Finance (Financials)

Hi Has anyone implemented a solution for RCT (Relevant Contracts Tax) for Ireland. It is similar to CIS in the UK, but the deductions also need to occur on the customer side as well in this scenario.For example, the customer will not pay us the full amount of the invoice, the difference needs to be reported to Irish Tax Authorities and invoice needs to be closed as well.And then there is the RCT report declaration to the Irish Tax Authorities.Thanks

Hi All, I am exploring the possibility of using ‘External Files’ to format a txt BACS file (format txt to txt) to send to Barclays bank without doing a MOD.However, I can see that ‘External Files’ interface has some limitations where you cannot even create a new  ‘External File Type’.Does anyone have experience in creating a template for BACS transformation using External Files template? If yes, could you share any tips on how to achieve this.

Created rental transactions However, when trying to match supplier invoice, this rental transaction does not appear. Also, when trying to post this transaction using “Post Rental Transaction”, this does not get posted.Invoice matching does not fetch anything from unmatched PO receipts. 

Hi Experts,We are facing an issue where Intrastat transactions are not getting generated for the below scenario:Scenario (Intercompany Direct Delivery):Customer order in Spain company Spain creates intercompany PO to Italy company Italy creates customer order Goods are shipped directly from Italy to the final customer in Spain No physical receipt is done in Spain company (direct delivery)Main Question:Why are Intrastat transactions not getting created for this flow?Expected Understanding:Movement is from Italy → Spain Ideally, Italy should report Dispatch and Spain should report ArrivalThanks in advance!

Hi, I am looking for some IFS generated reporting that gives details on calculations by part and/or route variances from the part standards.  For us, these book in the MUV account(s) based on our posting controls, but the shop order cost detail reports do not give a breakdown of the calculations behind the MUV postings.  For example, when you look at the GL activity for a shop order, you will see a posting for MUV ($500); however, there is no reporting I find that breaks that posting down by part (standard recipe vs. the actual issued parts on the shop order).  I can recreate the calculation using an excel model; however, I am looking for some reporting that gives me multiple shop orders data over a given time period.Does anyone have something they leverage from IFS for these details?Thanks

Hi All, We are looking for Possibilities and Impact of Deleting/Removing Old Supplier Payment method. What will be the impact on Accounting and Audit post deletion or removal ?There are some Supplier Payment methods were in use long time back and now the Business don’t want to use it anymore.Kindly suggest

Is there a way to write off / down inventory by part number?  The more broad method (product category) does not allow clear identification of the items in inventory to remove.  TIA. 

Hi everyone,We are currently using IFS Applications 10 and we are looking for a way to automate our Cash Flow Forecast process.Currently, we are refreshing/generating the forecast manually, but we would like to schedule this task to run automatically (e.g., every night or at specific intervals) so the data is always up-to-date when the finance team starts their day.I have a few questions regarding this: Is there a standard Scheduled Database Task available for refreshing Cash Flow Forecast data? If so, what is the exact name of the task? Are there any specific parameters or "Snapshot" settings we should be aware of when running this as a background job? If a direct scheduled task is not the recommended way, what are the best practice alternatives for automating the cash flow refresh in App 10? Any guidance or screenshots of the setup would be greatly appreciated!Thanks in advance for your help.

Hello,I have a question regarding SEPA payment file generation in IFS.We would like to understand how IFS handles grouping of supplier invoices into one payment transaction in the generated XML file.Today, it seems that IFS is generating separate payment transactions instead of grouping them, even when the invoices belong to the same supplier. Thank you for your help, Best regards, Abdessamad

Topic: As part of user experience it’s beneficial to be easily observe, whether invoice fees has been applied to specific Customer Invoice.Issue: In IFS Cloud Instant Invoices have dedicated attribute to indicate, whether specific invoice contains Invoice Fees. This is solved with simple “Invoice Fee” - Yes/No string. This same option is not supported on Customer Order Invoices, which means users are not provided with a solution to confirm whether the invoice has the invoice fees included or not.Solution: Extend the Invoice Fee field from Instant Invoice to also cover Customer Order related invoices.  

Stage Billing - Does standard IFS Functionality exist to reverse or post the Stage Billing Invoice balance from the P&L account using posting control M28 to a define Balance Sheet account? And can this be reversed once the Stage Billing order line is delivered?

My colleague has asked me to query this - while there was a related but different case previously raided on the Community, we would welcome specific advice…...:Context: an Irish company using IFS Cloud, version 25R1…Query: Could anyone in the IFS community please explain why the VAT reverse charge automatic postings do not work on Instant Invoice for sales items, even though the correct TAX Codes have been set up for VAT?Interestingly, the reverse charge functionality works perfectly on i) AP supplier transactions and ii) sales invoices for customer order related product shipments.  It’s only manual Instant Invoices that does not work.Is there a specific configuration or limitation within Instant Invoice that might be causing this discrepancy?EG when posting an invoice from outside of Ireland the AP transactions will post both a TAX Received and TAX disbursed transaction but Instant invoices for sales items is not, it is only creating TAX Disbursed line meaning we have to manually adju

Dear TeamI have already enabled the toggle  button Capture Supplier Invoice Data Using AI  in Company level, Invoice tab. Still I am getting the below error  I am using 25R1 cloud version.Thanks&Regards,Afrin Dobani​​​​​

Hi EveryoneIn IFS Cloud 24.1.5 when I use the Cash Plan future I am missing lots of transactions. I narrowed it down.Customer Order: TAX Exempt. TAX(%) = 0 => Those Customer Order Lines are not included in Cash Plan Same goes for Customer Invoices.Customer Order: TAX Exempt. TAX(%) = 0 => Those open Invoices Lines are not included in Cash PlanWhy should those Transactions be excluded in Cash Plan?Thanks,

Hello, I’ve got an issue while saving complete report in IFS Business Reporter. It started with the “CLOUD” version and I’m not able to solve it since I’ve tried to seek solution everywhere. When I hit the “Save report” button, this error occures. The file exists in TEMP folder. I’ve also tried different directory but with the same result. Any ideas to solve this problem? Thank you so much,Ondřej Čarný

Hi everyone I wanted to ask how others have approached the lack of standard support for the new mandatory JPK file format  (JPK_V7M3) in IFS Applications 10.We’re currently facing this challenge and are exploring possible solutions, but I’d really appreciate hearing how you handled it in your setups. Did you develop a custom solution, use a third-party tool, or maybe find a workaround within IFS?Any tips, lessons learned, or recommendations would be very helpful!Thanks in advance 

Since the new SAF-T Financial schema, v.1.30 comes into force, we are unsure if there are new set ups required in order to create a file corresponding to requirements for 1.3 version. Can anyone please provide the documentation of how to set up SAF-T version 1.3 NO in IFS.

Hi,Can you please explain in what scenarios posting type ‘PP32 - Unmatched customer check’ is triggered?I have tried several scenarios like creating a unmatched check, partially matched check but did not get the expected results.Thank you 

Hey Community,Does anybody know how IFS calculates the value for Actual Revenue Excluded from Periodical Capitalization Field in the Periodical Capitalization and Revenue Recognition Project page?  Needing this info urgently. 

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Can anyone help clarifying below questions please-How to define and link event  to the appropriate project lines or cost elements. How to Verify that the events have been properly set up in the system. How to verify if the conditions for triggering the events are met. Would appreciate if anyone can  provide detailed steps on how to test revenue recognition with the following parameters? Project Origin: Project Capitalization Posting Method: Transaction Project Type: Capitalize Revenue/Expense Revenue Recognition Method: Event-Based POC Method: ManualI've completed the setup in the Financial Project screen and have booked actual cost and revenue, but need guidance on how to test it effectivelyI would greatly appreciate any assistance!

Dear Team,Could you please share documentation on Supplier Invoice Data Capture Automation related to OCRWe need to implement this functionality for one of our client.Thanks&Regards,Afrin Dobani 

Is there a way to reverse M5 transactions? (Receipts without purchase order) WIP GL account is not tallying with WIP order report.Found out that is due to M5 transactions posted to WIP GL account causing the mismatch. 

It's identified that user encountered an error when uploading external supplier invoices: "The amounts in Original Net Amount and Net Amount fields do not match for ZZ 1733/8127/2026 invoice. Select the Disregard Net Amount Differences check box if you want to continue. Otherwise, change the net amount for the invoice lines before you continue." And also, original gross amount, Gross amount, original net amount and the net amount also have different values in external supplier invoice window.  Following details provide the overview about the how Polish E invoice system works as customer is operating in Polish Localization.“E-Invoice XML files can be generated only when the B2C parameter is not set for the customer. The XML file generated by the IFS application is converted into the Polish KSeF format through a third-party vendor (for example, Pagero). The third-party vendor then submits the Polish e-invoice in KSeF format to the KSeF platform.Subsequently, a response message in KSeF fo

Good afternoon, Is there any brief summary of the setup needed to have the <Attachment> tag populated in Italian E-invoice so that the .pdf copy is attached to it? In IFS Cloud, we can easily define this in the E-invoice Processing Type if we toggle ON the option Include Invoice Image, however, in Apps10 there is no such menu and the invoices do not contain anything in the <Attachment></Attachment> section. So, does anybody know which are the mandatory settings required in order to have the .pdf copy attached? Thank you in advance!