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Finance (Financials)

This will include the questions related to Financials.

  • 5,431 Topics
  • 14,340 Replies
5431 Topics
T
Sidekick (Partner)
ThejSidekick (Partner)
asked in Finance (Financials)
Connect Advance Manual Supplier Invoice to final Manual Supplier Invoice

Hi Experts, I am trying to match advance supplier invoice against final manual supplier invoice via the RMB option of Manual Supplier Invoice screen. However, I am getting below error. But, the advance invoice is not connected to another final invoice. Please assist me to resolve this error.  

1263
A
Hero (Customer)
B
Sidekick (Partner)
BRSASidekick (Partner)
asked in Finance (Financials)
Terminate Lease Contract error - Negative liability

Hi Having a problem of terminating a lease contract.Lease liability is negative, as the value of the liability was to low, by the time of entering the contract. After doing the final payment, the value has gone negative and I can’t find a way of solving this or adding more liability to the contract. What to do?  Kind regardsBrian Sandfeld

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B
Sidekick (Partner)
JJäthing
Hero (Partner)
JJäthingHero (Partner)
asked in Finance (Financials)
MXP_CAMT

Does anybody have a manual showing how to enter data into an MXP_CAMT file?

370
JJäthing
Hero (Partner)
B
Do Gooder (Customer)
BarronJoshuaDo Gooder (Customer)
asked in Finance (Financials)
Final Year End

Hi all looking for some help. I am trying to do the Final year end and have run all previous steps, however when i go into final year end the from and to accounting year has nothing available to select. Im trying to transfer from 2023 to 2024 but there is nothing available.Any ideas on what to check ?

1072
Ralph Gericke
Superhero (Employee)
T
Sidekick (Customer)
TaMaSidekick (Customer)
asked in Finance (Financials)
Tax code change (VAT rate)

Hi,In Finland the common vat rate will increase on 1.9.2024.I have created the new tax code 25,5 valid from 1.9.2024.Because I have set valid date 1.9.2024,.IFS does not allow us to change the Tax Code to Supplier basic data today, because the valid date 1.9.2024.I can’t change the valid date from either.we have usedHow to solve this? terveisinTarja

1583
T
Sidekick (Customer)
J
Hero (Customer)
JannetteCHero (Customer)
asked in Finance (Financials)
Business reporter write back

Hi,I am hoping someone can help as I am new to using BR and the writeback facility.I have made a change to a report - added 2 new columns and now the write back does not work.  I am getting the following error. Any help would be great.

812
J
Hero (Customer)
L
Do Gooder (Customer)
lashleja49Do Gooder (Customer)
asked in Finance (Financials)
Manual Supplier Invoice Payment Term Matching to Payment Schedule

IFS Cloud Web version: 23.2.4.20240306160416.0Hello,We received a request for a PO with payment schedule as follows. Manual supplier invoices are sent for each payment event.30% down due immediately at PO issuance, 60% down due immediately before shipment, 10% Net 30 after PO receipt.I understand that we would use payment schedule in order to structure the payments, however we want the payment terms to automatically populate on each manual supplier invoice-i.e. advance invoice for 30% down has a payment term of due immediately, and final invoice for 10% has a 30 day due date. I can only see that payment term on an invoice is either inherited from PO header or Supplier - is there a way to specify automatic payment term inheritance on a manual supplier invoice?

920
L
Do Gooder (Customer)
T
Do Gooder (Partner)
TecChidaMDo Gooder (Partner)
asked in Finance (Financials)
Supplier Payment through Mixed Payment by External File Upload

Hi,We are having a requirement to create Supplier Payment (Advance payment for Multiple Advance invoices against various suppliers) through Mixed Payment through External File Template.This is required for migration of open supplier advance balances during rollout.Can someone please help me with the basic data required, creation of File type and execution of the same through external file assistant.Thanks in advance.  

1161
T
Superhero (Employee)
A
Sidekick (Customer)
al-vSidekick (Customer)
asked in Finance (Financials)
Users can't print advance invoice

Hi all, we’re having an issue where users can’t print advance invoices (the users have Full access to the CustomerOrderInvoiceHandling projection).What’s happening: User navigates to Sales > Invoicing > Customer Invoice > <the invoice> User clicks on `Share` button User sees one of two messages, depending on the invoice (which seem closely linked): User <username> is not granted access to the Report CUSTOMER_ORDER_ADV_IVC_REP You are not allowed to execute the Report - Advance Invoice Both of these seem to indicate that the user lacks permissions for the Customer Order Advance Invoice Operational Report. However, I don’t know how to give them this permission - there’s nothing obvious in the Report Definition page for that report that suggests I can give specific permissions for it (I’ve assumed that if users had access to the calling projection, then that was all they needed).Any suggestions?

1542
A
Sidekick (Customer)
IniNaadiJ
Sidekick (Partner)
IniNaadiJSidekick (Partner)
asked in Finance (Financials)
Multiple Tax codes in Manual supplier invoice-

Dear All, Please provide your valuable advice on this:We get following error when processing the manual supplier invoices. (This is generated from the external supplier invoice -E-invoice process)This error occurs when the posting information tax code and the MSI header level tax code is not tallying.(Mismatch in the tax codes)if we manually change the tax codes this can be processed.But currently we follow the “match invoices with new PO receipts” job. Due to the transaction load unable to manually change the tax codes.Please suggest me how to avoid this error and avoid mismatch in the tax codes in the MSI.RegardsNaadira

1531
T
Superhero (Employee)
M
Do Gooder (Customer)
MDEMIRZAIFSDo Gooder (Customer)
asked in Finance (Financials)
Different currency rate taken when PO is cancelled

 Hi IFS community,Need your advice. We have PO (925811) which is incorrectly raised and then has been cancelled. However, after cancellation of this PO, the PO reverse receipt is not done correctly causing incorrect balance for GL account. As per checked, it is due to different IFS taking different currency rate. Below is the screenshot for your reference. Kindly advice why this is happening and how to rectify  GL Voucher 24000057 is a voucher generated after PO (925811) is created. The highlighted is the transactionBelow is GL voucher 24000117 generated upon PO (925811) cancellation. The currency rate is 0.5987 rather than 1 which caused the debit and credit amount calculate differently Thanks,Mirza

362
M
Do Gooder (Customer)
A
Do Gooder (Partner)
AnyDo Gooder (Partner)
asked in Finance (Financials)
Define components in Official document number

Hello community, I am trying to define components in the page “Official Document Number Components” for a company. I have setup on company level the method and the Customer Invoice Creation Method as “Official document number”  but I can’t find the way to add a component in here. Has anyone been able to do it? Thanks and best regards. 

962
T
Superhero (Employee)
M
Do Gooder (Customer)
Mark FungDo Gooder (Customer)
asked in Finance (Financials)
Nothing found for select criteria of current proposal when depreciating by object

Hello IFS Community,We are running into an issue when creating a depreciation proposal by object, but have no issues when depreciating by object group. When creating a new depreciation proposal, under Object Selection, we select Object and use From Object “%” Until Object “%”. After clicking Finish, a new depreciation proposal is created but no object appear under depreciation details. When checking the depreciation proposal log, it says on step 3 - “Nothing found for select criteria of current proposal”. This is unexpected behaviour because there are FA objects eligible for depreciation and they show up when we change the selection criteria to Object Group.This problem also appears when we use one single object number in From Object and Until Object.We are wondering if anyone else have experienced this before or if this is a bug in IFS Cloud (23R2).Thanks,Mark Detailed screenshots below:To demonstrate that objects should appear in the depreciation proposal, we will perform depreciatio

531
T
Superhero (Employee)
R
Hero (Customer)
ronhuHero (Customer)
asked in Finance (Financials)
AP Create Payment Error - You are not authorized create invoice

Community, at below window, I am trying to create payment, but i got below error, what is the setting I missed? Thank you. 

837
R
Hero (Customer)
zuhaib
Sidekick (Customer)
zuhaibSidekick (Customer)
asked in Finance (Financials)
Supplier Payment Processing

I need to process a supplier payment of Rs. 100. However, we need to hold Rs. 10 as a security deposit. Please note that the I.T. WHT (Withholding Tax) should still be deducted on the full amount of Rs. 100.Please provide the solution. 

271
Chanu_Yazi
Hero (Partner)
M
Do Gooder (Customer)
Mark FungDo Gooder (Customer)
asked in Finance (Financials)
Block Approver from Editing a Voucher in Voucher Approval Workflow

Hello IFS Community,We are currently upgrading from APPS 8 to IFS Cloud (23R2) and are exploring the Voucher Approval Workflow functionality to manage the approval of M & Q Vouchers in the system.During our testing, we ‘ve identified a potential control weakness. Specifically, it appears that one user (e.g., Accountant) can enter a voucher, and another user (e.g., Accounting Manager) can add/delete voucher rows or edit the code parts, amounts, date, and text before approving it. This is problematic as the Accounting Manager can essentially bypass the ‘Separate User Approval’ setting which is designed to block the creator of the voucher from also approving it, by simply editing most of the voucher elements before approving it.From our understanding, this feature has been around since APPS 10. We are reaching out to the community to see if anyone has a suggestion to prevent this from happening or if anyone has compensating controls used to mitigate this risk.Thanks,Mark

1562
M
Do Gooder (Customer)
I
Do Gooder (Customer)
IZMJFINNEYDo Gooder (Customer)
asked in Finance (Financials)
Audit Interface - GERMANY GDPdU VAT

Hi, one of our German entities have received a request to run the following reports out of the audit interface assistant in IFS. However they did not give us any clue as to which of “Audit Sources” in the audit assistant matches with their request (see snapshot below). Can anyone help ? Even the native speakers in the company can determine which audit sources translates to the below. It might be better for someone that has been through VAT audits and have IFS as an ERP system. 

2092
Ralph Gericke
Superhero (Employee)
R
Hero (Customer)
ronhuHero (Customer)
asked in Finance (Financials)
How to handle Voucher Entry Error: Currency Balance not zero in USD only

Community, Wondering how to handle this error in Voucher entry. below screenshot shows voucher only not balance in USD currency. Our accounting currency is USD, voucher entry is CAD currency.  Thank you. 

1123
R
Hero (Customer)
D
Sidekick (Customer)
DavidSmileSidekick (Customer)
asked in Finance (Financials)
How to process supplier credit notes if total amount is negative

Hi, Heros,I knew IFS would allow to apply the credit notes if the total amount for the vendor in one payment order was higher than zero, but what about the vendor issues a credit note for whatever reasons and reimburses the money without additional invoice?  Is there a better way to handle negative supplier credit note if I don’t want to use manual voucher?  best,David 

1311
Furkan Zengin
Ultimate Hero (Partner)
IniNaadiJ
Sidekick (Partner)
IniNaadiJSidekick (Partner)
asked in Finance (Financials)
Inter-site -E-Invoice-External supplier invoice-Tax code

Dear All, Requesting your valuable advice on this.We process the inter-site related invoice through the E-invoice process. We were able to generate the external supplier invoice accordingly.The auto generated MSI will contain the multiple lines as per the tax code wise. But we need the one-line item per tax code. (One MSI will have multiple tax codes)  this is due to the government regulations.Is there any way we can group it or tax code wise only in the E-invoice process we need to avoid the multiple line creation in the external supplier invoice.   RegardsNaadira

390
IniNaadiJ
Sidekick (Partner)
Dharshankumaar Mahendran
Superhero (Partner)
Dharshankumaar MahendranSuperhero (Partner)
asked in Finance (Financials)
Possibility of automatic numbering when uploading external invoices

Hi All,I'm looking for the possibility for the application to pick a next invoice number defined if an invoice number is not defined in the external invoice. I tried defining an invoice number series for the External supplier and customer invoices and the system doesn’t accept the upload file when there is automatic numbering.Does anyone know how I can define a detail function on external file template or any other alternative to achieve this? Best Regards,Dharshan.

792
Furkan Zengin
Ultimate Hero (Partner)
N
Do Gooder (Partner)
Nisha GuptaDo Gooder (Partner)
asked in Finance (Financials)
how to generate the dates for invoices with an allocation rule

how to generate the dates for invoices with an allocation rule

582
N
Do Gooder (Partner)
B
Hero (Partner)
bytsophanHero (Partner)
asked in Finance (Financials)
Business Event RETCRE-WIP

Hi ExpertsIn my documentation i have this Business Event RETCRE-WIP. According to my documentation it says, that this event will be triggered when Material from supplier gets scrapped or returned against a credit note. I see that the M167 against M10 will be posted. What is the further process behind this business event RETCRE-WIP? when will the M10 be balanced? Best RegardsSophal

643
V
Do Gooder (Partner)
G
Sidekick (Customer)
GDrysdaleSidekick (Customer)
asked in Finance (Financials)
Question Error when executing CIS supplier verification - Authentication Failure

Hi,We are getting an Authentication Failure when we try to do a Test Transfer for the CIS Verification (from our Test IFS Cloud Database)We have double checked that the Tax Report details agree to the details we see if when we log onto the Government Gateway with the User Name and Password.Any ideas? WE are using our live HMRC Governemnt Gateway User Name and Password. Should we have a test User Name? There is no mention of that in the UK Country Solution Document 23R1.pdfCheers,Graham

1322
G
Sidekick (Customer)
T
Do Gooder (Partner)
TecChidaMDo Gooder (Partner)
asked in Finance (Financials)
Usage of Additional Code Parts

Hi,Is it possible to use additional code parts in the normal day to day business transaction. If yes, how to map the values for the same in posting control and how can we bring this into GL.Can anyone please help on this.Regards,Mariappan C

1272
T
Superhero (Employee)

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