Finance (Financials)

Using the cloud based version of IFS, I used the Automatic Transaction Matching method for one of our bank accounts and when I had finished reconciling the account, there was a button that said Final Matching. It finalized the bank statement and you could see the reconciliation in the Cash Account Reconciled Transactions Analysis and Bank Statement Reconciled Transactions Analysis screens.  My question, I have a low volume bank account that I decided an upload for this account would be too cumbersome, so I reconciled that account via the Manual Transaction Matching screen. Everything is reconciled as it should be, but I do not see a Final Matching on this screen, and it is not showing in the screens from above like the Automatic Transaction Matching reconciliations are. How do I finalize the reconciliation through the manual matching? Any information w

Community, Do you know why Customer deposits balance is on our Supplier open items report? 

Hi,I am testing the Expense sheet process first time. But i stuck in between. Actually i created an Expense Sheet and processed the payment through Employee payment screen. I am ok with the voucher entry for Expense booking but for payment it is hitting the posting type EP2 and not PP1. Also the payment is not available in the sub ledger (Cash Book) as well. Am i missing with any setup?...Can anyone please help me.Thanks in advance.

Hi,Is it possible to process the payment through Supplier Payment Proposal screen for the Advacne requests created through Supplier Payment Schedule.

Hi,In the cash flow exposure report, is there any way we can include the Cash account details? Can we do any changes in report definition to achieve this?  If otherwise how can user view the cash flow exposure details as per cash account Best regardsZuha

Hi, Is there functionality in IFS that allows you to retranslate the non GBP company P&L in the period / year figure at the balance sheet currency rate on consolidation? Thanks, Georgina  

We have a Company with a base currency of Dominican Pesos (DOP) and a parallel currency of USD. Because of a recent project involving the parallel currency we have discovered what looks like an issue with the parallel currency. Below is a screen shot from a supplier invoice where the invoice is using USD.. It appears like when variance posting controls are used that the amount is always 0 in the parallel curr. Does that sound correct or is this a bug?ThanksManual supplier invoice  

Dear Team, Customer is currently implementing IFS in their branch in France.It was noted that the payment format Bill of Exchange collection (Remise de LCR) is missing in IFS, but is needed for customer branch. "The electronic payment format for customer “Bill of Exchange collection” according to the French National Banking Committee standard "CFONB160" (see screenshot below) is not supported by the standard and the country pack.This electronic payment format is still widely used today in France by banks and IFS customers. Could you please advise us on how to obtain this electronic payment format?The answer to address the concern is When it comes to the GET French functionalities, customer is referring to a functionality that is no longer available in App 10 anymore. The reason is "CFONB160 has been replace by SEPA Payment format where you can utilize the SEPA payment functionalities in order to carry out the same requirement.

Hi everybody, Does anybody know if it is possible to send ISO20022 payment files from IFS Apps 9, using Open Banking? There is the need to send files to a UK bank and they accept only through Open Banking which is quite new, as it was implement first in 2017. Thank you!

Team - Is there a WIP report for Work Orders that is similar to the “Shop Order Work in Progress” report? Or just a total WIP report that captures both?  

Does anyone know why we have the error of cost set 4 calculation as : “[CostCalculation.BATCHNOTALLOWED: Cost calculation cannot start because there is a conflicting Calculate All Parts deferred call running.]                    ORA-20110: Message 20000 not found; No message file for product=RDBMS, facility=ORA; arguments”

Community,have you seen the error below when trying to match supplier invoice? Supplier is using currency CAD, our company currency is USD. 

I get this error by the time I get to inputting bank details for a new supplier record.The field [identity] must have a valueI’ve gone back over all the pages to find the missing data but I cannot see what this error is pointing to and what might be wrong. Can anyone help at all please?

A PR was created against a Work Order and converted to a Purchase Order.Supplier has sent the Part and this was received into InventoryThe Part sent is incorrect so we need to return the part to the supplier.What should the process be for handling this? We need to pay the Invoice for the part received so cannot delete/cancel the Purchase Order but we do not want it to show as a required material in the work order and I cannot seem to find a way of handling this within the Work Order.Thanks,  

Could someone share knowledge about residual value rate setting for specific depreciation method? We expect different residual value rate based on base value in different depreciation method.

Hi All,Can someone tell me how we can use Hedging concepts within the IFS Funtionalities?Thank you.

Hello!Wondering if anyone else has solved this already… Danske Bank sent out the following information: “It will no longer be possible to send Bankgiro files (supplier payments) via Danske Bank, these files should instead be in ISO2022 XML format”Currently our Swedish entity is using payment format BGSWE (Bankgiro, Domestic Payments, Sweden). We tried to use ISO2022 instead, but apparently plusgiro account is required (not bankgiro), so the file didn’t go through as plusgiro account for supplier is missing. Does anyone have a solution for this?Many thanks in advance! 

How can i match two or more invoices with one payment in external payments? In external payments I have loaded a CAMT053 fil and I would like to match one payment with two or more invoices. How can I do that?  Here is an fictitious example:The company has received a customer payment at 267,750 DKK. This payment is payment for two customer invoices. How can we match the payment with two invoices in External Payment Details and not only with one? As you can see we only can match one invoice at the linie.   Please let me know what you are doing to match one Customer- or Supplier payment with two or more invoices in External Payment Details. ​​​​

Hi All, Please let me know whether the IFS application facilitates filing company income tax from IFS standard application for US entities. If you have any documentation available for that, please share with me. Kind Regards,Kay.

HiWhen changing the Tax code on an External Voucher line, the system does not recalculate the tax amount automatically.In the IFS10 version, it was possible to add/change the tax amount manually. This option does not seem to be possible in IFS Aurena. What is the idea/functionality behind this? Regards Brian

Dear CommunityWe are looking to set up Group VAT return in VAT,  There will be four companies, could you please someone please advise how we do this, we are using BTC software to submit the MTD.For example company 100, will be the main company which will be submitting the VAT return on behalf of the all group, how do we add the other companies to the VAT return. If any one has any instruction or process notes on setting up VAT returns for group would be greatly appreciated. I look forward in hearing from you. Thanking you in advance. ThanksSwati

Dear Community We have supplier who have multiple VAT on their invoice, for example ingredients will be 0% VAT but delivery charge or an item will be 20%.How do we process these invoices via posting proposal as once its created via Prelimiary invoice you cannot amend the VAT amount and the only way we know is going to Manual supplier invoice and processing this.Is there better way of dealing with kind of invoices. ThanksSwati

The following screenshot is the current status of the code part setup.Please note that currently these code part values are used and all the transactions are linked to cost centers.For the requirement of using cost center on serial and functional objects, we have to change the  “Code part B”>Logical Code part value to "Cost Center" in the below setup.Since we are already using cost centers as mentioned above what is the overall impact on the system when we change the code part setup?Code Part Setup 

Hi,As per my understanding, when performing Price Adjustment for Supplier Invoice, correction should be written by M18 -posting type, when Inventory Part has “Transaction Based” Supplier Invoice Consideration. In my scenario, for some reason system uses M19 posting type and does not add Price adjustment to it’s valuation. System post that with invoice difference and uses M19 posting type.  In other environmental this works fine (uses M18 posting type after Price Adjustment) and in other environmental this not working as it should (uses M19 posting type). Do you have any suggestions what could be different in those environmentals or what may trigger this difference? Currently all look 1:1 between those environmentals and upgrade & service update is same IFS10 UPD17.

Hello there, we have a scenario in which company A and company B are sister companies (under the same master company).As required by our business process, Company A must bill Company B, which means the actual invoice will be created and entered into AR in Company A and AP in Company B. I am just wondering how can you net/offset these 2 invoices that are in 2 companies so they don't show up as "not paid" in IFS.We are in IFS Cloud. Please help! Thank you :)