Finance (Financials)

Hello We have US assets that will required MACRS depreciation that includes a 168(k) Allowance % of 50%. For example, we have this asset with a 168(k) allowance % of 50% and a depreciable % of 200. Is there a depreciation method from the existing ones below that would be appropriate to use ? Or if there is none, how could one be set up? When I look at some of these methods I do not see a field where I can specify a 168(k) allowance %.   Would appreciate any input and assistance on this.  

Dear Community, When i am paying supplier advance through mixed payment PP37 triggers. I want to enable control type IC5 ( Preliminary Code) what's the way?? 

HiI tried to run the report status for the 2022-03 after closing the 2021-12. in the error log i got this error message Does anyone knows what is the next step in order to report the companies? Best RegardsSophal

Hi experts,our company is in Germany (EU).We need two tax tamplates to reporting payments - one for Z4 and the other one for Z 5a. Z4 - All incoming and outgoing paymentsZ 5a - Claims and liabilities arising from financial operations with affiliated foreign non-banksIt is something like a sales list. Which tax tamplates can we use for Z4 and for Z 5a?How can we export these lists?

Hi,  I created a new company and choose Voucher Series Per Period. That was wrong. Is should have been Voucher Series Per Year. How can I change this? Best regards, Tobias 

Hi IFS Community! I need your help on a complicated topic. I have many vouchers that are not present in the Project Management module, meaning that some costs are present in Finance but not in Project. All the vouchers are type X.Is this voucher type is only for accounting/finance purposes? All the posting control setups seem to be OK. Many thanks!

When a new difference item is created in Mixed Payment, it can be considered as a new sales transaction and hence hitting AR balance and Sales value in Customer Credit Analysis screen.Because mixed payment contains below,(1)AR Balance in actual sales based on customer invoices(2)Amount generated by adjusting the difference.As (1),(2) are all contained in AR Balance and Total Sales onCustomer Credit Analysis window of IFS.So how can we know (1) on Customer Credit Analysis window?

In the Help the definition of the Unmatched Cash Transactions field on the Manual Transaction Matching window says:Unmatched Cash Transactions:The total amount of the unmatched cash account transactions. This should be equal to the difference between the cash book balance and the bank balance (i.e. amount displayed in the Difference field) once the bank reconciliation process is completed for the reconciliation date displayed in the window.Can someone please clarify why the Unmatched Cash Transactions field is not the total of the unmatched transactions displayed once the reconciliation date has passed.  ie If I search in the Manual Transaction Matching window for  April 3, the total of the 4 rows displayed is -11099.12 (SUPAY) but the value displayed in the Unmatched Cash Transaction field is -18783.12 which is the same as the Difference field. Thanks  

Hi everyone,My customer wants to implement 2 charts of accounts in IFS CloudOne will be the Group chart of account (GCOA) The second will be the local COA by country (LCOA) A transcodification table between GCOA and   LCOA will be put in place with a 1 to 1 approach and set via code string completion (A to B and B to A)As far as i know,all financials standard queries and reports within IFS Cloud can be  reported based on code part A  some can also be extracted based on code part B but not all  My question is : Is there an existing table of all standard financials Queries and Reports available in IFS Cloud that shows this provision ?     Many thanks for your help and happy Friday, Eric

Hi Friends, I have setup a new company with copying the existing company and I have cleared all the error logs except the below. Kindly help me.Thanks in advance.Note: I have setup the Payment institutes as well but still same error. 

Dear All,I need to get an check list or document which is consist of all the posting controls and the relevant journal entries for each business scenario.  (The general business scenarios) Can someone please share any link relevant for it or any document. Big help. RegardsNaadira

We have done the Clear cost/revenue. How can we rollback that again?

In our environment in APPS9 we are performing an import of BudgetTransaction using External File Assistant.In one of our companies, this is additive. In other companies all existing lines on the Budget Template are removed, and only the lines in the import file are added.We would like the behavior to be consistent but have so far been unable to locate the parameter or reason for the different behavior across companies.  

We would like to implement Customer Repayment, but the credits are in one company and the payments have to be made out of a different company.Does anybody else have the same situation?  We are using IFSAPP9 and I couldn’t find anything on Multi-Company Customer Repayments.  Thanks, Cora 

I’m trying to repost all the open supplier ledger item of supplier 200106 to supplier 200105.the repost to other supplier and offset is disabled?please advise ?  

We are having issues were the same Work Tasks are reposting over and over and will not go to Final Posted status. We found this because we phased out some account numbers and those same transactions are now going into error status because it’s trying to repost using old account numbers. When we look at a single transaction on the Work Task Transaction screen and look at the Accounting tab, we can see how many times this specific transaction was reposted. It was reposted 30+ times on 6/1 and we don’t know why.  Has anyone else ran into this issue? If so, how did you resolve it? We’re on IFS10 UPD13 but we discovered this while on UPD10

We are using IFS 7.5 and we are closing a shop order. Very simple shop order, issues only from received PO’s sitting in project inventory, no material burden, no labor, no standard plan parts. Assume the value of the purchases is 100, the cost of the bacflushed items is 100, but when the shop order is received and closes the OOREC transaction shows a cost of 110. The system then creates a negative & positive entry (SOMTRLV- & SODIFF+)  to bring the cost back to 100 so in the end it self corrects. My question is where does the system get the cost of 110 from ? We had no unissuing, or unreceiving, or cost revaluations, and the costs of the components were the same when we received and closed the shop order as they were when we issued the component parts. To my knowledge we hadn’t fiddled around with the quantities of the components in the shop order. The system is finding an additional cost of 10 from somewhere, but I have no idea where.  What costs does the shop order close c

Our IT department are trying to install Business Analytics for a new user but are coming up against error due to the certificate not being trusted. - Screenshot attached.  Is any one aware of any issues?  We are on APP 9. 

what are the steps for enabling the supplier electronic payment and what are the advantages of using that.

we need to add list of vendors to expense sheet page ticket tab;what shall i do ? 

how to access and download payment files generated in IFS Cloud 21.1 ?Raised on behalf of ticket CS0077761

Dear Experts,Appreciate it if you could guide me with regards to the steps that I need to follow to import Customer direct remittance using CUP_REMADV (EDI Remittance Advice Customer Payments) template. 

Customer payments via credit cards are not offsetting against the invoice when using the credit card interface.

How does a Non-Supplier Payment get allocated? I’ve tested one which has pulled through onto a BACs run fine, but when acknowledging the payment run i get an error because of this? I thought having the payments value and coding entered in the Non-Supplier Payment screen would act as allocation?

In Apps9 when working with the Consolidation Period Balance Analysis one of our users is asking if the ‘Account’ field can be enabled with a ‘Sum’ option. Currently it has ‘Group’ and ‘Sum’ available. Other fields within the same menu have ‘Group’, ‘Sum’, ‘Avg’, ‘Highest’, ‘Lowest’ and ‘Count’.  Does anyone know if the ‘Sum’ option is available for the ‘Account’ field and if so how to enable it?Thank you