Finance (Financials)

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.

HiDoes anyone know how to setup a global number sequence for project ID? I have tried this - but it is still possible to type in what where I want as project ID when generating a new Project through RMC - new project in the project navigator menu.  

Is there a way to split default customer invoice series so that i may have different series for invoices for Service business and Equipment business.e.g > Service invoice series could be normal “CD” but Equipment business series “EQ”

Hi All,We've got a situation at a customer of us.They have import 2 external invoices. One in June this and one recently.It are 2 different suppliers. Both have send a invoice with the same number,When we serach now for a manual supplier invoce we see the following: The re is no invoice series defined for invoices of Type SX Is this a normal behavoir of IFS? I mean can this happen?Can this led to issues?Thanks in advanced for the answers Regards R.L. Groener 

Is there anyway of putting a block or warning in over invoices dates? We have had issues, usually at turn of year where an incorrect date can be entered, and it would be good if IFS could warn us that an invoice date is xx days old for example or that we are using a date in future which can cause issues also

A user has been getting an error in the Posting proposal screen when she tries to match PO receipts for a part. When I debugged it in SQL Developer I found the error is occurring on this line (inv_net_amt_in_inv_curr_ -receipt_price_in_trans_curr_)*receipt_price_in_trans_curr_/receipt_curr_rate_,base_curr_rounding_ receipt_curr_rate_ is zero but I can’t find where this value is coming from. I have a detailed description attached in a Word Doc. Any help would be appreciated, thank you.

Dear all,IFS-competitors offer a range of solutions to handle Letters of Credits. I am not aware of such a functionality in IFS. How do your customers deal with Letters of Credits in IFS? Any functionality I missed or any tipps or tricks? Thank you! Mattis

HiIn apps 10 update 8, we want to start using Cost Per Condition for some of our parts as we e.g want to valuate refurbished part to 65% of a new part. Are there a way to do this automatically such that a certain condition “REFURBISHED” is always set relative to the standard cost? Also, preferrably the Level Cost Details are also set relative the the cost buckets of the standard cost. BR Kristian

I represent a company where we need single, unified Accounting Currency (USD) in all the IFS10 companies and then using the Parallel Currency for the local currency reporting. As Oil & Gas client we also need to be able to do O&G “Site Moves” which requires an equal accounting currency in all the companies. However, when trying to use a Global Extension (GET) for Brazil as example, IFS will only allow BRL as Accounting Currency. So problem is that from a GET perspective IFS will only allow BRL in Brazil as Accounting Currency, but in order to use “Site Move” across IFS10 companies it requires same Accounting Currency. As It does not make sense to have BRL as Accounting Currency outside Brazil we cannot use Brazilian GET solution as “Site Move” is business-critical and GET is not.  So only option appears to be sponsoring a customisation which caters for GET associated features such as VAT reporting. Any ideas in the community to resolve this without customization? 

Hi all, Has anyone ever tried to pay a Supplier Invoice in a different currency than the Invoice Currency?We have received an Invoice in Angolan Kwanza, but we don’t have a Kwanza account. Now the bank is rejecting a fx. trade upon payment. Therefore we got the idea to pay the invoice in USD instead. Anyone knows if this is possible to trigger from IFS?

I have uploaded a bank statement in error, I cannot upload correct version as I get error stating Bank Statement exists, How do I remove the one uploaded in error?

We would like to create a posting template that we are able to use in Manual Customer Invoice. Is that possible?

Hi,We are using IFS Apps 8.We have the following error with the scheduled job:Period 2020 - 11 is not open for user group XX in Company XXXThe period is closed as part of the month end processing.Finance have a query to look at maintenance postings analysis for those with a booking status not equal to Transferred however this issue is not seen in this screen.Where in IFS do Finance need to go to push this through without re-opening periods?Thanks in advance

Hi, I am new to IFS, my company uses a very old version of IFS...7.5 We are changing banks and I need to add a new GL account and set it up to be able to post supplier payments out of both of our bank accounts, the new and the old. I have searched everywhere that I can think of but I cannot find instructions to do this. I think I have figured out how to add the GL account to the chart of accounts, I have set up a Cash Account and a payment method, I have added a posting control to to hit the correct GL account for the new Cash Account, and I added the Payment institute. I am able to Create the payment proposal, and then the payment order, but when I create the check payment the “OK” is grayed out so I cannot select it… I also tried to do a mixed payment using the new account and got an error that I could not use this account in manual postings. Obviously I set something else up wrong. Any suggestions would be very much appreciated. Thanks,Deb

Why does an invoice not go to finally posted when it matches and balances with PO receipted value? We have invoice that balance, but have to manually add authoriser line and finally post

Hello, Thank you for taking the time to read my question. Essentially, I have a customer that records duty charges (historical fixed values) on the supplier for purchase part which then gets applied to the purchase order accordingly. However, Duty Charges come through as a deffered statement from the HMRC and not as a form of a supplier invoice. These duty charges need to be matched as when the PO is received, the charges will sit with the PO value in the GRNI until it can be matched. The issue is that the HMRC are not providing a full breakdown and only provide a weekly final figure - which is tricky to match against as we don't know which lines need to be matched. Have you ever come across this situation and how the standard process normally work. I would have initially gone back to the actual submissions to the govt, but the customer has a third party logistics company do this for them. Any help would be appreciated :) Thank youMish

When loading a BAI file into IFS, how does IFS distinguish customer invoices from the remitter name in detail record 6, positions 51 - 80( using BAI 80 )?  These positions, according to the functional specifications, list these positions as either invoice numbers of a 15 character remitter name and on 9 digit invoice number.  How does IFS distinguish and invoice number from a remitter name?  In testing we had remitter names showing up as invoices to match.We are using APPS 9

Hi,I would like to add a fixed discount line to a project invoice.How can that be done?I’ve tried to set a negative sales price in the invoicing plan and in the project cost registration, but i doesn’t show up on the invoice.BR Kresten

Dear All, Is it possible to assign a default general ledger to a Supplier?If so how can that be done? Thanks in Advance,RegardsRaymond

Any ideas how this could happen?Normally we run a print/email and this performs following stepsTakes the Prelim Invoice and creates a Final invoice Final invoice is then emailed to the customer where email address is present It would seem, somehow the email has sent the prelim invoice rather than the final.Any ideas how I can stop this happening?

I need to come up with a repo to show management how many times a supplier invoice has matched to a PO. we have issues where people forget to receipt and would like to be able to measure when a user tries and fails to match on first pass? anybody know of anything I can work from?

Hi All, Does anyone has experience with GL vouchers import for DATEV tool format. This is for German Tax Reporting. Thanks

Hi,We are currently on Apps 8 in the UK and reviewing our options when it comes to scanning of supplier invoices Automatically into IFS including the capture of data on the invoice to improve data entry accuracy and make process more efficient.Has anyone else implemented such a solution and if so, are you able to provide recommendations.Thanks in advanceShaun