Finance (Financials)

This will include the questions related to Financials.

  • 4,274 Topics
  • 11,764 Replies

4274 Topics

D
Do Gooder (Employee)
Devindya SathsaraniDo Gooder (Employee)
asked in Finance (Financials)

Functionality of invoice property codes

What is the business/functional usage of Invoice properties ?Once they are entered on property code window of Supplier and Customer, where those could be subsequently viewed or queried ?

3
cperdue
Hero (Partner)
1 year ago
Link
Superhero (Customer)
LinkSuperhero (Customer)
asked in Finance (Financials)

Company creation logs

Dear community,my colleague created a new company with the assistant. He got the following error message because he didn’t had the permission to see the company creation logs. How can we see these logs?  

3
Y
Superhero (Employee)
1 year ago
F
Do Gooder (Partner)
FekSebasDDo Gooder (Partner)
asked in Finance (Financials)

Payment files to Kyriba

Hello, Could you tell me if IFS is able to send files for supplier payment in the format expected by Kyriba?Best regards

3
T
Do Gooder (Customer)
5 months ago
O
Do Gooder (Customer)
old_lady_FSDo Gooder (Customer)
asked in Finance (Financials)

Financial Statement separation within one GL company

As a global company, we are trying to eliminate as many separate GL companies as possible but maintain the ability to separate out Financial Statements for Tax Reporting. Any suggested solutions on how to have two separate (views or actual) Financial Statement reporting options on one GL Company?

3
cperdue
Hero (Partner)
1 year ago
A
Sidekick (Partner)
ATarBPTSidekick (Partner)
asked in Finance (Financials)

Intercompany AP/AR Netting/Offset

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

3
A
Sidekick (Partner)
1 year ago
N
Hero
Nagah.khaledHero
posted in Finance (Financials)

Upgrade from IFS9 to IFS10

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? 

3
cperdue
Hero (Partner)
1 year ago
J
Hero (Employee)
Janith BandaraHero (Employee)
asked in Finance (Financials)

Supplier Invoice Workflow

Topic raised on behalf of case G2339508I would like to experiment with Supplier Invoice Workflow, but not sure we have it installed.  1)  How can we tell if it is installed?2)  Where can I find instructions for installing it?

3
J
Hero (Employee)
11 months ago
R
Hero (Customer)
ronhuHero (Customer)
asked in Finance (Financials)

Wrong Supplier Invoice Posting Authorizer

Community, We have a weird situation here. for one particular supplier, any posting proposal assign rule is not working for this supplier, it will always set one particular group of users to be the authorizers, which is not correct at all.do you experience the same? if you came across it before, then I will share the basic data with you to drill down more.Thank you.

3
R
Hero (Customer)
1 year ago
P
Do Gooder (Customer)
PeterGostlingDo Gooder (Customer)
asked in Finance (Financials)

Default Depreciation Method When creating a New Object/Asset

I am pretty new to IFS, still getting a full understanding of all the connections within it.  My question is, our company is going from SL HY dep to SL BP depreciation.  So, obviously, when creating a new object/fixed asset, it defaults to SL HY depreciation method. Where is the proper place for me to update this default method to SL BP when a new object is being created, is it under the object group > Dep Method and Books?  Or is there a spot under Basic Data Fixed Assets where I can just check a box (which my coworker thinks but we couldn't locate it)? If I change the dep method to SL BP under the object group does this affect all of the previous SL HY depreciation objects once I switch the method?  Or does this just change the def dep method moving forward on any new objects being created?  As I said I am pretty green with IFS, last thing I want to do is make a change and blow the whole system up lol.  Any help or direction would be greatly appreciated, thanks!!

3
P
Do Gooder (Customer)
1 year ago
S
Sidekick (Customer)
SMcLeesSidekick (Customer)
asked in Finance (Financials)

End of Month payment terms

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)?

3
E
Sidekick (Customer)
6 months ago
V
Sidekick (Partner)
VCook
asked in Finance (Financials)

ISO20022 with Payment method CHK - how to set check number

Hi,We are using the ISO20022 payment format with BOFA in the U.S. and will require ability to send supplier payment instructions to the bank for ACH, Wire and Check payments in the pain 001.001.03 format.  We are on Apps 10 Updt 13. I have successfully configured and tested the CHK pmt method in the supplier basic data, however, I cannot find the link to instruct IFS to provide the next check number from Payment Document Series.The required XML tag is <ChqNb> but I cannot get the system to generate this check number.Does anyone have guidance on this topic?Thanks,VC

3
V
Sidekick (Partner)
1 year ago
K
Hero (Employee)
Kanishka MadushankaHero (Employee)
asked in Finance (Financials)

Aurena Accounts page, display more than 24 rows

Customer is expecting the functionality in Aurena Accounts page, display more than 24 rows. This functionality available in IFSCLoud version.Is this something can bring it in APP10 version? 

3
N
Hero (Employee)
1 year ago
M
Do Gooder (Employee)
MaxDo Gooder (Employee)
asked in Finance (Financials)

Pre Posting on Invetory Stock

Good Morning Everyone,I was curious to know about pre-posting on inventory transactions. As you may know, you can affect purchase requisitions and purchase orders to a speicific project / cost center / site /BU. However, when receiving the products (register arrivals) or create a manual supplier invoice from these POs, if they are linked to inventory parts, they do not consider pre-posting on postings M10 and M18. You have to set these up manually because business events say they do not consider pre-posting :However, these cannot be changed as system events hardcoded. My questions are the follwoing ones :Why would the system prevent us to keep track of pre-posting on inventory transactions whilst we are allowed to do so on non-inveotry ones ?  How can we by-pass that and what is the best practice to keep track of pre-posting ? Because control types on M10 and M18 are rather poor.Thanks in advance for your help and answersMax

3
A
Hero (Customer)
1 year ago
A
Sidekick
Abid MujawarSidekick
asked in Finance (Financials)

previous query auto save

Hi,even after clearing previous query by deleting, it is appearing again. can anyone help me. 

3
A
Sidekick
1 year ago
A
Do Gooder (Customer)
andrei.borromeoDo Gooder (Customer)
asked in Finance (Financials)

Why did depreciation stop on an Object?

Hello I have an object / asset , 2021-33 that was activated in October 2021.  In November 2021, a manual entry was entered to adjust the value of the asset.   After this, it stopped depreciating. When we run a depreciation proposal, we get this message in the log:  I would appreciate any help on how to correct this and get the object to depreciate again. Thank you.

3
Ralph Gericke
Hero (Employee)
1 year ago
R
Hero (Customer)
ronhuHero (Customer)
asked in Finance (Financials)

Cost Elements for Overhead Triggers 141-Purchase Del OH Trigger 501-Material Overhead Trigger 502-General Overhead Trigger 601-Sales Overhead Trigger

Community, Do you have experience in using below triggers, if you do, can you share it with me?  Cost Elements for Overhead Triggers141-Purchase Del OH Trigger501-Material Overhead Trigger502-General Overhead Trigger601-Sales Overhead Trigger Thank you.

3
cperdue
Hero (Partner)
1 year ago
F
Do Gooder (Partner)
FajarDo Gooder (Partner)
asked in Finance (Financials)

Transactions are not included in currency revaluation calculation

I have a client that would like to run currency revaluation for month end closing. The client has new payable accounts and the transactions in manual supplier invoice were in foreign currency. However, after running the calculation for currency revaluation, the transactions of the new accounts were not included in it.  has anyone experienced the same issue or  any suggestions? 

3
F
Do Gooder (Partner)
1 year ago
Aleksandra W.
Sidekick (Employee)
Aleksandra W.Sidekick (Employee)
asked in Finance (Financials)

Customer Payment Rollback

Hi,I am in the Customer Payment Rollback window in IFSAPP10.For Payment Series: CUPAY, Payment Type: Customer Payment when I RMB on the line I can Rollback Complete Payment or Rollback Partial Payment when the Rollback Status is “Not Rolled Back” For Payment Series CUPAY, Payment Type Customer Automatic Payment when I RMB on the line both Rollback options are “greyed-out”.  Anyone knows why? Is the Customer Payment Rollback possible only for certain customer payment types? Regards,Aleksandra

3
A
Hero (Employee)
1 year ago
R
Hero (Customer)
ronhuHero (Customer)
asked in Finance (Financials)

system not flag the different supplier when doing supplier invoice, a bug?

Community, Wondering whether it is a bug when the PO number is changed in posting proposal window. screenshot attached.when we change the PO number in posting proposal window, even the PO supplier number is different from what it is in the posting proposal window, system is not able to flag this change, is it a bug? Thank you.  

3
R
Hero (Customer)
1 year ago
M
Do Gooder
mpmysightDo Gooder
asked in Finance (Financials)

Invalid LOB locator specified

Anyone that can shade some light on…  I get the error trying to run a (scheduled) report for a particular account.

3
Marcel.Ausan
Superhero (Partner)
3 months ago
K4uLinalM
Sidekick (Partner)
K4uLinalMSidekick (Partner)
asked in Finance (Financials)

Postings M120 et M137

Hello, Could you please explain to me when the M120 and M137 postings are triggered? Thank you, Lina

3
cperdue
Hero (Partner)
1 year ago
J
Do Gooder (Customer)
Jeaneane L.Do Gooder (Customer)
asked in Finance (Financials)

Latest Purchase Cost to Standard (Cost Set 1) Process

Hi all,We went live in January and when we did so estimated material cost was migrated in from our old system and Cost Set Two was calculated using estimated material cost and then copied into Cost Set 1 to set the standard. We now want to base our standard on the latest purchase price.I think I may be misunderstanding the IFS flow for latest purchase price to standard. I am working in Aurena. I thought it was as follows:Calculate Purchase Costs (I am basing on Latest Purchase Price), this is under Warehouse Management-Financial Control Update Estimated Material Costs, this is under Warehouse Management-Financial Control All Parts Cost Calculation (selecting Cost set 2 and selecting Copy Estimated Material Cost), found under Engineering Costing Copy Cost Set to Cost Set 1 (Selecting Cost Set 2), found under Engineering Costing If anyone could map out the steps if this is incorrect that would be wonderful. Thanks, Jeaneane 

3
S
Superhero (Customer)
1 year ago
R
Sidekick (Partner)
Rasmus RaulSidekick (Partner)
asked in Finance (Financials)

Cash account per supplier

Is it possible to set up a default cash account per supplier? This function should be usefull in the view “Supplier payment proposal”, so the proposal will get the specific cash account from the default cash account on the Supplier. The manual solution is now that i change the Cash Account in the view “Supplier Payment Proposal Details”.  

3
cperdue
Hero (Partner)
1 year ago
H
Do Gooder (Partner)
HoiTharaSDo Gooder (Partner)
asked in Finance (Financials)

Import Lease Opening Balances

Hi,This is related to import Lease Opening Balances functionality. Asset is in Registered status and Asset type is Right of Use. Lease Contract is in Active status. But I am getting an error message as “No further acquisition possible for the Asset ID ". Please help with this.Thanks,Tharanga 

3
H
Do Gooder (Partner)
1 year ago
Kalhari Dissanayake
Hero (Customer)
Kalhari DissanayakeHero (Customer)
asked in Finance (Financials)

Missing customer Payment Format BoE Collection Remise de LCR

Dear Team, Customer is currently implementing IFS in their branch in France.It was noted that the payment format Bill of Exchange collection (Remise de LCR) is missing in IFS, but is needed for customer branch. "The electronic payment format for customer “Bill of Exchange collection” according to the French National Banking Committee standard "CFONB160" (see screenshot below) is not supported by the standard and the country pack.This electronic payment format is still widely used today in France by banks and IFS customers. Could you please advise us on how to obtain this electronic payment format?The answer to address the concern is When it comes to the GET French functionalities, customer is referring to a functionality that is no longer available in App 10 anymore. The reason is "CFONB160 has been replace by SEPA Payment format where you can utilize the SEPA payment functionalities in order to carry out the same requirement. Requirement;Instruction how and what to "utilize the SEPA p

3
C
Do Gooder (Partner)
10 months ago

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