Finance (Financials)

Hello IFS Community.  My company is struggling with the topic of how to invoice for parts that the customer received in error, did not initially order or was invoiced for, but has use for the parts that they received and wants to be invoiced.  This falls into 2 categories: customer ordered and was invoiced for part A but received an incorrect part B and overshipments: customer ordered and was invoiced for 1 but received 3.  This has become a tennis match between Accounting and the Returns Department:  Accounting says that the proper way to invoice is thru an order but Returns has not identified a workable process to “fake” an order to get the desired invoice.  The only solution so far is to create an order, let it actually ship out the door, and then pull it back with a UPS service interruption.  It is a lot of extra work for something that should be much easier.  Does anyone have any thoughts? Anthony Restek Return Services Coordinator

Hello, Is there any possibility in IFS to define an ADJUSTMENTS accounting period?Most of the business are  having a 13th period  to adjust balances prior to the closing. I tried to create such a period (type Ordinary) and I am getting an error:Date 31-MAR-2022 is already part of another period. Regards,       

I have an issue with customer offset window, when I try to offset some invoices against a payment I'm getting below error. We didn't pay for these invoices and couldn't find this Preliminary Payment ID. Could you please help me on this? Best Regards,Thakshila

I have a migration script, which runs a query and outputs a csv file based on criteria in the screen shot below.It is being run manually at the moment, with the pay_date updated each time.What can i put in the where clause that would be where company = ‘ABC’ and the pay_date = TODAY?I will then schedule this to run on a daily basis to output the days ledger activity

Hi, Can someone provide the details of Printing Profit and Loss account in standard format of IFS.in APP9 and APP10 Thanks in advanceSrichand 

Hi,As a part of mexican localization, UUID number will be sent by tax authority & the same needs to be updated in IFS.In IFS 8, we have the option whereby we can manually upload the xml file to update the UUID number sent by tax authority but I would like to know the content in xml file.Can anyone share the sample xml file or do we have any specific routing rules/transformer with regard to same.

Hi,  How can i find Finvoice schema from IFS? I’m currently doing the mapping for EDI INVOICE, but i couldnt find it anywhere. Much thank in advance if you could help me out.  /Hazel

I am attempting to adjust the net value of an asset using the Change Net Value function in IFS9 (update 16).  When reducing the value to zero in the base currency, the new net value in the parallel currency becomes negative. As a result the following error is preventing me from creating the transaction.Residual value in parallel currency of object xxxx for the event date xxxxx cannot be smaller than zero   The value in the parallel currency appears to be set based on the spot rate, whereas the net value in parallel currency is a blended rate from the various investments/depreciations. Parallel currency for the company is Accounting CurrencyAny ideas on how to work around this?Thanks

Hi all, We are currently receiving the below error message when trying to copy costs.  Please can you help with what is causing this error/how to process? Thanks

Dear, I've add the option Go to Column in an end-user role that i've assigend to a user.Done  that at IFS Base Functionality  When I logged in with this user the option isn't there.How can that happen?

What would consider as the main reason to have naming differences in referring same data in different part of the application?For example, information shows in ‘Customer Invoice Types’ window under ‘Layout ID’ Column is as follows,Same Information shows in "Report definition" window with a different naming, which is "Report ID"What would be the main reason for such naming differences to exist in the application?Is that due to the fact that development had handled by different teams at different time frames during the product life cycle?

I remember I have seen information about the new functionality in the Audit Interface regarding SAF-T reporting in Norway, but now when we need it I can’t find it. Does anybody have information to share about how to set up the data to be able to extract the SAF-T html file to the Norwegian authorities?We are running IFS10, UPD8

Hi,is this already adressed to be fixed or is this something which will not be implement in IFS Cloud?Usually when clicking on the button “Format Specific Information Per Institute” I get redirected to another projections/view where I need to enter crucial basic data in order payments can be processed with this format in IFS….Yet, this is not working: Many thanks for any help!Best regards,Siri

Does anyone know how to change an accounting year- previously ran from July 1-June 30 to a calendar year when there has been supplier invoices with period allocations done for future periods.  The invoices have all been paid, so they cannot be cancelled.  I am not able to delete the periods either because there are already transaction in those periods.  Any suggestions.  Thanks

What is IP27 Tax Currency Profit? why does it trigger?We never encountered this error before but now its not allowing us to post Supplier Invoice

Hi community, I am working from 5 months know with IFS and I like to know what kind of solution do you use for integrate IFS9 to an e-commerce solution? We have a project that starts before my arrival but we have so many problems and I need some advise. Thanks,

Hello,Hope y’all are well and safeDoes anyone know if is it possible to perform a payment of an invoice with a currency that differs from the cash account and company’s currency?Company’s currency: EUR Cash account: USD Transaction: to pay a GBP invoice, with a USD cash account (in an EUR company)Thanks in advanceBest regards

Hi,When I try to update payment status, it does not show me load IDs. How can I update the payment status?  Am I missing some steps or prerequites here? Please advise.Thank You.

I have an asset I want to accelerate the depreciation so that it is fully depreciated by the end of the year, what is the best way to do this in IFS?

Can someone assist with this question raised by a customer -“Are we able to extract data for our fiscal authorities?There is usually a special format, I think a ###.dat file that authorities can read into their system” 

Hi, Do anyone know whether we need to run Year end accounting like - Clear cost revenue balances, Preliminary year end and final year end for Master company for Group consolidation? If yes when it should be performed?Is there any document for standard process around this? ThanksGaurav

Dear All, When I am trying to pull the Trial Balance report from IFS Apps 10, It is showing us an error “Field Instance ID in report Instance may not be modified”. Any idea why it throwing an error.

Hi All,I get below error when running a Interest Proposal. This customer is a inactive customer who does not have a AR Balance. The Address are also set to inactive using valid to date.I am not sure why system validates a customer who is inactive and without any AR Balance. I believe,  inactive customers without AR balance should be ignored when running the Interest Proposal.Does any one know whether there is any way to run the Interest Proposal only for Active Customers.Thanks

When a Business moves from another ERP system to IFS or IFS older version to a new one, what are the mechanisms to move cash balances to the new system?Further, if already moved cash balances (under any mechanism) have any issues, how can those be corrected subsequently using themix payment window?

Hi,Hope y’all are well.I am facing an issue regarding Hedge Contracts. My client has some hedge contracts with banks, to set a fixed exchange rate, for a fixed period, for specific suppliers. I need to register those contracts and attach to specific suppliers in order to use the contract fx rate instead of the updated system one when invoicing.I.e., I need to:Attach the bank agreements with the suppliers To have a “expire” date in those agreements The agreements must automatically fix/set the fx rate in new invoicesIf it is not possible to make it automatically, at least set the fx rate per supplier. Does anyone know how to do it? Any similar issue? Thanks in advance Any thoughts?  Thanks!