Skip to main content

Finance (Financials)

This will include the questions related to Financials.

  • 5,432 Topics
  • 14,340 Replies
5432 Topics
C
Hero (Customer)
chajashHero (Customer)
asked in Finance (Financials)
Posting Parameters - Create Posting at Invoice Entry

We are upgrading to Cloud from Apps10, and found while testing functionality that we could not post a Manual Supplier Invoice without unchecking this box. (it was checked in Apps10 and did not have this issue)Just want to make sure that there are no unforeseen repercussions to unchecking this box.We do not use posting proposals...and post each invoice as it is created. 

802
lisvse
Hero (Employee)
S
Do Gooder (Customer)
Stephen GDo Gooder (Customer)
asked in Finance (Financials)
Customer Invoice, Payment Term Base Date

Hi, Does anyone know a way of making the Payment Term Base Date on a Project Invoice automatically equal that of the Application Date on the Application for Payment?ThanksStephen

100
S
Do Gooder (Customer)
B
Do Gooder (Customer)
boomonidamoDo Gooder (Customer)
asked in Finance (Financials)
Negative Fixed Assets

We are importing the fixed asset subledger into IFS for an entity that has an Asset Retirement Obligation (ARO) asset with a negative balance.  The asset came to have a negative balance after a valuation adjustment at the end of 2022.IFS does not allow you to import a negative cost or a positive accumulated depreciation resulting in a negative balance on an asset.Does anyone else have an issue with ARO objects having a negative balance and how are these dealt with in IFS?Thanks,Monique

114412
J
Do Gooder (Partner)
K
Do Gooder (Customer)
kamjasonsabinoDo Gooder (Customer)
asked in Finance (Financials)
Direct job for difference

We recently upgraded from IFS 8.1 to IFS Cloud 2023.2.2.In 8, we had the ability to set a shop floor employee job for difference as an indirect operation or a direct operation.  In IFS Cloud, we do not see a place to set a direct job for difference, only indirect.Has this functionality been completely removed with intent, or was it moved?Is anyone handling this situation differently? Screenshots of IFS 8 and IFS Cloud pertinent screens attached.

110
K
Do Gooder (Customer)
S
Do Gooder (Partner)
Sundara.AlagesanDo Gooder (Partner)
asked in Finance (Financials)
Round off Issue in IFS for AFP Retention Calculation

When creating AFPs with retentions, it has been observed that the retention percentage does not always calculate correctly. This creates issues when we receive payment certificates from customers, as we are unable to match the values accurately.For example, in a contract with a value of £75,542.08 and a 5% retention, the expected retention amount should be £3,777.10. However, the application calculates the retention as £3,777.16, resulting in a 3p discrepancy when releasing the interim retentions.Could you please provide guidance on how to resolve this issue? It may cause problems with customers when paying invoices. 

130
S
Do Gooder (Partner)
K
Sidekick (Customer)
Karolina WowakSidekick (Customer)
asked in Finance (Financials)
MT100 bank payment format

Dear Community,in our company we’d like to implement MT100 bank payment format for payments in EUR. Could you please kindly advise where to define that the cost of such payment should on our side - ‘OUR’ identifier. I cannot see any place for such info in the Electronic Payment Address. Have you faced such an issue? Do you have any suggestions where to look for? We are also testing the option of Polish Split Payment solution of vat payment in accounting currence. If there are any Polish specialist with experience in this area here, I’d be also grateful for any feedback. Thanks :)

260
K
Sidekick (Customer)
S
Do Gooder (Partner)
Sathmini.KavyaDo Gooder (Partner)
asked in Finance (Financials)
Avalara's product tax code SA070200

After defining a custom rule with SA070200 code in Avalara, is it possible to apply this custom rule to a charge or non-inventory part in IFS? 

130
S
Do Gooder (Partner)
A
Do Gooder (Customer)
agovindarajanDo Gooder (Customer)
asked in Finance (Financials)
Standard costs

In IFS, when labor clocks into a shop order, the cost is derived from the "Labor Class," which is defined in the routing of the part. However, when labor clocks into an indirect job, the cost is calculated as hours worked × standard cost, where the standard cost is defined in HR > Standard Costs. The issue is that these standard cost rates have not been updated in a long time. We are concerned that changing it might impact other accounts or areas within the system.Before making any updates, We’d like to understand: What specific accounts or financial areas would be affected by a change to the standard cost? Are there any dependencies or system configurations that need to be checked before updating this value? I’d appreciate any insights or experiences from those who have dealt with this before.Thanks in advance! 

540
A
Do Gooder (Customer)
A
Do Gooder (Customer)
afl_mpsDo Gooder (Customer)
asked in Finance (Financials)
Stuck on Business Planning Creation

Hello,I’m trying to create a new business plan but I’m stuck in this screen. I have added myself as a Business Plan Administrator. I can’t seem to add a USER GROUP? (e.g. missing + signs) This is what I expect: Thanks!

382
A
Do Gooder (Customer)
M
Do Gooder (Customer)
MaurineSDo Gooder (Customer)
asked in Finance (Financials)
Group Consolidation-Equity Methods

Has anyone used Equity Minority or Proportional Method with Group Consolidation?  If so, can you give me an idea about how this works?  Are there any posting controls that need setup, how the accounting works for each of these methods?  Any help is appreciated.  We are currently in IFSAPP10 UPD21.

270
M
Do Gooder (Customer)
N
Do Gooder (Partner)
NagarjunaDo Gooder (Partner)
asked in Finance (Financials)
Account matching user id dissapearing after few days

Hi Friends,Accounting team proceeded to AR matching, and few days later,, the matching  user ID disappeared. any reason for this?Kindly help 

150
N
Do Gooder (Partner)
R
Do Gooder (Customer)
roger.scoffieldDo Gooder (Customer)
asked in Finance (Financials)
Job Cost Calculation Get Employees Standard Agreements performance

We are experiencing performance issues with job cost calculation. We would be interested to know if we are unique in having the Job Cost Calculation take hours to process 20,000 - 30,000 transactions and if RnD could consider addressing the issue identified with the specific query described below. Detailed logging in a development environment has pin-pointed that half the time taken by the scheduled job opening this cursor:Job_Cost_Calculation_Util_API.Get_Emp_Std_Agreements___"get_rec"This cursor joins to 2 views (rate_agreement_detail_uiv and job_transaction_parameter_uiv) which both do expensive PIVOT WITHIN GROUP operations pivoting data from child parameter tables. Then this query takes the results of those pivoted views and tries to join to them in a complex filter. The job_transaction_parameter_uiv join is efficient because it uses transaction_id directly pushing the predicate into the view. However, the rate_agreement_detail_uiv join does full table scans to create a data set o

310
R
Do Gooder (Customer)
R
Hero (Customer)
ronhuHero (Customer)
asked in Finance (Financials)
Cost Center in Work Center and Labor Class

Community, there are “Cost Center ID”  field in both Manufacturing Labor Class and Work Center window. See screenshot for both windows.My question is, if I had Cost Center ID entered in both below 2 windows, will this value be travelling to GL in the end? in other words, will it be showing up in the GL code string (Cost Centr)?  

532
R
Hero (Customer)
D
Do Gooder (Partner)
ddeckerDo Gooder (Partner)
asked in Finance (Financials)
Business Reporter Writeback on GL Period Budget information source

Hello everyone,Just wondering if anyone knows how to enable writeback on the GL Period Budget information source?  Has anyone done this before?  How is the writeback interface created? 

150
D
Do Gooder (Partner)
C
Do Gooder (Customer)
CBICRUSUDo Gooder (Customer)
asked in Finance (Financials)
Customer Check-Write-off small balance

Hello, We are moving soon from IFS10 IEE to Cloud and I am testing New Customer Check.I am trying to Write-off a small difference, but when I click Finish I receive the message that WO Notice Item already exists.I checked the screen WO Notice Items and I don’t have anything there. Also, I don’t have any WO proposals.What else can I check? Thanks,Cora

381
C
Do Gooder (Customer)
H
Do Gooder (Customer)
Helen SmithDo Gooder (Customer)
asked in Finance (Financials)
Multi Co - Posting Proposal

Hi, We have a new user and have set them up to view posting proposals but the multi company radial button doesn’t appear to be working.The user can get data in each individual company but the multi company doesn’t work.The user is configured in both Invoice Posting Authoriser and Invoice Payment Authoriser. They are configured as a super user and can see the data individually.I’ve confirmed it’s not a permission set issue but I can’t track down what alternative setting would cause this. ThanksHelen

100
H
Do Gooder (Customer)
C
Do Gooder (Customer)
ChotaDo Gooder (Customer)
asked in Finance (Financials)
How to print reminder when not sent by email

In IFS CloudMost customers have a valid email in Communication Method. Some don’t.When printing Reminder, a report rule is set up to send the reminder by email to this customer. But for the other customer, how can i set up a report rule to print the reminder only for customer without email?

451
T
Do Gooder (Customer)
J
Hero (Customer)
JoDeHero (Customer)
asked in Finance (Financials)
Cash discount VAT calculation

When it comes to tax calculation with cash discount in Belgium it works a little different then IFS standard. In IFS there is a setting on company which says “tax reduction on discount”. This option lowers the VAT if the payment discount is deducted. However how the Belgium TAX system works is that you need to amend the base amount of the tax regardless of if the payment discount is used or not. Are there any other customers that have this issue in Belgium? How do you solve it?  

481
J
Hero (Customer)
S
Do Gooder (Employee)
Suchithra FernandoDo Gooder (Employee)
asked in Finance (Financials)
Error when importing external file template STDFRBNKSTAT

Version : 23.1.4External file template STDFRBNKSTAT is used to import standard external CFONB file (file template issued by French banking society)External File Template​​​​A dedicated external file template STATFRANCE has been created by copying standard template STDFRBNKSTATBanking file import has been done based on STDFRBNKSTAT templateExternal File TransactionsHowever lines starting with 04 have not been importedError statement ‘Unpack error’ : “Format de valeur ou symbole décimal non valide dans le fichier chargé.” Meaning format not appropriate Possible root cause:  Standard banking file incorporate alphanumeric values in amounts (eg E on below screenshot).These values are used to determine signs and others information. Below matrix to interprete these values I need some assistance to resolve this issue. 

3847
K
Sidekick (Partner)
V
Sidekick (Partner)
ViitatiSidekick (Partner)
asked in Finance (Financials)
Revenue Recognition Forecast - Link to Project Forecast?

Hi, Is there any link between Revenue Recognition Forecast and Project Forecast? I am wondering that, how Revenue Recognition Forecast updating would be more automatic instead of update POC % / Amounts manually each month / quarter? Thank you already!

90
V
Sidekick (Partner)
Ines
Sidekick (Partner)
InesSidekick (Partner)
asked in Finance (Financials)
create a new external file type

 Hi, I want to create a new external file type, but I can , there is no action avalaible  on the page,is it possible?Thanks 

14239
V
Do Gooder (Partner)
B
Do Gooder (Customer)
BarronJoshuaDo Gooder (Customer)
asked in Finance (Financials)
T1 and T2 postings

Hi All I have some posting controls setup for T1 and 2 that define Code parts A,B,C which seem fine however on the T1 postings for labour i am seeing Code part D being used as well which is correct but i have no posting control in place. Does anyone know if there is any rules or processes that would add this extra code part in ?

282
B
Do Gooder (Customer)
K
Do Gooder (Customer)
KerstinDo Gooder (Customer)
asked in Finance (Financials)
The monthly budget of a finacial project has been doubled

HiWe have allocated a monthly budget of 7,500,- to a financial project. Now we have noticed that for the first three months of the year, the monthly budgeted amount has been doubled for February and March, but not for January. There are actual costs in all three months. Has anyone experienced something similar and knows what it could be due to? We are using APP10, version UPD22.Br Kerstin

80
K
Do Gooder (Customer)
C
Do Gooder (Customer)
Caroline GDo Gooder (Customer)
asked in Finance (Financials)
Change description of code part value

Hello,  I am trying to amend the description of a GL code via code part values. I can amend it and then save it however no-one else can see the change when they run a GL download - it still shows the old description. Am I missing a step somewhere? Thanks

464
C
Do Gooder (Customer)
T
Do Gooder (Partner)
ThishDo Gooder (Partner)
asked in Finance (Financials)
New Financial year open

Can I know how to open a New Financial year opening process for a company? 

251
M
Do Gooder (Partner)

Badges

Show all badges
Terms & ConditionsCookie settings