Finance (Financials)

Hi, We just discovered that an object acquired in 2021 hadn’t been activated until now.The issue we are facing is the application wants to do depreciations from the acquisition date. But since that was last year it’s a problem. We’d like to do all the depreciation in a lump sum in present period. Does anyone know how to perform such action, if possible. Best regards. Tobias 

We have a shipment that we would like to reverse so that we can change the price on the customer order. Would this be possible? Any help would be much appreciated.  

our user try to upload some vouchers but system raised the below error messagein voucher type series, the next voucher number is 1012300011 please advise. 

Hi,This PO is created upon a work order. Goods have been received and PO is closed. However, now when we try to match PO receipt on the posting proposal of the invoice below error prompted.“Only Work Order/Work Task with company correspondence can be added”How to fix this error? Thank you

Hi Community,I'm getting the below error in all the windows when I try to record a transaction. “The currency rate for parallel currency is not valid in the currency type 3 in the company xxxx”Currency rate type is setup in Normal and parallel currency as below. 

 Hello My company has no parallel currency setup. But when i am creating a customer payment transaction on mixed payment window I can enter parallel currency amount manually. See example below. Field is not deactivated. After finishing the record, I can see parallel currency amount Parallel currency amount is displayed in mixed payment voucher rows.  

Hi,May I know the difference for 2 BIC code on the ISO20022 configuration panel? I have them highlighted in the attached screenshot. Which one I should use to set up for International Wire Payment? Thank you.

Hi,Does anyone know a view in IFS, where we can see the Customer Invoice Total Discount value?ThanksGayan

Hi, How can I find the GL accounts that are fetching to the Customer ledger age analysis report? GL Balance analysis and Customer ledger age analysis report doesn’t tally now. I want to find what are the GL accounts that will get fetched to this report. Then I can compare. 

We are about to implement CAMT054 with Danske Bank and we run into issues when our customers use credit invoices in their payments. The part of the file from Danske Bank where these entries are made looks strange, the credit is defined using the tag “TP” as shown below:                    <TxDtls>                        <Refs>                            <EndToEndId>NOTPROVIDED</EndToEndId>                        </Refs>                        <AmtDtls>                            <PrtryAmt>                                <Tp>DBIT</Tp>                                <Amt Ccy="SEK">18144.00</Amt>                            </PrtryAmt>                        </AmtDtls>                        <RltdPties>                            <Dbtr>                                <Nm>AKADEMISKA HUS AB BOX 483</Nm>                                <PstlAdr>                                    <Pst

Hello community, I am trying to calculate depreciation for Japan. There is a specific requirement when declining balance method is used for depreciation. If depreciation cost for calculated year is less than minimum depreciation amount then depreciation method  type switches to net book value multiplied by minimum depreciation rate. Net book value after switch is depreciated in remaining calendar years.   According to above table, here is my fixed asset that i want to calculate.Acquisition value 239.590   Salvage Value 1   Service date April 1st, 2022   1st Year service month 9 months   Useful Life 8 years   Depreciation Rate 0,25 rate for 8 years from table above Minimum Dep.amount 18.949 Acquisition value x Rate to Determine min. depr. Amount Depreciation Rate after minimum amount 0,334 New rate per year if acc. Depreciation from declining balance is lower than Minimum Depr. Amount  Based on the information above, my depreciation for each year

Dear SirI have an Issue for customer offset proposals with sales penaltywe received a payment from customer and then we recorded.  It is only when the remittance details are received from the customer later that the payment is for multiple invoices and the sales penalty has been deducted from some of the Invoices. In this case, how can we offset the payment with multiple Invoices and record the deducted sales penalty?.  Kindly help me Best regards Joby 

Can you provide me the path to enter manual voucher in IFS Cloud.

 Hi all I try to send the payment advice by mail.I am able to generate the PDF But do not find any Application messages…Any advide?The set up: Supplier: Payment Format: Event Action: Message text: 

We created a lease amortization schedule and a few months later we noticed that the last payment is actually one month later. So we have already created the amortization schedule and recognition posting, plus subsequent lease proposals. I have modified the terms and conditions to add one more payment. How do I get the amortization schedule to recalculate and the recognition entry to post this correction?

ENVIRONMENT: IFS Apps 10 AUDIENCE: All RESOLUTION/ANSWER:Tax calculation structure isn't getting fetched automatically in Manual Supplier Invoice window and Instant invoice  based on the HSN/SAC Code. Customer GSTIN number is not fetching to Tax transaction screen As per technical investigations conducted, it was identified issue was caused by Argentina localization. WORKAROUND: Has to manually enter both Tax calculation structure and Customer GSTIN number. Solution: Bug ID 164548 created for Customer GSTIN number not fetching to Tax transaction screen issue and customization has been done for the Tax calculation structure no fetching issue. CAUSE: N/AADDITIONAL INFORMATION: N/ASCRIPTS/LOGS: N/A SOURCE: Shehan Chandrasekara VERIFIED:

Hi Team,I want to split the revenue evenly across future accounting periods for a Service Contract.For ex: Annual Maintenance Contract is sold for period Apr1 2021 to March31 2022. Customer pays the entire amount in advance . Now the amount needs to be distributed equally across each future accounting periods.Request you to please tell what basic configuration set up needs to be done for this.How revenue will be distributed evenly and what voucher type will be created for it.Screenshots of the setup will be really helpful.Thanks,Rakesh 

We need some help with the consolidation process in IFS 10. We have succeeded with some of the steps but there are some issues left, e.g. currency translation and elimination of inter-company transactions. Below I list the steps that we have done.   Map subsidiary accounts (Accounting rules -> Code string -> Accounts field Account group) Specify which months to consolidate in the parent company (Financials - Consolidation -> Group Consolidation -> Balance Transfer and adjustment -> Reporting status) Give permission to employees to perform the consolidation. (Financials - Consolidation -> Group Consolidation -> Consolidation Basic Data -> Consolidation Security) Transfer data (Financials - Consolidation -> Group Consolidation -> Balance Transfer and adjustment -> Balance Transfer Assistant) Approve reporting journal (Financials - Consolidation -> Group Consolidation -> Balance Transfer and adjustment -> Reporting status) Create consolidation str

Hi all, I am working in setting up the Group Consolidation basic data. From the document, I understand that we have to define a code part with the Code Part Function ‘Consolidation’ un the master company and put the list of reporting companies in the code part values. I have done it but and I don’t understand how the code part is used afterwards. When I transfer balances from reporting companies and run the conso process, this code part is empty in the consolidated balances. Did I miss a mapping between the reporting entities and this code part? Thank you very much for your help. 

Hello,I´m having some issues with “min amount of days” in the reminder template and reminder level. In level 1 its stated 7days and that works out fine, but in level 2 the amunt of days is stated to 10 days,The reminder proposal does not take that in consideration and calculate 7 days as well for that reminder level.Anyone who knows if this is a bug or if I´m doing something wrong? Thanks in advance. 

Hi All. We have problem assuring invoices being entered only once in the IFS Financials. The Invoice identity is validated to be unique, but that does not work if spaces are typed by mistake at the end or the beginning of the field. Any good idea or practice to suppress the leading/Trailing spaces in the IFS fields upon entry?

We have a situation where a PO has been receipted for £825, which is more than the value of the invoice £819.50. Unfortunately we cannot cancel the receipt as it has been matched to the supplier invoice and paid. The only way I can think to undo is… Cancel the bank reconcialition Cancel the invoice payment Cancel the supplier invoice Cancel the receipt Then re-create it all.Is there a more efficient way?ThanksBob

Unlike this issue reported here ...We are looking to switch off the “Same No Prelim and Final Supplier” setting.  We run Apps9 and are using Supplier Invoice Workflow.  One of the companies in the group are challenged each Year End by having to remove any Prelim Invoices before moving over to a new Accounting Year because they have an I voucher allocated already.  This has been heightened this year by them starting to use Document Management to attach copy invoices to the Prelim on IFS. Like many other companies, I’m sure, we have ‘year specific’ voucher series set up for I and J vouchers.  Prelim Supplier invoices posted in current year have current year prefix so error when trying to finally post in New Year.   When we tried to test processing invoices having unticked the “Same No Prelim and Final Supplier” box we encountered the following error Our I voucher type is set to Automatic Allotment  of voucher J voucher type is not When trying to change J to Automatic Allotment I encounte

The table "Authorize Invoices for Payment" is empty whereas many supplier invoices are at the status "PostedAuth" in the company ZZZ-Création société" in the environment  https://ifstest.amplitude-laser.com/ 

Hi Folks, Is there an element of configuration, mapping fields, etc. for the S071 tax template? Could you please help me with this process? Best regards,Thakshila