Finance (Financials)

Good Day in our company, we are using the mixed payment for both customer collection and supplier payment;user have to create the payment manually.we need to create the supplier payment  and customer collection automatically in the payment page and  posting it after the approval of Mr. Xwhat shall i do to implement this requirements.    

Hello All, While printing the customer invoice getting the below background job error invoice is in preliminary statusPlease help mePrinting Invoice No 729644 cannot be processed. ORA-20124: Error.NULLVALUE: Field [CURR_AMOUNT] is mandatory for Inv accounting row and requires a value.    WARNING  

Have any of you faced below error when trying to create a payment order including an invoice connected with payment format CAMT53?  Thank you,Vindya. 

Hello Ifs Community,I’m Jozsef Potha and work for UBM group as an project manager.Our company plan to implement purchase charge processes (transport cost). We use App8 version. All the line will connect to the purchase order line. When we order the goods from the supplier at this time we can’t have any information how many freight will be.Our forwarder will make invoice per delivery. Right now we can not fix, match more then one invoice.Is there any modification regarding this function in the App9 or App10? Do you have any information?Best regardsJozsef

Can a Multi-Company Voucher be entered if I am not a user connected to or in any user group in the due to company?Scenario: If I am in company 100 and want to enter a MCV from 100 to 110 and I’m not in any user group in 110 can I still complete the process? Thanks A

Hi, We are looking for a third party software to help us to print paper checks for payments to supplier.  Basically, the software would control not only the layout and design but also receive the data from IFS when printing the checks. Things like MICR data, bank information, and signature would be held in the third party software and IFS would provide payment data using the standard report.  If you are using a third party software for AP check printing do you have any recommendations? Thank you.

In Apps 9, is there a way to run dump or report of wire payments for a given time period in IFS? I can easily dump the supplier check screen by created date for checks, can use the payment file trace information screen for ACH payments, but can’t find anything that reports out wires. We create supplier payment orders with a payment method of wire, but lose all history of those payment orders as soon as they are acknowledged in a mixed payment.  This is something we are asked for by our auditors at end of year. 

Hello,  Is it possible to add value (to change the future acquisition value) in an object with Investment status? E.g.: If we’re some building under construction, we’re paying instalments and by the time of activate the fixed asset object we want the acquisition value to be the full amount. Thanks in advance

When I create the Tax Clearance voucher I want the voucher to clear my tax accounts (code Part A) and also post to one of my other code part values. I can get this to work for the TCP1 posting control i.e. where the balance is posted to, but I can’t get the automatic transactions (the clearing down of the tax accounts) to post to another code part.  Can anyone help please?

Hi All,We are getting this error ‘ You cannot change the status on this period 4 it exists in Period Allocation table’ when trying to close this period. We are getting the same error when we using IFSAPP credentials as well.Do you have any idea why this error coming and how to fix this?Please advise me.Thank you.  

Raising on behalf of the case G2294153 -  Are there any templates prepared for the MOSS reporting in the IFSApplication10? EU legislation – common system of VAT – Mini One Stop Shop (MOSS) When providing electronically provided services, telecommunications services and radio and television broadcasting services, the place of performance is moved to the place of the recipient of the service. The service provider must to declare the tax in the state of the recipient of the service, and the related VAT obligations. A special regime of one administrative place (so-called Mini One Stop Shop - MOSS) is for taxable persons who provide these services cross-border in the EU.The simplification is that a taxable person who will use this scheme will not have to register for VAT in each individual EU State where the service has been supplied, but will fulfill his VAT obligations through only one EU State. The tax administration of that EU State will then collect, record and pay the tax collected to

I'm facing the following challenge and much appreciate any Advice on a possible solution.FIXED ASSET CREATION AND CAPITALIZATION VIA THE NO PART INVENTORY METHOD WHERE THE PURCHASE GROUP IS CONNECTED TO THE OBJECT GROUP AND THE OBJECT SERIES IS DEFINED01) When I create a PO with 10 (No part) Quantity and receive 4 the Per Unit Cost is not Attributed to the Quantity Received. Instead it Apportions as Follows - (Received Quantity Value/Total Quantity Value)* Per Unit - This is mentioned as Per Unit Cost- FA Object ID is created for Total Quantity (Even if the PO is Partially Received)- This is Wrong due to- System is not implying Per Unit Cost to the Quantity Received - Count wise it is wrong where the System is creating 10 Unit IDs when actually we have received only 4I feel this is a Bug. If it is not Do we have an Explanation to justify this?Further when we are mapping FA with the No Part Inventory then how can we Capitalize the Charges the FA Objects are attributed to. ( When the FA

Is there anyway in IFS to determine the parts and value of WIP at subcontractors?  Our finance group is being asked by auditors to substantiate the value in our GL account for subcontract WIP.

Is there anyway to perform, Fixed Asset Revaluation?

Hi,I’m trying to create a manual voucher because I want to cancel an Approved voucher using a manual voucher. But when I try to use same accounts in Approved voucher, I’m getting this error.How can I grant permission for an account for manual booking as well.Is it possible to change Account and is it okay to do that kind of change?Please advise me.Thank you in Advance.

Hi there ,For a customer (using IFS8) I want to add for SEPA Pain 001.001.03 (CORE) in ‘Specific Info per Payment Institute’ but only 001.001.02 (CORE) is available. I understood that there is a bugfix available at IFS but I do not have the bugfix number.. Would appreciate to receive it, hopefully someone could provide it?thx in advance!Regards,Martin Broekman

Hello,Can you please share any knowledge on importing budgets in CLOUD21R1Thanks very much

Hi All, A customer has raised a question is regarding Indian MCA Law. What is the solution in IFS Application regarding Audit Trail features as per MCA Mandate?Which transactions are considered for Audit Trail features?  

I have activated the Rotatable Pool Object. But it showed on-hand quantity and available quantity in the inventory part in stock(Inventory value not zero). but, I do not need to consider it as an inventory physically, Only as a FA. How to handle this, please help me.

HiWhen post manual suppler invoice, system show this message? how to fix this?PO Line connect to the FA Object (Fixed Asset Rotable)FA Object status - Activated.  

Hi, I am fresher and new to IFS can you please help me to understand the finance module or there is any details documentation so that is will be easy for me to understand the workflow. 

Hello I would usually run the report below which is a 12 month income statement.     However there is a an account that doesn’t show, account 8060, which is a new account that was created to replace account 8055.  There has been activity in account 8060 so it should be a part of the income statement.    Would anyone have an idea of why the account is not showing in the report and how to fix?  Any assistance would be much appreciated.  

Is there a guide to supplier setup within IFS to help facilitate 1099s? I see in the Supplier Setup where a TAX ID can be entered, but am wondering if there is a way to indicate that they are eligible to receive a 1099? In other ERPs used in the past there was a box you checked to indicate the supplier should receive a 1099, then at year-end a report could be run for all 1099 eligible suppliers with the total spend for that year making the creation of the 1099s much easier.  

Hi, we have the requirement to use ISO code XI for intrastat trade reported, coming from Northern Ireland. Is this code been implemented as ISO code in IFS? Also the code for UK (ex Northern Ireland ) XU, can be used instead of GB. From what we understand only Northern Ireland (XI) is to be part of the Intrastat reporting with other EU members, so the code is needed. Any fix for this to install?Guidance on the Use of GB and XI codes (Annex B) (europa.eu)

Hi All,One of our customer required to combine 2 companies and continue business in IFS as one company. Do anyone have check list or any related document supported on this. Eg: What areas should we looking for?Best RegardsNarmada