Finance (Financials)

Hi IFS community, I´m going to give a short overview about the issue which we´re dealing with. Regularly we receive paper pallets, they have inventory numbers within IFS. We create purchase orders for materials which have part numbers, we add lines in ´Part order lines´. When the goods are physically received and counted ,  it is registered in ´Register Purchase Order arrivals´ tab. We write in the total qty received and the number of the delivery note when we are doing it. We do it this way, because it is essential to other departments so that they could download the total ammounts of materials in stock from ´Inventory Part In Stock´, after that they compare it to the actual stock level. Our problem starts here, when we receive the material from the supplier we get an invoice shortly afterwards. We register the invoice in ´Manual supplier Invoice´ tab, we write the number of the PO into ´PO Ref:´ field. This way almost every field gets filled out as it is paired with the PO. We contin

Hi IFS community, This is my first post on this community forum. I am sorry if I am posting on the wrong forum. We have some supplier invoices which are stuck in posted status in supplier invoices analyis. We paid the supplier the invoices. The next day after the transaction has been completed, we download the bank statement from our bank account (it is not connected to IFS Application), from there we write all necessary informations into mixed payments but it doesn´t allow us to pair it with the invoice which has been paid, it has Posted status in supplier invoice analysis. This way it won´t change its status to PaidPosted and it will show up as unpaidsupplier invoice.Interestingly enough other invoices have PrelPosted which is great, that way we can pair them in mixed payment analysis and their status will turn to PaidPosted. Thank you in advance.

IFS Aurena showed the "Insufficient privileges" can't authorize the posting proposal , but IFS Application no problem on authorize. 

Good Day AllI have a question regarding the year end process:If year 2020 Reflects opening balance = “Final Voucher created” closing balance = “Final Balance transferred”Then Year 2021 Reflects  opening balance = “ Final Balance transferred” and closing balance = “Final Balance transferred”Now they wish to do the final year end process for 2022:Is there any impact due to the year 2020 showing differently to 2021?Thank YouMona

I have ex-employees still showing up in new transactions and not sure where all they are. Is there a report or a way to find out where all they show up in new transactions. I know they will show in historical transactions. One example is the Supplier screen had the old CEO in the Payment Authorizer ID.

Hi, There is a financial user in IFS Aurena that is getting “insufficient privileges” message when trying to authorize an invoice.This user is a invoice posting authorizer for this company and the invoice amount is below the limit.This user is assigned to MAX Authority Class.What can be the reason for such issue? Regards,Aleksandra

Hello,  I have question please about financial statements and reporting in IFS. When I try to extract a trial balance or any other financial reporting statement, I get a pdf file, however I prefer to extract those files as Excel files. Do you have any ideas how can I achieve this ? Best regards

I am having trouble finding he correct projection to resolve this error?  I comes when I am trying to print a customer invoice from Sales>Invoicing>Customer Invoice.  I select he Share button and then Print invoice. 

Is there any bank file type available for the creation of a bulk supplier payment to the DSB bank of India? 

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. This is depreciation method details Thanks

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 GP9 - once, as the help menu says, the opposite side of the voucher can be posted in t

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 enabled and set to the default queue.Routing Address are enabled and the URL is set to the following:  Any suggestions to get this working would be greatly appreciated! 

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.