Finance (Financials)

Hi, Currently, after the Net Value of the Object is reduced using ‘Change Net Value’ option due to impairment, still the system depreciates the Object with the same depreciation amount per period before Impairment. The depreciation is NOT recalculated based on the new Net Value after Impairment.In order to change this behavior and equally distribute the new Net Value after impairment over the Remaining Periods, documentation suggests the following: Assuming the object is depreciated using Straight Line method until Impairment, how can I change the Depreciation Method of the Object to Remaining Value over Remaining Life as suggested in the Documentation?Appreciate your guidance on this regard. Thank you!  

Hello,I have an object with acquisition value of 5000 and depreciation method REM BP. For the first FA period I calculated and posted depreciation. Then I entered an invoice in amount of 2000 against the FA object using acquisition account.The newly created invoice is automatically updated FA object transactions with Ext Add Investment. Until here everything is fine.Then I calculated depreciations for next periods and posted. Ext Add Investment value is not considered for regular periods but with last period as residual.What setup I need to complete to include Ext Add Investment value into depreciation amount? The value is posted with residual in the last FA period of object.

Hello Supplier payment order page is empty in our system  where I can find payments for supplier ? I need delete paymentsystem : IFS Cloud

Hello,  Consulting the help menu regarding the Revaluation Accounts we found the following: Use this window to enter, change and view the accounts for General Ledger and/or Internal Ledgers for which currency revaluation should be performed. Here you also specify whether you want the revaluation to be performed on account balances or on a transaction level, and how the currency revaluation should be posted. When a currency revaluation voucher is created, the currency gain or loss is posted either to the GP10 - Unrealized Currency Gains posting type or the GP11 - Unrealized Currency Losses posting type. The opposite side of the voucher is posted either to the original accounts or to the accounts defined in posting type GP9 - Currency Revaluation. Keeping that in mind, we believe that revaluation accounts that have the Used In Ledger column as “Account Receivable/Payable” should not need to be setup at

Customer says that during periodical settlement process some of rabate transactions didn’t appear. Do someone know what settings should I check to verify it?

Hi,I’m trying to delete a site in IFS10 but get an error message saying the site is used by 1 rows in another object (inventory value).  Does anyone have any ideas which screen this is referring to? Thanks.

Hi Community,This invoice related to the collective invoice, balance is matching with posting lines. Posting lines created M28 only, I could not see the IP4 and IP2 in the posting lines.Please help to solve issue.

When setting up a customer/supplier payment proposal, what field determines the GL code that this will be balanced against? If I need to change this, what screen is the information kept in?

When we are going to match PO receipt of an invoice, it prompt error as “you cannot modify project transactions of company XX without a valid position assignment”. How to fix this error?Thank you.

Hello, As I am quite new into the US taxation system, I do not understand how the posting of a supplier invoice with use tax should look like. Are there multiple ways to post the use tax?  Could anybody help with an example? I have done some tests but I’m not sure that this posting is correct and this is now it should look like.  

Hi Community, does anyone know what the International Cash Account functionality does in Cash Accounts Window?Can’t find a documentation regarding this and haven’t found a customer who is using this. Kind regardsDavid

When the user runs the depreciation for Jan month the residual value comes in the proposal instead of depreciation amount, due to which depreciation finished for all objects in the month of Jan even life of the object is not over. Is there any setup issue or do we have any work around to help to close the month

Setting up Avalara for the first time in Apps10 and cannot get the ‘test connection’ to not timeout. I did double check the username and password are correct. In External Tax System Parameters, I have added the Username and Password in the Avalara Connection Information.  When I Test Connection, I get the following error:Connection was not successful, IMEOUT: Timeout [1200 sec] occurred while waiting for invoke response.Tax Codes are setup and added to the company in Application Base Setup -> Enterprise -> Company -> Company -> Tax Control Tab -> External Tax System Tab.In the Company window > Tax Control, General subtab, all “Tax Code Validations” for customer and supplier are blank.Outbound Routing Rules are

Is there a way to add pre-posting to a supplier payment?  I am trying to add the code parts CIP and Flag on a payment line on the Transaction screen. I have added pre-posting to the PP1 posting control for both CIP and Flag.  However, I am not able to add them to the transaction line.  Can this be done?  

I have created an automatic posting rule create a transaction when account 1590 is in posting control IP1.  When an invoice is created, it posts to 2000.  My client wants anything in Purchasing group (account 1590) to post to 2005.   I created an automatic posting rule that looks at IP1 and if it has account 1950 in it, the transaction will debit 2000 and credit 2005. The problem is that when it runs, it creates the transaction and then creates another transaction reversing the transaction.  How can we stop IFS from creating a reversing transaction.  The reversing box is not check on the automatic posting rule. 

When loading the xml file to the tax authority system following error is raised.   What could be the reason? This is first time the data is loaded from Production. Before go live the file got validate from the tax authority which is generated from the test system.

Hello, We went from 9 to 10 recently. One of our users used to see a budget amount, difference, diff.(%) on the GL Balance Analysis screen. As far as I can tell, the name has now changed to planning. The problem we are having is that it’s completely blank though. Any ideas on what’s going on?   

Hi There,Budget exceeds while Revoking PR/OQA ,where as it did allow to create and Authorize the PR and OQA without any error.. 

HelloI am setting up ISO20022 payment files in Cloud 22R2. The output file does not contain the Clearing System ID or Clearing System Member ID. I have entered the data in Payment institute offices.  Does anyone know if I need to set up some other information as well? Kind regardsGlenda

Hello everyone. I have a client with a subsidiary in Spain that uses cash accounting for VAT returns. Does anyone know how to set this up in Cloud please? Many thanksGlenda

Hello everyone,Another question about customer invoices!I have migrated a thousand invoices with the external customer assistant. They have been migrated and are now in preliminary status. Unfortunately, the client made mistakes on the invoices and I need to delete / cancel them. Is there a way to mass delete the customer ?

We would like to create a new Frame that will be within a Basic Data Folder:  

We have an issue where someone has overwritten the price/qty of a customer order line, the order was then invoiced. Our accounts receivable team spotted the issue, corrected the customer collective invoice at ‘Prelim’ state manually. However, they didnt amend the customer order line before doing this and it now is showing an incorrect value on the customer order. Any ideas how I can roll back the customer order line state to make the amendment??

what are the basic data that need to be configured to generate 1099 tax report and also how to generate it

Hello all. We need to use the external customer invoice assistant to migrate some invoice in IFS and we need to enter a specific voucher date (the 30/09/2022). But at each time, the only voucher date that is automatically entered is the day of the action of the import of the invoice.We don’t understand what is blocking our wish…Here our process if somebody has the answer :) It’s the invoice that I want migrate :For the exemple, the transaction date is 31/01/2022. Here is our external file template : Here is our load type (MIG) :