Finance (Financials)

This will include the questions related to Financials.

  • 4,315 Topics
  • 11,878 Replies

4315 Topics

A
Sidekick (Customer)
andrei.borromeoSidekick (Customer)
asked in Finance (Financials)

Two Year Closing Periods in a Fiscal Year?

Hello. Our fiscal year 2022 starts in October 2021. At the end of December, there will be a change of owners / acquisition so we would like to do a year close to clear the income statement (Period 1 to Period 3  FY2022) to retained earnings. At the start of January 2022 (Period 4 FY2022), we will manually upload balances under this new ownership. Then at at then of September 2022 (Period 12 FY2022), will do a year close to clear the income statement to retained. So essentially, we would like to do close to mark the ownership change/acquisition then a another close to end the year. As such, we will have two year closings (ie. two year closing periods in FY2022).  Is this possible? I would appreciate any thoughts on this or other alternatives. Thank you.

1
T
Superhero (Employee)
2 years ago
T
Do Gooder (Partner)
tatansumrDo Gooder (Partner)
asked in Finance (Financials)

Mexico Loclization

Can somebody share the Mexico Localization pack document.   Regards,Ansuman

1
Asela Munasinghe
Superhero (Customer)
2 years ago
arebbeadle
Hero (Customer)
arebbeadleHero (Customer)
asked in Finance (Financials)

What permission is needed to create new scheduled report?

What Permission do I need to grant to give a user the abililty to schedule a report and remove a scheduled report? They can view Scheduled Reports but thet can not create or delete.Thank you, 

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

mixed payment, value missing or has an interval time

in mixed payment system raised this error in the approve , i checked :the account in posting control PP22 and it is enables. the GL accounts in company 141 and 901 and it is there. the section and employee data, both are enables only in company 901 please advise?   

1
N
Hero
2 years ago
Sadeepa Gamlath
Do Gooder (Partner)
Sadeepa GamlathDo Gooder (Partner)
asked in Finance (Financials)

Project Revenue Recognition for T&M projects

Hi Folks, I have a customer who wants to recognize the revenue for T&M projects, as soon as they incurred the cost. Capitalization method is the transaction based.  But as far as I know, IFS will not recognized the revenue until we create the project invoice or the Periodical Capitalization and Revenue Recognition job is executed.  Is it possible to recognized the revenue without executing the Periodical Capitalization and Revenue Recognition month end activity?  -Sadeepa-  

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

tracing MPL voucher

HIin our system , in Jun-2021 user created an MPL voucher number X in accounting period Jan-2020.i need to trace the voucher and check it’s source; what shall i do ?

1
A
Superhero (Employee)
2 years ago
G
Sidekick (Customer)
GiulianAntonSidekick (Customer)
asked in Finance (Financials)

Invoice Layout

Hi! I have a question related to customer invoices.Does anyone know how to hide Shipment date and delivery note in the invoice layout? Thanks in advance. Regards,Giuliana 

1
K
Hero (Customer)
2 years ago
R
Hero (Customer)
ronhuHero (Customer)
asked in Finance (Financials)

testing

testing

1
durette
Superhero (Customer)
2 years ago
iran
Sidekick
iran
asked in Finance (Financials)

parallel currency rate in Mixedpayment

Hi to allIn the MixedPayment and when the voucher is created, in row that related to the transaction code = IP1 currency rate field is equal to currencyrate on the ManualSupplier date but PARARELL CURRENCYRATE is equal to the payment Date rate.What should I do if I want the parallelcurrency rate to be equal to the Manual supplier time rate?Does it have special settings ?Are there any configure to change this behavior?I want the parallel currency to behave like the main currency at the time of payment

1
iran
Sidekick
2 years ago
S
Hero (Employee)
Shehan WickramaratneHero (Employee)
asked in Finance (Financials)

Implement Over-receipt protection - SOX internal controls impact

Hi,We want to configure IFS to prevent the over-receipt against the relevant PO within specified tolerances (lesser of 10% or 500$ of the total approved amount per the PO).  Is there an IFS configuration that addresses our needs?   Thanks Ref: G2287621

1
A
Hero (Customer)
2 years ago
VsoMdsaiI
Do Gooder (Partner)
VsoMdsaiIDo Gooder (Partner)
asked in Finance (Financials)

Error in posting MSI

Can anyone please explain why I am getting this error in MSI window when trying to post the invoice ? 

1
A
Hero (Customer)
2 years ago
Sachin Vithanage
Hero (Employee)
Sachin VithanageHero (Employee)
asked in Finance (Financials)

How to extract finance documents (invoice attachments) in bulk using date filters?

A customer has a requirement where they need to extract supplier invoice attachments based on date filters (ex.Invoice date/ voucher date etc). In Document Management windows like Document Revision, currently there are no product specific search parameters like ‘invoice date’ to filter out the invoice attachments.For example, if we want to extract all the attachments belonging to the supplier invoices entered during the last calendar month, is there any way to do this in one go?

1
P
Hero (Employee)
2 years ago
M
Sidekick (Customer)
m.arifSidekick (Customer)
asked in Finance (Financials)

Capital expenditures (CAPEX)

i am currently looking out for a solution that will get rid of paper work that we are doing in our company. We get the capex approvals on paper by getting signatures from relevant authorities based on amount thresholds and after getting the approvals we create a purchase requisition in IFS and we attach the approved capex document into the PR. then PR again goes for approval . Is there a  way to create capex or capture captial expenses or operational expenses in IFS and based on that generate a PR (Purchase requisition automatically.

1
T
Superhero (Employee)
2 years ago
Kalhari Dissanayake
Hero (Customer)
Kalhari DissanayakeHero (Customer)
asked in Finance (Financials)

Invoice layouts -Customer bank account

Hi Team, Customers German affiliate needs to print the customer bank account  on the customer invoice in the case of direct debiting. Is this information in the xml for customer order invoice and instant invoice?Thank you and Best regards,Kalhari.

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

Object Transaction ID Jump

Hello.  Kindly refer to the attached file, which is the Object Transactions Analysis window populated. I recently imported acquisition values and accumulated depreciations for 24 assets (rows 2-49 of the attached) via external file upload. For the acquisition transactions, I assigned an object transaction ID of 1 and for accumulated depreciation transactions, I assigned an object transaction ID of 2.  I then activated object 2016-027, ran and posted depreciation on it then rolled back (rows 50-51). The object transaction ID for the depreciation posting and the rollback is 938 and 939 respectively. I then activated object 2016-041A, then ran and posted depreciation for it and object 2016-027 (rows 52-53). The object transaction IDs for these are 1145 and 1146. I am trying to understand why there is such a large jump in the transaction object ID. Why is it that the first depreciation and rollback (rows 50-51) jumped all the way to object transaction IDs 938 and 939. Then the next depreci

1
A
Superhero (Employee)
2 years ago
T
Sidekick (Customer)
TRCEISFELTSidekick (Customer)
asked in Finance (Financials)

Error when creating invoice in external supplier invoice upload

Hi!When trying to create an invoice in External supplier invoice upload i get the error message:“network access denied by access control list”. Does anyone know what causes this error?I right click on the line and choose create invoice. I then fill in all the information and click “Ok”.Next the error message appears.Thanks! 

1
lahiru.usj
Sidekick
2 years ago
L
Sidekick (Partner)
Luiz RSidekick (Partner)
asked in Finance (Financials)

Multiple Tax Lines

Hello, hope y’all are doing well.  When creating Purchase Orders and Invoices, there is a functionality called “Multiple Tax Lines”, that is selected if there is more than one tax code connected to the invoice line. The question is, if there are more than one VAT code connected, how to distinguish the tax basis of each code? Thanks in advance

1
J
Hero (Employee)
2 years ago
Drausenhaus
Sidekick (Partner)
DrausenhausSidekick (Partner)
asked in Finance (Financials)

Replacing OnGuard with IFS Credit Management?

To reduce the number of different software systems, we would like to replace (best of breed) credit management system OnGuard with IFS Credit Management. Has anyone done this succesfully?

1
T
Superhero (Employee)
2 years ago
Mohashin Sohel
Do Gooder
Mohashin SohelDo Gooder
asked in Finance (Financials)

Number of matched invoices error in supplier check window

We are trying to pay supplier payment through supplier check window. Then we are facing a problem “Number of matched invoices must not exceed No of remittance items defined for SUCHECK”.Thanks in advance

1
Shehan Almeida
Superhero (Employee)
2 years ago
H
Do Gooder (Customer)
HPK10Do Gooder (Customer)
asked in Finance (Financials)

Lobby Navigation to a form with a dialog

Hi,Please can anyone help?I need to navigate to GL Balance Analysis screen from the  URL address given in the lobby element. While  I am able to navigate, I get to a see an empty form given the search criteria.  From what I understand the   form is filled with data after a manual trigger action from the Zoom-in dialog. So is there a way I could bypass the Zoom-in dialog before the form is filled with data? Is there any alternative? Element URL address:Empty GL Balance Analysis form after the element click through action: GL Balance Analysis with zoom-in dialog (how to bypass this dialog when navigating from a lobby element?): BR,Prabhanjan 

1
Dhananga Jayatilake
Hero (Employee)
2 years ago
R
Sidekick (Partner)
RakeshSidekick (Partner)
asked in Finance (Financials)

How can we connect Branch to Manual Supplier Invoice

Hi Team, How can we connect Branch in Manual Supplier Invoice window. Not able to find any field. Thanks in Advance. Best Regards,Rakesh

1
Sachin Vithanage
Hero (Employee)
2 years ago
JJäthing
Hero (Partner)
JJäthingHero (Partner)
asked in Finance (Financials)

CAMT053 Supplier invoice payment charge

In the process of setting up basic data for bank charges the first I run into is a supplier invoice payment charge. I create the pseudo code and enter it on the tab ‘Definition of Identifiers’ and the only ‘Transaction Type’ option is ‘Direct Cash Trans’.  It is not possible to connect it to the message code ICDT.Is there any a solution for this?

1
JJäthing
Hero (Partner)
2 years ago
ALHAGMO
Hero (Customer)
ALHAGMOHero (Customer)
asked in Finance (Financials)

Where can I enter the #SYSTEM DEFINED TAX NO# for the Document footer?

I am setting up a new company and footer, but I cannot find the place, where to save the #SYSTEM DEFINED TAX NO#.We are working with Apps 10 Update 11.Thank you for any help Regards Martina

1
N
Hero (Employee)
2 years ago
MKG019
Hero (Partner)
MKG019Hero (Partner)
asked in Finance (Financials)

Bahrain-Solution for, No of Decimals "3" in Amount IFS10 UPD7

Hi Team,Bahrain requires 3 Decimals in Amount, do we have solution available in IFS10 UPD7 for the same also how to configure the same.Regards,Mukesh Gupta

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

Start Currency Balance Adjustment

Hello. In Parent Consolidation, there is as an option when right clicking called Start Currency Balance Adjustment. Would anyone be so kind as to explain what this does?  Thank you.   

1
A
Sidekick (Partner)
2 years ago

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