This will include the questions related to Financials.
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we prepare to upgrade our systems from IFS9 to IFS10;i need to know; is it possible to change the chart of account hierarchy to include primary balance and secondary balance ?exampleorganization contains 3 companies 101, 110 and 120, and in each company there are production lines like101-01, 101-02, 101-03 and 110-01,110-02,110-03we need to generate trial balance and balance sheet on the main level 101,110 and 120and the same report on the sub-level 101-01, 101-02 . . . etcis it possible to use this hierarchy in ifs10 or not?
Hi I want to activate fix asset from manual supplier invoicebefore the fix asset has been set on “investment”After I have posted ( posted auth) the manual supplier invoice with asset on code part object (see below)ENdly, I check , I can’t activate the fix asset and see that user defined values are not automatically fetched ( see below)I just see that the FA IMMO5 is hild from depreciation (see below).I don’t know why I can’t activate it Thanks a lot
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?
Hello We have US assets that will required MACRS depreciation that includes a 168(k) Allowance % of 50%. For example, we have this asset with a 168(k) allowance % of 50% and a depreciable % of 200. Is there a depreciation method from the existing ones below that would be appropriate to use ? Or if there is none, how could one be set up? When I look at some of these methods I do not see a field where I can specify a 168(k) allowance %. Would appreciate any input and assistance on this.
Hi experts,our company is in Germany (EU).We need two tax tamplates to reporting payments - one for Z4 and the other one for Z 5a. Z4 - All incoming and outgoing paymentsZ 5a - Claims and liabilities arising from financial operations with affiliated foreign non-banksIt is something like a sales list. Which tax tamplates can we use for Z4 and for Z 5a?How can we export these lists?
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 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?
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)?
In the Help the definition of the Unmatched Cash Transactions field on the Manual Transaction Matching window says:Unmatched Cash Transactions:The total amount of the unmatched cash account transactions. This should be equal to the difference between the cash book balance and the bank balance (i.e. amount displayed in the Difference field) once the bank reconciliation process is completed for the reconciliation date displayed in the window.Can someone please clarify why the Unmatched Cash Transactions field is not the total of the unmatched transactions displayed once the reconciliation date has passed. ie If I search in the Manual Transaction Matching window for April 3, the total of the 4 rows displayed is -11099.12 (SUPAY) but the value displayed in the Unmatched Cash Transaction field is -18783.12 which is the same as the Difference field. Thanks
Hi everyone,My customer wants to implement 2 charts of accounts in IFS CloudOne will be the Group chart of account (GCOA) The second will be the local COA by country (LCOA) A transcodification table between GCOA and LCOA will be put in place with a 1 to 1 approach and set via code string completion (A to B and B to A)As far as i know,all financials standard queries and reports within IFS Cloud can be reported based on code part A some can also be extracted based on code part B but not all My question is : Is there an existing table of all standard financials Queries and Reports available in IFS Cloud that shows this provision ? Many thanks for your help and happy Friday, Eric
Does IFS offer any smarter process for reconciliation of Supplier Statements? Currently we will export individual supplier ledger into excel and match with the statement provided, manually checking for discrepancies or balance. Curious if anyone had a quicker/smarter process for these that can reduce the time spent on these?
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
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