Finance (Financials)

Dear AllI’m New to IFS  Finance Application.I don’t understand the idea of post type control .could you please explain what is post type and how to control it.I’m using IFS9I need to understand it functionality.thanks

The IRS has added an new tax form 1099-NEC.  We need to get this new form and understand how to set up IFS to get supplier income to report on the correct for and in the correct box.  Current functionality only allows for one 1099-Misc form. Going forward we will need 2 forms, 1099-MISC and 1099-NEC. Has anyone us run into this yet? This would be for Apps 9 and Apps 10 as we are planning to finish our upgrade soon. 

Hi Can Anybody Please Provide me basic of fixed Asset in IFS please,I am very new to this. Regards,Abid

Having a look at at the automatic account matching, but when testing it my background job is returning a warning. How does this process work, how do I know whether to select invoice or PO nummber to match when it is GL entries that have neither?

Is there any good processes available to show AP KPIs? Like number/value of invoices processed/overdue/not cleared etc?

Since recently one of our major customers, have started raising RCTIs and we need to match them with the project invoices we raise in IFS. So far I could not find a functionality in IFS that caters to Recipient Created Tax Invoicing (RCTI). Am I missing something? If it’s currently not available in IFS, is it something that would be considered in the future? Have there been any requests from other customers to have RCTI functionality or anyone here in the forum having such requirement?TIA

We use APPS 10 and IEE.  I am a new IEE admin.   I have a user that is requesting to have a couple of additional columns added to a view.  In this case it is the Fixed Asset “Object Balances Analysis” view.  The Columns exist in 2 other views:  “Depreciation Method” and the Fixed Assets > Object “Estimated Life” column.   The IEE Admin training did not cover this.  I am looking for any good information on adding data (columns) that already exist to other views.Thank you kindly for any info you can provide.

Hi,I want to attache a file into Voucher Entry interface but it showing error“Bad Request” in IFS Application 9

We are running IFS Apps10 UPD8 (planning to go to UPD10).  I’m looking for some ideas on how we can get IFS to support both the Canadian EFT format and the US ACH format for supplier paymentsBackground - we are in Canada.  And the Canadian EFT file format does not match the US ACH format.  The 2 do the same thing, but have different file formats. When we implemented IFS Apps8 SP1+, we needed a way to build the bank’s EFT file to upload to their site for electronic payments.  At that time, the recommendation was to write logic to redirect the ACH selection to our defined EFT format.  We uplifted that code to Apps10 when we upgrade.Fast forward - our finance department now has a need to do both EFT and ACH payments.  Our current solution is an either/or (either EFT or ACH, not both).I’m looking for suggestions on how we could design a solution so thatWe can revert to standard IFS ACH We can continue to create EFT payment files

HelloWhen you try to Cancel and Create an existing Manual Supplier Invoice which is in PostedAuth status there’s a message that appears informing the user that they are not authorized to cancel the invoice.It seems that in statuses other than PostAuth that the Cancel and Create functionality is available.Can anyone confirm that this is the case?ThanksAlan   

Hello,Is there currently any way to apply payments to Customer invoices in IFS using an order number reference instead of the invoice number? Thanks

Hello, is enyone knows how can I make active pre posting on customer order in Activity Seq? 

Hi, How can I add a new authorization role here? Because a ROLE is mandatory in the “invoice posting authorizers”.  Thanks!  

Dear all, After the completion of a project (Financials → Project Accounting → Project) via RMB Project Completion the project isn't transferd to the create P voucher when I look at the voucher detail analysisThe credit amount is booked with the expected transaction GP3. The debet amount however is booked with the transaction PROJECTREPOSTING where the transaction PROJECT is expected. In the setup of the posting controls GP3 is et-up as follow The result of the completion is: Must this be defined at the project groups? Is this then defined for all projects?   

Français:Nous voulons valoriser un encours de services dans nos comptes avec IFS v10.Pour l’instant, nous savons incrémenter (débiter) cet encours avec le contrôle d ‘imputation T1 (le crédit correspondant étant réglé par le contrôle T2), par exemple quand on déclare la consommation d’une ressource sur une tâche d’un Bon de Travail.Mais nous avons également besoin de décrémenter l’encours (par le coût du travail) quand nous facturons le travail effectué au client.Quelqu’un pourrait-il me dire comment faire en IFS V10 ? English:We are trying to get the value of the current Service WIP into our accounts with IFS release 10.The thing we can do currently is to increase (debit) the WIP with T1 posting control (with a credit through T2 posting control), for example when declaring a resource consumption on a Work Task in a Work Order.But we also need to decrease the WIP (with the cost of the work) when we issue an

Hi, The project team has created a new project and cannot connect a line correctly from the invoicing plan. They have created a new line in the invoicing plan table with sub ID, activity ID, report code etc, but the line does not show up in project navigator or project connection.I need it as ‘planned revenue’ in the “revenue” sheet on the activity.The project and activity is released and all dates are within operating periods.What process is missing to connect (or activate/release) the line to the project? BR/Susanne 

Hi All, We had a recent issue where erroneous postings were resulted in Distribution and Manufacturing Postings Analysis, as the relevant accounts had Code Part B as mandatory (which didn’t flow through in this case), . And it seemed that the system had created empty vouchers in Cancelled state for these every time  ‘Transfer Purchase Transactions’ was run (it’s a scheduled task).  I found in the Help for Voucher Entry the following “Vouchers with Cancelled status are automatically created when a voucher transfer from IFS Distribution contains a voucher where all included voucher rows were returned to IFS Distribution due to errors. “ Has anyone come across such scenario? Does anyone know the actual purpose of the cancelled voucher creation that’s actually empty? TIA

Greetings everyone,My colleague informed me that Customer Advance functionality may not be used in Italy.Would someone be kind enough to share experience in finding the workaround ?Thank you beforehand!Bobby 

We have a sweep each day on one of our bank accounts, which for certains reasons, isn’t posted anywhere. Is there anyway I can match this off from an uploaded bank statement without an entry to the bank ledger?

Hello everyone,  I am a new user of IFS 10 and have few questions regarding the process of supplier invoices and possibilities of automation/time saving. At the current situation, we use "external supplier invoices" to register invoice recipient and make sure there are no "load errors" in the invoice, then we go over to "Final Posting Proposal" to fill out the post accounts, project, product number etc.. Are there any possibility to shorten this process and amount of "mouse clicks" here? For example, I have used other ERP systems before where there was only one page with the whole overview og the invoice. Meaning that you could de the tasks in "external Supplier invoices" and finals posting proposal" in one page. Would like to know if this is possible, or if there are any other ideas/shortcuts you think of that could be useful to shorten this process. Thank you!

 The invoice is loaded and created but with error.I suspect the error comes when adding document to load. Error:ORA-20105: PlsqlapServer.ERRPING: No response from MWS server [INT]  

How do I reverse a supplier offset that has been processed in a previous period?

We will be able to report reverse tax on our supplier invoices. We have created a separate Tax Code for that. Since we need to report both Tax Disbursed and Tax Received I suppose this will be calculated tax.There will not be any tax on the invoice (net amount) but we need to add that on two tax-accounts (disbursed and received) when we post the invoice. Off-course we want this to be an automatic posting on the voucher. Which Posting Control will we need to configure? For example: Supplier InvoicePrice: 1000Reverse Tax is demanded We would like the voucher to look like this:Account 4010: 1000Account: 2617: -250Account: 2647: 250  

We have few customer invoices that were cancelled in the system and when we are trying to close the month-end, it is giving us an ‘warning’ about the ‘Customer Invoices in Preliminary status’ in the ‘Accounting Periods’ screen >’ Validation Transactions in Progress’ window. Though we can by-pass the warning message and able to close the month-end, these warnings related to the Cancelled Invoices that were stuck in Preliminary status are showing up end of every month.Is there any solution to clear these warnings/transactions so that we aren’t investigating every month?

Hello,I have this question:What is the simplest or the standard functionality in IFS to manage Supplier Payments to a Factor (another supplier) – so when we are posting a MSI from Supplier A, what is the best way to record information that the invoice should be paid to a different entity (payee) – so when we reach supplier payment proposal or is already with the payee changed (from what was record on the MSI posting) or at lest how we are informed.Main point: how IFS deals with factoring.Thanks for the help.