Finance (Financials)

I already have a company with my accounting calendar starting from 1st Jan. We already have setup and transactions under this company. Now I need to change the accounting calendar from next year so that it starts from 1st Apr. Can I amend accounting calendar of the existing company?

Dear, How can I correct reverse / correct project transactions?We've got a project that was assgend to the wrong customer.  This needs to be corrected.Normally I should say just change the Cusotmer on the porject. How ever for the linked project transaction already a posting exist that already has the status transferred. The goal is to create project invoice  with transactions for the correct customer.Does anyone has an idea how to sove this? Regards Raymond   

Hi All, Has any one faced a situation where GP2 Period Allocation entries not created for F voucher of service invoice?The Periodic Allocation exists for the invoice plan. But update GL process do not create period allocation entries.

Hi all, I’m trying to create a non-supplier payment but I’m having problem on LOV (nothing came out) though when you zoom in there are values.  zoom has values:    

Trying to find some confirmation on advance instant invoices.   I want to add an ‘invoice’ onto the customers account which doesn’t hit P&L etc and is only to track sales during month until the monthly invoice run is processed.  The reason being that they pay us a value each week against sales but we can’t track this against sales until the invoice is raised. I’m wondering if I can raise an advance instant invoice to track what they owe against payments on account in lieu of invoice being raised at end of month

On the company there is a flag under Invoice tab Supplier Invoice workflow that say for Authorisation Parameters for posting proposal to inherit authorizers from Purchase. We have this ticked and yes when you match a supplier invoice to a purchase order receipt it brings across into the posting proposal who actually authorised the purchase order. However if the value of the invoice is greater than the purchase order receipt and greater than the last authoriser it does not bring in the next authoriser within the purchasing rule. Is this the expected outcome of having the box ‘ Inherit Authorizers’ from purchase’ ticked

Hi, Does anyone has Tax Ledger presentation (PPT) or user guides? Thanks!

Hi all,Does IFS have Tax setup guide for each country?I’m looking for guide on how to setup taxes for every country, like in Singapore it only needs GST but in other countries, it require to have many taxes including Withholding taxes or in US it requires taxes by states. Does anyone have this ?Thanks for the response!

Hi community, I am trying to add a department code to some accounts in my template, but the only way that I found, update all my budget template. Anyone know how to enter a fixed code parts (department, Division, etc.) to a specific account without affect all my template accounts? Thanks, Gianni

We have some invoices that are ‘PR’ stage, but we don’t want to print and fully create them at moment. Is there a check box or some way of ‘holding’ this so that it isn’t accidentally picked up in any bulk print run?

I have columns in a specific layout for various transactions. is there a quick way that I can share these layouts so that my colleagues can see information in same order?

I have a customer that has a customer agreement for a part in Apps10:  Part Min QTY Price 1 0 200 1 5 100 1 10 50  If a customer order is placed with three line items each with seperate Wanted Delivery Dates or Addresses with a quantity of 10 shouldn’t the system give them the $50 price?  Customer Order Lines: Part QTY Date 1 5 2/1/2021 1 5 3/1/2021  Right now the system is giving each line item the 100 price instead of the 50 price. 

Is it possible to have an expected payment date anywhere when analysing aged debt? for example we might show £xm as overdue today but we know from customers payment runs that won’t receive payment until 5 days later?

If we add in a Credit Limit review date, does this affect anything? Do we get any alerts to review or does it affect orders etc?

Does anyone know a way to create many new sites in of IFS at once or to quickly create/copy sites?We need this for a legal entity reorganization project. It will take several months of work to set up 88 sites if we do this manually, one at a time. 

Hello Does anyone know if you can change / correct preposting on a Manual Customer Invoice that has been saved/posted?    Would be nice to have the link back to the original entry vs just doing a journal entry to move it between accounts to fix.  Or canceling the invoice and re-inputting it.I can not see a way but just wanted to check.  Thank you!

We receive requests to raise manual/instant invoices via e-mail. Is there any process in IFS that could automate this for us, or have the request come via IFS to be more managable?

Hi all, On IFS10, we are trying to load PAIN002 message (response from Bank on Payments made), however we are getting the error “No API to call...”When we check the standard File Template (PaymentStatusFile), there is no API configured. Who knows where we go wrong?

How do i update GL, is this done automatically or can you force update it?I’m getting a fault: ="There is at least one project transaction that is posted and which has not been transferred to financials."when trying to close a project in and getting an error about unfinished work, i run the “generate unfinished work items” and get this line :)

Is there any way to ‘train’ IFS to learn specific references on bank statement and have them automatically post?

Is there any Basic Data Template available for Financials. Kindly let me know.  

Hi,Does any one has experience with handling JPK (SAF-T)/VAT Reporting for a Foreign Company Registered for Tax in Poland?For example, a company in Norway is registered for Tax in Poland (May be due to triangular trade). And Norwegian Company need to report JPK in Poland.The issue is that the Tax Templates Field Control available for Poland is Country Specific and there those cannot be enable for another country (with standard solution)

Dear community, I have a quick question on the amortisation/prepayment process in IFS. Take this scenario, we pay a supplier for something in period 1 for $1,00,000 and then we wanted a recurring journal to amortise the costs over 5 years, we have been told that this requires the accounting periods to be open or something similar to be able to do this? Does anyone know how you might set up recurring journals or similar, or can you point me in the right direction of any documentation that might help? Thanks, David

Dear colleagues,IFS Applications 8 Installation.We are a UK Fast Moving Food Manufacturing Company who export and import raw materials/finished products.  We are in the final stages of Brexit readiness and have hit a stumbling block with regard to Purchase Charges (import/duty fees).A number of the inventory parts for which we require charges to be recognised at the time of receipt of the inventory are standard costed parts.Please can you advise whether there is anyway the charge can be receipted to a goods received not invoiced account at the time the inventory is received for a standard costed part?If needs be we can set up a separate GL account where the charge can go to if it can not be distributed as part of the inventory part (due to the inventory part being standard costed) however we would still like to be able to recognise a liability for the charge at the point of receiving the inventory, so using either posting control M189/M187 or a new posting control.Any help/guidance wou

We would prefer to have same customer only setup once and then to be used by all companies we have on IFS. Problem is the Order tab, where salesperson and currency can not be differentiated by company. Anyone having experience of using same single customer or do you enter same customer several times?