This will include the questions related to Financials.
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We have customers that will calculate the Payment term discount, e.g. 10% 10 Days Net 30 on the gross invoice amount. I.e they calculate on the total invoice before discounts. How would you do this in IFS? e.g. Total multi line invoice: Units Price Line Total Line 1 Sku1 24 $ 1.25 $ 30.00 Line 2 Sku2 30 1.95 58.50 Invoice Subtotal $ 88.50 Trade Discount (8.50) Invoice Total $ 80.00 Payment Terms 10% 10 Days Net 30 (8.85) If Paid within 10 days $ 71.15
Hi all, Question relating to Voucher type X and Function group X.Customer would like to separate Periodical allocations for Supplier invoices from other periodical allocations.If there are two voucher types for periodical allocations, how could you dedicate one of them for supplier invoices and the other for other periodization?Supplier invoices come as E-invoice via External Supplier Invoices. Is there any other options than use different user ids for Supplier invoices / invoice vouchers and other transactions?
Hi, I have a doubt in the Customer Basic Data. In the address tab, we have the Document Tax Information sub tab.Here we can create multiple lines of Tax ID Numbers for the Customer. My doubt is why can we have multiple Tax ID Numbers for a customer address, if we change supply country or delivery country?So for the example I send attached, if I supply my customer from China, I invoice to a Chinese VAT, but if I supply from Portugal, I supply a Portuguese VAT, even though the delivery location is the same...What is the explanation and logic behind this, logistically, financially and legally? Thanks in advance,Carlos Mendes
I’ve set up new payment terms in IFS for 60 days from End of month. This appears to be calculating 60 days from invoice date and then pushing out to End of Month, anything dated in June is due on 31st August. Is it possible to calculate End of Month then 60 days, for example anything dated June would be due on 29th Aug (60days from 30th June)?
Hi IFS Community! I need your help on a complicated topic. I have many vouchers that are not present in the Project Management module, meaning that some costs are present in Finance but not in Project. All the vouchers are type X.Is this voucher type is only for accounting/finance purposes? All the posting control setups seem to be OK. Many thanks!
How can we know AR Balance in actual sales based on customer invoices on Customer Credit Analysis window?
When a new difference item is created in Mixed Payment, it can be considered as a new sales transaction and hence hitting AR balance and Sales value in Customer Credit Analysis screen.Because mixed payment contains below,(1)AR Balance in actual sales based on customer invoices(2)Amount generated by adjusting the difference.As (1),(2) are all contained in AR Balance and Total Sales onCustomer Credit Analysis window of IFS.So how can we know (1) on Customer Credit Analysis window?
Hello, I need some help regarding AP/AR Netting with my customer.The companies within the group are buying and selling each other goods. Let’s suppose the company A has an AP Balance with company B (1500€) and an AR Balance with company B (4200€).At the end of the month, the AP Balance is offset in a intercompany offset account (Credit) and the AR Balance offset as well in the same account (Debit).So, the intercompany offset account balance is the difference (so -2700€)The netting functionality allows me to offset the same amount in AP and AR (here 1500€), but i would like to post the difference.Is it possible to execute such process in IFS ? Which posting controls are involved ?Also, is it possible to have a different account for each one of the sister companies ? Thanks, Tarek
In our environment in APPS9 we are performing an import of BudgetTransaction using External File Assistant.In one of our companies, this is additive. In other companies all existing lines on the Budget Template are removed, and only the lines in the import file are added.We would like the behavior to be consistent but have so far been unable to locate the parameter or reason for the different behavior across companies.
Dear All,I need to get an check list or document which is consist of all the posting controls and the relevant journal entries for each business scenario. (The general business scenarios) Can someone please share any link relevant for it or any document. Big help. RegardsNaadira
Hi All, I’m raising this IFS community post on behalf of a customer. The customer has raised an issue regarding the unavailability of the RMB option, “Electronic Payment Addresses” for the payment method CHK. Customer was already informed the following explanations through the case. CHK payment method doesn’t have an electronic payment address in the IFS application. This is the reason why this option is not available with the CHK payment method. For payment methods such as, SEPA, BACS, ISO22000, or ACH, this option is available.Customer needs to know the reason why some of the payment methods like CHK are not enabled for “Electronic Payment Addresses” option. Thank you! Best Regards,Geeth
We are having issues were the same Work Tasks are reposting over and over and will not go to Final Posted status. We found this because we phased out some account numbers and those same transactions are now going into error status because it’s trying to repost using old account numbers. When we look at a single transaction on the Work Task Transaction screen and look at the Accounting tab, we can see how many times this specific transaction was reposted. It was reposted 30+ times on 6/1 and we don’t know why. Has anyone else ran into this issue? If so, how did you resolve it? We’re on IFS10 UPD13 but we discovered this while on UPD10
How does a Non-Supplier Payment get allocated? I’ve tested one which has pulled through onto a BACs run fine, but when acknowledging the payment run i get an error because of this? I thought having the payments value and coding entered in the Non-Supplier Payment screen would act as allocation?
Community, would like to borrow your mind here. we are testing external supplier invoice with ABBYY system. ABBYY will send XML files and SFTP to IFS, IFS will call BIZAPI. External supplier invoice is loaded, but there is one issue, invoice document is not checked in. wondering why? please refer to the screenshot attached. Thank you.
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