We need to understand what is the source of the validation and what IFS is validating in RMB 'Validate Tax ID Number'.Does the logic checks following things:* VAT ID number * Company Name and legal form* AddressWhich data source is used for the validation?How this validation works? Best regardsZuha

2991

2 years ago

Asela MunasingheSuperhero (Customer)

asked in Finance (Financials)

Supplier Offset Proposals not visible to some users

Not an IFS Finance expert, just trying to figure why I don’t see the offset proposals my colleagues created. Site / Company access already checked. It’s granted. Please advise.

843

2 years ago

runiseDo Gooder (Employee)

asked in Finance (Financials)

Cost Element mapping for Shop Order

Hello, Reaching out for your expert advice.I have a shop order connected to a Project. The transactions are generated as in the table. At the cost bucket, the Inventory value gets distributed in Labour, Overhead and Direct Materials, but at Project Monitoring the cost split between cost elements - Labour, Overhead and Material is also to be displayed.How should the cost elements be mapped to display those elements in Project Monitoring? Thank you.

3876

2 years ago

rangaak2000Do Gooder (Customer)

asked in Finance (Financials)

SUPPLIER INVOICE DUE FOR PAYMENT BASED ON DUE DATE

Dear All,There is a PDF report “Supplier Invoice due for payment based on due date”. I need to get this in excel. Please help.ThanksRgds

752

2 years ago

Novacura_jstHero (Partner)

asked in Finance (Financials)

Exclude 0 Transactions from weighted Purchase Costs calculation

Hey guys, we have Purchase Parts that one Site in Company A mainly purchases from another site in Company B and resells it to customers. Unfortunately we have 2 different processes here:Purchase the product for the actual price from internal supplier Purchase a higher level product for direct or transit delivery to end customer where the full price is on that product, but the same parts as point 1 get added as additional customer order lines (and thus purchase order lines on site A) with price 0.Basically we have a mix for the same parts of Purchase Order lines with the actual price and purchase order lines with price 0. When calculating the average purchase price for these parts the calculated price is now wrong. It’s hard to change the process in this area. Does anyone have a bright idea how we could get “correct” calculated costs in company A w/o manipulating the database after (which we want to avoid)? Like exclude certain PO lines from the calculation?Any ideas would be appreciate

1636

2 years ago

Tenecia.SeeleyDo Gooder (Customer)

asked in Finance (Financials)

Invoicing Specific Payment Milestones but need to make changes to order lines

We work of contracts where our payment terms are identified and typically run based on a milestone of delivery dates, etc. We are currently using staged billing. The problem we are running into is as follows:Order is created, staged billing created, order is released.We go to build (CTO) and config changes or our qty was wrong. Right now, we are not able to make changes that do not effect prices. We have to close the order line manually and create a new line on the order. We would really like a better solution for this. Any ideas welcome.

1330

2 years ago

Janani MunasingheDo Gooder (Employee)

asked in Finance (Financials)

Supplier Invoice - Tax code validation

In IFS8 there is Tax Code per Account validation on invoices matched with PO and without PO.In IFS10 this validation does not exist. This means that a certain account that is not parameterized in the Tax Code per Account screen can be used incorrectly. However, if you manually enter an invoice (without a PO match) the system will make the correct validation.Can you clarify if for invoices with match to PO the IFS10 does not perform this validation?

1050

2 years ago

runiseDo Gooder (Employee)

asked in Finance (Financials)

External Payment - matching

Hello,I would like some guidance with Mixed Payments. Customer needs to upload Customer Payments through External Payments via csv, so I have created a new File Type. But when I upload the file, it ends in Parked Payment and does not match with the invoice. I am probably missing something or doing something wrong. Any guidance will be very helpful. Thanks in advance.Kind regardsRutuja

3345

2 years ago

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