Finance (Financials)

This will include the questions related to Financials.

  • 4,317 Topics
  • 11,887 Replies

4317 Topics

H
Do Gooder (Customer)
hwilkieDo Gooder (Customer)
asked in Finance (Financials)

Customer Invoice Due Date + Pay Term Base Date don't match

A user may create a customer order and not completed the creation/printing of the customer invoice a few days later. This results in the Invoice Date and Payment Term Base Date on the invoicing not matching each other. Therefore, when compared to the Invoice Date, the due date is earlier than desired (as the due date is calculated from the Payment Term Base Date). Is there a way to either;Have the Due Date of an invoice calculated from the Invoice Date Prompt a user that the Invoice Date and Payment Term Due Date do not match before the set the invoice to PostedAuth.

1
Shehan Almeida
Superhero (Employee)
2 years ago
S
Sidekick (Customer)
SMcLeesSidekick (Customer)
asked in Finance (Financials)

Automatic Receipt Matching - Price Difference

We use the automatic receipt process, which will match the invoice with any new receipts. Just noticed however that if the part price is updated in background and the receipts change, the invoice will remain as prelimposted until such time as we manually rematch the invoice. Is there any set up we can do that will update a receipt that is attached to an invoice so that the price will update and invoice will clear without the manual intervention?

1
Shehan Almeida
Superhero (Employee)
2 years ago
S
Sidekick (Partner)
SrichandSidekick (Partner)
asked in Finance (Financials)

Profit and Loss account statement in IFS

Hi, Can someone provide the details of Printing Profit and Loss account in standard format of IFS.in APP9 and APP10 Thanks in advanceSrichand 

1
Shehan Almeida
Superhero (Employee)
2 years ago
S
Sidekick (Customer)
SMcLeesSidekick (Customer)
asked in Finance (Financials)

Tax Code - PO matching

Is there a way of turning off the requirement for PO lines tax codes to match those of the invoice lines that have been entered?

1
T
Sidekick (Customer)
2 years ago
C
Do Gooder (Partner)
CapAbhijPDo Gooder (Partner)
asked in Finance (Financials)

Wrong Parallel Currency Upload in IFS

Issue Statement: Wrong Parallel currency rates Uploaded in IFS application, (inverted rates import in IFS)Example : USD rates should 1.19 in file, but file has uploaded with rate 0.83 for USD with reference currency as ‘EUR’ (inverted) Background of case: Wrong Rate of Parallel Currency Rate has been uploaded in IFS application as a Result Parallel Curr Debit Amount and Parrallel Curr Credit Amount so during the Currency Revaluation incorrect Currency Gain/Losses has been observed What can be possible solution instead of just Rollback of transactions,? Because so many transactions booked.also what is correction needed so that Currency Revaluation (Parallel Currency Rate) will be intact Thank you for your help.

1
Thanushi Jayaweera
Superhero (Employee)
3 years ago
A
Do Gooder (Partner)
AccParagGDo Gooder (Partner)
asked in Finance (Financials)

Upload of Supplier/Customer Payment on account in Bulk

Is there any way to to migrate Supplier/Customer Payment on Account in bulk under one mixed payment with different payment dates( for each SUPOA/CUPOA) or we do have to create separate mixed payments to register SUPOA/CUPOA with different dates. I used Lump sum transaction date on the Mixed payment lines which was different from the Payment date on the header but no success.  

1
Dhananga Jayatilake
Hero (Employee)
2 years ago
R
Do Gooder (Customer)
ReturnsCoordinatorDo Gooder (Customer)
asked in Finance (Financials)

Advice for invoicing incorrectly shipped parts

Hello IFS Community.  My company is struggling with the topic of how to invoice for parts that the customer received in error, did not initially order or was invoiced for, but has use for the parts that they received and wants to be invoiced.  This falls into 2 categories: customer ordered and was invoiced for part A but received an incorrect part B and overshipments: customer ordered and was invoiced for 1 but received 3.  This has become a tennis match between Accounting and the Returns Department:  Accounting says that the proper way to invoice is thru an order but Returns has not identified a workable process to “fake” an order to get the desired invoice.  The only solution so far is to create an order, let it actually ship out the door, and then pull it back with a UPS service interruption.  It is a lot of extra work for something that should be much easier.  Does anyone have any thoughts? Anthony Restek Return Services Coordinator

1
A
Hero (Customer)
2 years ago
K
Sidekick (Partner)
K4uChrisCSidekick (Partner)
asked in Finance (Financials)

Routing rules e-invoice intercompany and connectivity URGENT

Hi everyone I tried to follow the related topic but I have this error message:Please could you tell me what are all the parameters of the connectivity to enter for using invoices by intercompany.I would like to trasfer customer invoice to supplier invoice by e-invoice via a routing rules but it doesn’t work : It’s urgent thanks for your replies Christèle

1
Kalhari Dissanayake
Hero (Customer)
2 years ago
bengab
Sidekick (Partner)
bengabSidekick (Partner)
asked in Finance (Financials)

New VAT report for Norway

 Does anyone know if IFS will implement a new digital VAT report for Norway based on SAF-T. The new report will be submitted every term from 2022. Read more about it here:https://skatteetaten.github.io/mva-meldingen/documentation/faq/#ny-mva-meldinghttps://www.ey.com/no_no/tax/hva-vet-vi-om-ny-digital-mva-melding

1
Kalhari Dissanayake
Hero (Customer)
2 years ago
H
Do Gooder (Customer)
hlhasangaDo Gooder (Customer)
asked in Finance (Financials)

UK Brexit Tax return changes

In April 2021 titles on UK VAT Return boxes have been changed, for disclosure post Brexit, and Phase 2 of Making Tax Digital commenced.Is there an updated Tax Template from IFS?  We are currently on template S089 for the UK VAT Return.

1
Kalhari Dissanayake
Hero (Customer)
2 years ago
A
Sidekick (Partner)
AntbarrifSidekick (Partner)
asked in Finance (Financials)

Transfer Simulated Depreciation Postings to Business Plan

HiWhen using Business Planning we intend to use a planning unit with Periodic Balances for Income Statement and one with Accumulated balances for Balance Sheet. When you create simulated postings from a depreciation plan, it’s possible to transfer these to a Business Planning unit.However you are unable to transfer the Balance Sheet postings to a planning unit with Accumulated Balances. The way my client works is that they want to forecast All Balance Sheet planning units with Accumulated Balances. One benefit is to make such balances directly comparible with Group Consolidated Accumulated Balances. What are other peoples experiences with this?  I am aware it’s new functionality but I think we should have the option to use either periodic or accumulated.

1
Dismanthi Dissanayaka
Hero (Customer)
3 years ago
K
Do Gooder (Employee)
Krishan WanniarachchieDo Gooder (Employee)
asked in Finance (Financials)

Allocation of Account Balances

Is there a way of reallocating the balance of the account, not just the transactions.To continue with an example:Account 10201A will have multiple transaction, and at the end of the month will be at a debit or credit position, depending on this position; I would like it to allocate the balance to account 10201A or account 10202B. (Automatic Posting rules will reallocate each individual transaction, and it is required to reallocate a balance of the account )

1
X
Superhero (Employee)
2 years ago
A
Sidekick (Customer)
andrei.borromeoSidekick (Customer)
asked in Finance (Financials)

Event Date

Hello.Under System Info of the Import Object window, there is ObjectTransactionDate and EventDate (highlighted below). Does anyone know what the difference between these are? I would appreciate any assistance. Thank you.   

1
MadushaDissanayake
Superhero (Employee)
2 years ago
A
Do Gooder (Customer)
ANSHDo Gooder (Customer)
asked in Finance (Financials)

Freight Charges Coming Through As Zero When Matching PO's

Hi I was wondering if someone could help me.  We are getting more and more occurrences of freight charges on a purchased order coming through as zero so the freight invoices cannot be matched.  I can’t see anything different between these orders and previous orders that have gone through with no issues.If someone could point me in the right direction with this I would really appreciate it as it is holding up supplier payments.

1
Dhananga Jayatilake
Hero (Employee)
2 years ago
S
Sidekick (Customer)
SMcLeesSidekick (Customer)
asked in Finance (Financials)

Automatic Matching - bank reconciliation - Voucher Types

Is there specific voucher types that pull into the Automatic Matching for Bank Recs? I have voucher type N (Mixed Payment) & Voucher type U (Supplier payment run), but I cannot see Voucher type B pulling through for Direct Debits?

1
Chirantha
Hero (Employee)
2 years ago
R
Do Gooder (Partner)
RLGroenerDo Gooder (Partner)
asked in Finance (Financials)

Add permission to schedule GL Update Voucher

Dear all. One of our customers wants to grant acces to users so they can schedule the GL update voucherAt this moment the schedule button is greyed out. The user have permission to schedule tasks but this button is greyed-out. Where can you adjust this?

1
Dismanthi Dissanayaka
Hero (Customer)
2 years ago
R
Do Gooder (Partner)
RLGroenerDo Gooder (Partner)
asked in Finance (Financials)

Posting proposal- Unable tot add authorizer summary

Dear all, I've got a couple of users how aren't able to added authorizer in tha tab Authorize. When they want do the posting proposal for an Invoice with a PO they can't add an Authorizer.In the tab thet mis the PLUS for adding a new lineWhen the do the posting proposal for an invoice without a PO there's no issue. How can this happen?Users are added to Invoice posting authorizers and also to the basic data of purchase Authorization

1
R
Hero (Employee)
2 years ago
C
Sidekick (Employee)
Chathurika WijeratneSidekick (Employee)
asked in Finance (Financials)

Questions on 'German Localization GDPdU'

Could someone kindly assist me with the below questions of a customer. They have been in APPS7,5 before and now are in APPS9.“ #1 Does Apps9 German Central Bank Reporting replace the German Localization GDPdU?(Please be explicit of all delimitations, and advise whether or not German Localization GDPdU exists for the Apps9 Track).#2 Where do I find instructions in the Online Documentation to configure and execute the IFS Connect Outbound Routing Rules German Z4 Proposal and German Z5 Proposal?(German Localization GDPdU output 3 files of type DAT, XML and DTD) ”

1
Kalhari Dissanayake
Hero (Customer)
3 years ago
Dharshankumaar Mahendran
Superhero (Partner)
Dharshankumaar MahendranSuperhero (Partner)
asked in Finance (Financials)

Cash Flow Forecast Time Scale

Hi All, Can someone help me understand what is business usage of this? And how to use this with cash flow statements ? of the below window. Thanks in advance. Best Regards,

1
A
Hero (Customer)
2 years ago
jgonzalez
Do Gooder (Customer)
jgonzalezDo Gooder (Customer)
asked in Finance (Financials)

Supplier Invoice Work Flow

Supplier Invoice Work Flow. Multiple goods receipts auto matching to invoice; in total value of goods receipts match invoice total. Invoice is being routed to "Superiors" for approval since invoice total is higher than invoice authorizes that are automatically assigned based on our routing rules. System is assigning authorizes based on posting rows - which have a lower $ amount

1
Dhananga Jayatilake
Hero (Employee)
2 years ago
N
Hero (Employee)
NarmadaHero (Employee)
asked in Finance (Financials)

Lease Accounting Contract Migration

Hi All,Is there a method to migrate lease contracts into IFS 10. This is for new customer and there are about 400 lease contracts.Best Regards/Narmada 

1
S
Hero (Employee)
3 years ago
G
Sidekick (Partner)
Ghita RaisSidekick (Partner)
asked in Finance (Financials)

Cost of sales services on a work order

Hi all,  In the help, it says that posting T3 “Cost of Sold services” posting control has been obsoleted in IFS applications 10. It also seems like there is a work in progress regarding that topic. Is anyone of you aware about a work around solution that would allow us retrieving the cost of sold services on a work order? Many thanksGhita

1
MadushaDissanayake
Superhero (Employee)
3 years ago
Amalith Wijewardhana
Hero (Employee)
Amalith WijewardhanaHero (Employee)
asked in Finance (Financials)

Running Multi-Company Customer Ledger Open Items report as a scheduled report in a separate queue rather than running it in the default queue

Could you please advice about the way of running Multi-Company Customer Ledger Open Items report as a scheduled report in a separate queue rather than running it in the default queue?

1
MadushaDissanayake
Superhero (Employee)
2 years ago
G
Sidekick (Customer)
gianni.nevesSidekick (Customer)
asked in Finance (Financials)

Supplier payment confirmation - Email - IFS 9

Hi,We are having a problem with some supplier. Some off them are not receiving our automatique payment confirmation by email. I doubled check to validate and It seems that all configurations are correct. I try using my email and nothing happens. Anybody know how these confirmations are send? I tried do look all code and I couldn’t find how this process is triggered. Thanks

1
G
Sidekick (Customer)
2 years ago
N
Do Gooder (Employee)
NAPALKDo Gooder (Employee)
asked in Finance (Financials)

Vertex Integration

Hi Guys,Will IFS pass international transactions (anything apart from Canada and USA) to Vertex, with the current IFS Connector. one of my customer wants to ensure that international transactions can be passed in the current connector.

1
X
Superhero (Employee)
2 years ago

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