Finance (Financials)

Hello everyone. I am hoping someone can advise on how we can deal with the situation below. Parent received an order for $100 . Billing will be done solely by parent utilizing advanced invoices as determined by a billing schedule per the order agreement. Subsidiary will work on the order and deliver to the customer on behalf of parent. Of the $100, the parent will recognize $20 in revenue with no costs, and the subsidiary will recognize $80 in revenue with planned cost of $40. Over the life of the project in the subsidiary, it recognizes revenue based on POC. The parent will recognize revenue based on the subsidiary’s POC. When the subsidiary finishes the project and delivers the item to the customer, it will then invoice the parent for $80. Revenue is recognized each month via revenue recognition.In terms of setting this up, my thought is:Parent creates customer order for $100. A manual POC pro

Trying to test Customer Repayment process for some credit balances that occur with some of our customers.I have a payment method set up that I use for the Direct Debit order, and I would like the posting to be the same for repayments (bank, GL Code etc).  How can I attach a new (or the current one already set up) payment method to Customer Repayments?

Hi Team,  Can anyone tell me if there is a way to create a partial credit invoice? against Project Invoice? Now I am unable to create a correction invoice since the invoice was created via AFP. The only option is available to create an entire credit invoice but even in preliminary status we are unable to modify the price or value.

Hello.  I wanted to ask if anyone has ever heard of or implements “manual POC” . We have run into a situation and have heard that “manual POC” may be something that could help. Unfortunately I haven’t been able to get more information on this, so I was hoping someone has an idea about it.

Hi all, we are currently on 23R2 and I was watching this IFS tutorial about bank statement reconciliation.in this tutorial is visible how you import camt053 and automatically match and create mixed payment. We are not using camt.053 but mt940 (or transformed version to xml). Is there any tutorial which show how to import xml (or mt940)? and automatically reconciliate bank statements? Thank you for help.Pavel

I am trying to upload remittance advice data from a text file.  I have created an external file template off the ExtCustPayment file type.  When I use the External File Assistant to upload the file, I get an error about Payment Method (Way_Id) cannot be null.  It is not null and I can see it has data in the External File Transactions Detail page.Payment Method Mandatory Error, but has dataI am not sure if it is just a bad value (thought I did get the value from the dropdown list on the External Payments dropdown for payment type) or if it is not recognizing that there is data in the field.We are using IFS10.In case it is needed, here is the File Template build I am using:

Hello to the community,  NB : I have 2 templates for customer payments, one where the account number is a default value on template +  default value on message code set as well and when I use this one, payment is uploaded successfully. I copied this template and created a new one where there is no default value on account number so I can fill it in the imported document and I get the same error message everytime saying the system did not find the short name for the payment institute named SOGE.  I think there might be something missing in the external payment parameter regarding the payment institute but I can’t figure out what exactly. Here are some screenshots of my external payment parameter : 

 Hi All,Core Environment – 22R1We encountered the below error while changing the payment method to a different payment method other than the default, in the Payment Order screen.Create a Manual Supplier Invoice and insert the default payment method in installment plan & discount. Run a new supplier payment proposal fetching all payment methods. Acknowledge the Proposal & Create the Payment Order. When creating the Payment Order, select a payment method other than the default which was set in step number 1.  When proceed to finish the option, It gives below error.Error - No Invoice/payment on account is selected into payment order. There are no items in the selected proposal(s) with the specified cash account.

Hi, ive done my tax return in IFS 10, its come out as a refund. I have created the tax clearance voucher and authorised the non-supplier payment. My problem is i cannot find the non-supplier payment in supplier payment proposals to be able to process the refund through the bank.How do i process this non-supplier payment? 

Community, We customer invoices sent between sister companies, they are all sitting in the same IFS DB. IFS is on host.  But recently we realized customer invoices sent from our Germany office cannot reach to Canada office. How to check this issue? where suppose to be the message flow to start investigation? Thank you.

Hello, Is it possible to explain the use of this screen  below ? Best regards

Is there any report/transaction I ca run that would show the number of invoices that are ‘prelposted’ on a specific date.Trying to run some analytics to see if invoice processing/queries are improving and be interested to to now what was unauthorised on various previous dates

Does anyone know how to resolve this error? User is trying to Reprint Original Invoice via the Customer Analysis > Ledger Items table.  

Migrated data was wrongfully transferred into input VAT account , How to adjust these wrongly tranfered balance in IFS app10 

Hello,I am hoping someone can help me understand how to set-up our monthly bank statements to map the Standard Bank Statement File in the External File Assistant? What are the main components that my file MUST include in order for IFS to read the data and match it to the posted cash transaction? Can it be an Excel file? I am using IFS Applications 8 for reference and would like to utilize the automatic bank reconciliation feature.Visuals of how you have your bank statements set-up for this process would be helpful as I’m stuck!Thank you!

Hello,  I have a question about the reports generated in IFS.For example we would need the General Ledger Transaction Report in xls or csv type although the file is generated in pdf type. Is there a way to change the file type generated ? Best regards

Hi,  can any one explain why I get this error in MC voucher,cannot we add the debit and credit posting for one company when it comes multi company vouchers.  Thanks,Ken

Does anyone have any experience with integrating Kofax with IFS Cloud (23R1 onwards)?We are implementing IFS Cloud and want to use Kofax for Supplier Invoice Automation.

Hi, I have taken over a role maintaining FAR , we are using IFS apps 8.I have a balance in Plant and Machinery Manual account, which I need to journal into Plant and Machinery account. However, I get a message that I need an object to book this journal to.This balance has been there for a number of years- I believe from when the company transferred their balances when they implemented IFS, so assigning this to just any object will be incorrect.I tried by amending the posting controls in the accounts listing, but no luck. How can I post this journal please?Any ideas much appreciated!  

Dear all,May I know whether it is the standard functionality depict only positive figures even in a customer order  correction invoice printout?I checked several customers and it seems to be like this.Is there a way to depict negative figures ?Thank you Kind regardsUdanee 

In Sales Objects page, Sales Object – NEWSPAPAERS, has Description as NEWSPAPAERS In Instant Invoice, Sales Object Description is modified to NEWSPAPAERS 123In the printed invoice report, Description is NEWSPAPAERS and it has been pulled from the Sales Object instead of the Invoice line item.The 2 workarounds are not a solution due to the below reasons.1. Delete the Company Attribute Translation from Sales ObjectThis will prevent users from using the Translation functionality2. Change the Description in Sales Object description in Sales Objects screen.  There could be scenarios where Sales Object Description every time that users submit an invoice as the Sales Object description w

We raise invoices with 4 decimal places for unit price.  When customer pays us it is 2 decimal places but when processing mixed payment and matching the invoice IFS will write off the difference of 3rd and 4th decimal. However, when we have payments on account, which are of higher value than invoice, we try to match/offset these but are always left with 3rd and 4th decimal place remaining on account as an outstanding value when the value is changed to match invoice.How can we fix this so that the small difference is cleared in tolerance similar to when the correct value is paid. Example: Payment £1,234.56Invoice    £1,234.5678Mixed payment writes off 0.0078Payment £1,000Payment £2,000Payment £3,000Invoice £5,123.4567 Amending line 3 to £2,123.45 to match and clear invoice leaves 0.0067 as a outstanding value on account

Hi,My customer has a problem with CAMT054 files in Mixed Payment, after upgrade from IFS10 UPD6 to UPD15. Previously, when the transactions from "External Payments" (CAMT054 file) was loaded into a "Mixed Payment", transactions of the type "Acknowledge Supplier Payment Order", were grouped into one row (more or less) in "Mixed Payment"/ tab Transactions .The detailed information could then be viewed in tab "Matching Transactions" in the lower part of the window.UPD6:Now, after the upgrade to UPD15, one row for each transaction is created in the upper part of tab "Transactions" in "Mixed Payment", instead of a lump sum:This is a big problem for my customer when

HiCan anyone confirm whether we can add an external entity to the existing consolidation module in IFSAPP 9?  

Does the currency revaluation process take into account advance payments to suppliers (Supplier Payment in Advance)?