Finance (Financials)

Hello,My team is working on implementing a payment functionality for USD check payments to Bank of America (BofA) using IFS Cloud 2025R1. We were advised by IFS R&D to use the ISO20022A1 payment format for this purpose.We've set up the payment order and created the payment file. However, we've encountered a few issues and have a key question for the community on how this is intended to work. The Problem The payment format generates an application message with the MESSAGE_FUNCTION hard-coded to SEND_SEPA_CREDIT_TRANSFER.This results in the generated XML file using a SEPA schema and an explicitly defined SEPA namespace, despite the payment data being for a USD check.This seems to be a fundamental mismatch, as SEPA is a Euro-based electronic transfer standard, not a format for USD check payments. 

In APPS10 there is a Received - Not Yet Invoiced report.  I have searched and this report should be in IFS Cloud but I am not able to find it.  I understand it may be under GNRI or Goods Received Not Invoiced but I am not finding those either. Where is this report in IFS Cloud?

In the payment file group header, the initiating party details will be provided. As per the bank, there should be 2 other ID tags (i.e., Initiating party tags) in the payment file group header.In the first tag, it’s picking the Initiating party <Id>xxxxxxx</Id> and SchemeNm <Cd>CUST</Cd>, which we are able to generate in the file. When it comes to the second tag, the only possible option I could see in the ISO20022 Format specific Info per Institue is by providing the details in the ‘Debtor identification info’ and by enabling the option ‘Repeat in Initiating party identification level’ but the Debtor identification details are different from the initiating part details in our case.

Hi all We are implementing IFS Cloud for the first time.We can’t reconcile the Payments & GST on the standard TPAR report (TPAR, S108) in IFS 25R1. The file format is compatible with the ATO, however we can't validate the values on the report against Supplier Payments.Is this an issue for others?   

Hi Team, I am trying to implement CU’s in IFS cloud for electric utility Long Cycle process. I did initial setup for CU but still I have below question to ​@IFS. How to add a CU to a WO created from the upstream system. How a WO can have multiple CU associate to that.  How to handle the ASBUILT and DESIGN BUILT.  Where We can CU Estimate revision. ​@IFS Global Consulting Services ​@IFS RD Product Management @IFSThanksLokesh

 Hi,Does anyone have an example of what fields are required on the Supplier Electronic Payment Address and elsewhere to generate an ISO20022 BACS XML file for HSBC?We are going back and forth with HSBC on this and I cannot find any detailed documentation.We currently have this set up:Payment Format per Institute > Format Specific Information per InstituteI think HSBC wants this to be the Initiating Companies Bank Account or Sort Code. For Supplier ZCK001 CK-Interiors Limited - Electronic Payment Address: Confusingly the Ban

I would like inform that i am trying to close accounting period but I am not able to close due to error  ransactions waiting to be transferred from Distribution and/or Manufacturing, there are no any errors in the Distribution and/or Manufacturing postings screen. still getting this could you please provide quick solution.Thanks in AdvanceVamshidhar

Hello everyone,I have a quick question regarding the matching of customer credit notes.When I issue a credit note from an invoice, it is not automatically matched with the related invoice.- Creation of a credit note :  The credit note appears as unmatched in the customer analysis screen :  I have to perform the matching manually in the customer offset :Is this the normal/standard behavior, or is there a setting that allows the credit note to be automatically matched with the invoice?Since I created th

Hello,Are there any documents regarding SOX compliance in IFS Cloud? 

Hi,We are having a requirement to create multiple Supplier Payment Orders based on the Cash Accounts entered in the Supplier Payment Proposal. For this we have created a Supplier Payment Proposal and entered different cash accounts against each invoices. But when we converting the proposal to payment order, it is creating only one payment order with the default cash account mapped against the payment institute which we entered while creating the payment order.Is there a way to create multiple Supplier Payment Orders based on the Cash Accounts entered in the Supplier Payment Proposal.Please advice on this.Thanks in Advance.

Hi,Can Withholding tax be applied on Payment on Account on Mixed Payment? I tried but I am not getting the Tax option, is there a way to do this? Thank you.Kind regards

We have a supplier that will be looking for payment to differing bank details dependant on the service they provide.  I can see that I can have secondary bank details and attach them to specific invoices etc so that both will pull through into a BACs run when invoices are cleared.Can the payment details be added to PO, so that the invoice will automatically attach to these second details when ready for payment - or is the only option to manually add the details in the invoice instalment section

Description:What the standard IFS process to reconcile CBCP payments coming from concur to IFS with a monthly invoice coming from the Bank?IFS Recommended reconciliation process in ERP for Corporate Business Card Program (CBCP - Company billed and company paid) payment expenses from Concur to IFS and monthly bank invoice/statement.

Hi,We setup a new customer. I've checked and to me the customer and tax code set up is all correctAlthough they have been set up with S1 Tax code, correct price including tax hasn't been pulled through properly while creating customer agreement.  The problem is Tax code which should "add" 10% to the total price seems not to be applied properly to the particular account although setup has been done."Price" and "Price incl. Tax" should be different (+10%), but for some reason they remain the same when I try to set up the Pricing Agreement It can be because of baseline price, that is 0.00 over sales part base price. But I can see that all customers have actually 0.00e Price, but for them Tax code worked fine. Base Price is 0, but Price including Tax is 10% higher that Sales Price. Request your suggestions, what can be the issue and how to resolve it.

Hi All.Please help me,  I would like to set up the withholding tax on APP 8, as in Italy this needs to be handled separately. Could someone help me with this from the very beginning? The Italian equivalent is Ritenuta d'acconto, which can be applied at different percentages. What basic data settings are required? This should appear during the payment process, and is it controlled by transaction PP49?

Dears, can you advise what steps should be done in order to change accounting currency in IFS v8. Our country is shifting to EUR we need to implement such change. Thanks

Hello, How should the depreciation method be configured in version 8 to comply with the following requirements?This means that the asset’s value is depreciated in equal annual installments (20% per year).The method is called "linear depreciation" (ammortamento lineare).If the asset is put into use during the year, a reduced rate is often applied in the first year—typically 50% of the standard rate (i.e., 10% in the first year, then 20% in subsequent years).Depreciation starts from the year the asset is activated, not from the purchase date.According to Article 2426 of the Italian Civil Code, the value of assets must be depreciated systematically, taking into account their useful life.brocardiUnder Article 102 of the Italian Tax Code (TUIR), the depreciation rate must be applied starting from the year the asset is put in

Hi,We are starting the e-invoice project with Pagero now and I wonder if we have the right invoice xml format in IFS with all the tags needed if we are on IFS10 and UPD26? Do you know if there are some new needed tags added in later updates? Regards,Marika

HiI want to move/offset a parked payment (on company) to a supplier (Generating a payment on account). So I am creating a Mixed Payment (Suplier Payment) on 0 amount linked to a supplier. Then chose/match the Parked Payment from the list. The payment is now not balanced. When trying to approve, the system does ask if I want to create a Payment on account for the Supplier. Saying Yes to that.   Then I do approve the payment. But it does fail, saying:  “The matched amount is bigger than the payment amount in lumb sum”.  How can this be done?  I believe it worked in APPS 10.

Hi Community, I have created a Template Customer, and filled in info in Invoice and Payment sections, after connecting the template customer to a company.eg:Then I use the template customer in the Quick Register Customer screen: On the Misc Info step, IFS allows me to change info such as Payment Term [which connects to the Invoice section of the customer]. However, when Finish is clicked, and the new customer gets created, none of the sections where company connection is present [eg: invoice, payment] get filled in the new customer r

What exactly do the scheduled jobs, Transfer Purchase Transactions, Get Tax Ledger Updates and General ledger Updates do. I need to test the jobs to ensure all will work in the Cloud as we move from Apps10 and need to understand the functions. I am non finance so not familiar with the details of such. Thanks

Hello everyone,I have a question regarding simulation vouchers. When a simulation voucher is entered manually, it is automatically reversed in the following period. A specific voucher type (function group R) is dedicated for the reversalBelow is the parameters of the two vouchers types : However, when importing an external file (STDVOU), this automatic reversal does not happen.Do you know if this is normal? Or could it be a mistake on my part ?Thank you in advance for your help."

When we made payment with EBF the payment was grouped for one supplier. Which means that all the invoices to a supplier with the same due date were payed in one transactionNow when we make payment via ISO20022, it doesn’t group them. Which means that it makes one transaction for each invoice. Is there a way to group the invoice payments and payed in one amount in ISO20022?

Hello everyone,I have a question regarding supplier payment proposals.When there is a payment proposal for the same supplier, is it possible to configure the system to generate a separate transfer for each invoice instead of a single transfer that consolidates all the invoices ?Thank you in advance for your help