Finance (Financials)

Dear all, I am trying to understand the logic of the supplier offest proposal. IFS offers 5 options to offset the open items.First question is how does IFS knows which invoices should be offset with which SUPOA. Is it just the amounts?  Here are my results from my testing's, with regards to the options.Match all open items. This is only working, if I enter an extra ordinary “Allowed Difference” amount. Match Single Debit and Credit item: IFS matches the amounts regarding the amounts. Fine for me, that is the way how it supposed to be. Match Single Debit with more credit items: Fine for me, that is the way how it supposed to be. Same as number 2. Match Open Items with common Invoice Reference: Invoice Reference PO Reference Payment Reference

Hello,  I have a question about period end vouchers. My client is migrating from 7.5 to cloud next month. Should the previous period end voucher be done on the new version they will be using then migrated or be done directly on IFS cloud ?  Best regards.

Hi,When we handle customer invoices where the customer has gone bankrupt, we currently use a write-off code.In a mixed payment, the remaining unpaid invoices are retrieved and written off against the write-off code. The write-off code is directed to an expense account—the site and cost center are set to fixed values. This means that all bankruptcies need to be manually reposted to the correct site and cost center.We want the write-off to be posted in the same way as the invoice, i.e., to the same site and cost center that the sales were posted to. In the posting controls, I can't find an option that meets the finance department's request. Has anybody been able to solve this issue?

The company just installed IFS Cloud and I’m trying to figure out the Inter-company invoicing.When I process the invoice, it debits account 12600 (Trade Receivables) but I need it to debit 12700 (Trade receivables from affiliated companies).  

Community, When I was entering a Parked Supplier Payment, I was requested to enter Series ID. then I am using LOV trying to select one value, but the LOV is empty. Wondering where to have this basic data created? 

Im facing an issue now with PO stgaes (on PO lines) where they receive and the Approval both are showing on the sub project navigator. i was trying to exclude the project in the receiving porsing (M197) but the system doesnt allow me to chnage this setting:At the end it sors itself out but befor the last stage is handled its sitting both in the navigator and connected to the project.. were it gives a drop menu...so it looks like its changeble.. anyone has  a sollution or experience with this one?  

We supposed to dispose of a fixed asset to get another vehicle. It means there are no cash proceeds involved, and we are getting a new vehicle instead of old one. However, when we use the sale of object option, we are getting different entries. We couldn't identify the loss of disposal transaction accurately. Actually, we expect below things from IFS.Recognize new vehicle. Remove old vehicles from the books recognize the loss.However, the expected results do not match the current setup of posting controls. Please refer to below for existing posting control set up details and outcomes as a result of motor vehicle disposal. Can anyone advise how to record f

Can a financial project be closed and reopened more than once?  In testing, I’m having issues doing it a 2nd time, wasn’t sure if that might be due to customizations we have done or if that is base functionality to only allow a financial project to be reopened one time.

 Hi Team,I need to download a detailed report that includes acquisition value, acquisition date, status, net value, etc.I tried using the FA object report, but I am getting a null acquisition and net value for disposed fixed assets. Could you please help me understand why this is happening?Thank you in advance for your assistance.  

Hello,  For my external customer invoices, I have a file with multiples invoicing lines but at the posting, I have only one line here is an example as you can see attached below.The posting lines has the same amount wich is the sum of all the invoice item lines What is the best practise of migrating customer invoices with multiple lines regarding the postings ? Best regards

I’ve got a sample report that’s in PDF format that I need to covert into a spec so that we can create the report in IFS.  It would be extremely beneficial if I cold edit that file.  Does IFS have software in its reportoire that allows us to edit?Editing in Work did not give me what I need becuase of the outlines of the boxes that are in the PDF.Patrick

Good evening everyone.Does anyone have any clue how to enable paymen advice sending to supplier email when payment order is created? Is it somekind configuration at payment methods?

Hi ExpertsOne of our Customers asked if there is an default Value setting for the external voucher Assistant? For example: After I start the External voucher Assistant… the next window is loading and the Values must be set manually. is it possible to set the defaults value somewhere? the only thing i see is set the load type as default. What about the User group and Company? 

Hi everyone, We are producing and selling large configurable parts. Depending to the configuration of the product, the Customs Statistic No is not everytime the same. We didn’t found any way to set up this correctly (the Customs Statistic No is fixed for a defined invetory part, on a specific site). Did anyone faced this kind of issue already ? Do you have any advice to deal with this kind of problem ? 

HiWe are looking for a way of dividing the acquisition account in to  acquisition, sale, scrap etc. For financial reporting it is necessary to have this separated and as IFS is created to have these transactions on one account on the balance sheet, it is difficult to split. The transaction codes can be used to some extent, but FAP0, M92/M93 and Manual postings from Supplier Invoices are difficult to handle. Has somebody found a smart way of working with this, without doing manual reposting etc?

Hi All,Needs some help please? Finance Team have scrapped fully depreciated Fixed Assets, but they have posted to the P&L is this normal? have we processed them incorrectly?   We did not expect the entries into the P&L - Would maybe have been okay if same account, but they are not clearing down due to Cost Code and Account details   Can anyone advise?First time we have done this.  

 We are using the External File Template (ExtSuppInv) to upload external supplier invoice file (.csv).We managed to load the file and checked for laod errors and found none. Then, we try to Create Supplier Invoices from the loaded line items. But we received this error message.“Part creation of invoices is not supported for Load ID <#>”. Can you help us figure out what is causing this error message when trying to create an 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.  

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

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

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 ?

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

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.

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?

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.