Finance (Financials)

Good morningDoes anyone know what the underlying view is, used in the standard ExtPosPayCheck external file type?

Hi,I am currently going thru a year end audit and don’t know the answer to the following question: What is the difference between the following 2 business events with the same description? Thanks … Mark

One of our customers have opened a Joint Venture in India and states that there are compliances India related to where the backups are been held - "In order to comply with Indian Company Regulations the back-up of the books of account and other books and papers of the company maintained in electronic mode, including at a place outside India, if any, shall be kept in servers physically located in India on a periodic basis."Do we have anyone else out here with similar user stories addressing this concern in their current practices? Specifically looking for cloud hosted customer user stories.. Is this something considered on India localization?

Dear all, the IFS standard setting is that the currency rate will be taken from the invoicing date. As we are handling projects the relevant date is the handover date and not the invoice date - it is not possible to create the invoice on the same day as the handover takes place.We are not allowed to create invoices which are dated back in the past (this will be claimed by the external and internal auditors). Example, we received the handover protocol on 05/01/2023. We already made the tax reconciliation/reporting for january so we closed the period already.The correct currency rate would be the rate from 05/01/2023 but it’s not possible to change the rate directly in project invoice. How should the data set be modified in order to have the correct scenario shown in IFS?How do you handle this scenario.Thanks for your response.BR Linda  

One of the customers is facing challenge with balancing the posting proposal of manual supplier invoice, due to header currency rate is not the same with posting information line currency rate.Error message ID: Accounting Currency not BalancedError Details: Net amount in accounting currency ####.## does not match with posted amount ####.## in accounting currency SEK. This line currency rate cannot be manually edited and only relevance of this currency rate is that it is the rate on original created date of the attached invoice. But the customer has not ticked the “Use File Transaction Date as Voucher Date checkbox” in external supplier invoice parameters window at the time of voucher creation. Please help to share your ideas and any known reason/solution for this issue. Thanks.

We have a number of customers who utilise staged billing and have found that once invoiced a staged billing line cannot be backed out and changed. This is surprisingly common in many industries and requires some very unusual workarounds and fudges. When an invoice is cancelled we think this should reset the staged billing line so it can be edited.

Hello,  I need to create manual customer invoices with a ledger account at manual posting. Is there a way to do that ? I tried through manual voucher wich is impossible too. How is it possible to override this limitation ? Best regards

If you have supplier payments without a tax transaction being created, how do you add them to the automatic tax proposal for 1099 printing?

We are using the cloud based version, and running 1099’s to test and noticing the NEC form is only printing two per page, and not 3 like the standard is. Guess I’m wondering when it will be updated to 3 per page or if I’m going to have to do it by hand this year? Approaching a week before postmark due date!

We have made payments to suppliers who were set up incorrectly and aren’t being pulled into the tax transactions screen and thus the automatic tax proposal.  is there a way to add a manual tax record so that 1099’s (similar to a misc payment in a payment proposal) can be printed or do we have to create fake invoices with the proper tax lines to generate the required tax transactions?

Hi Team, Can Anyone help me on below issue   

Community,We have bunch of products that are returned from customer. they are being repaired/replaced/scrapped and stocked later on.our question is, what is the best practice to have them costed differently under the same part no? basically they have the same part no as the brand new product,  currently in our system, the standard cost cannot be split.thinking of using condition code? will that work? Thank you.

We are currently using IFSAPP 9 and have not completed a Yera End properly since 2005.Whilst investigating the options around GL Archiving, we have come up against you need to have completed Year End process before being able to Archive. Our questions are.Do we have to complete the year end process and transfers for each individual year since 2005.How do we deal with transfers that will affect the next financial year reporting when accounts have been agreed.Any short cuts or known work arounds. I have in my long distant memory  that an IFS consultant helps one of my previous employers do many years within an hour or 2 and allowed us to continue doing year end process form that point onwards.

VAT group registration - is there a connection of companies, where one is as a representative of the whole group and it transfers the total VAT for the group as a whole to the tax office - is it solved in IFS10? Thank youRomana

Could someone please briefly explain how to process WIRE transfers (Supplier payments) in IFS Cloud? Is the same way of defining a Payment Method - WIRE, connecting to a Payment Institute and the Supplier master, and defining the electronic payment address? Many Thanks

HiI have created an external payment file The mixed payment that I created after loading does not include the invoice numbers that are in the file and on the customer’s account.Can you advise what is wrong with my template please? 

Hi,Need expert help on US 1099 Tax reporting.No data showing up in the print preview of the report though I have setup all the basic data. I have checked the tax transactions and found data are available for the reporting period. Any idea what’s need to check? Thanks in advance

Hello to the community,  I am trying to start using the consolidation module; I created a company as a master company; now i am wondering why I can’t find the module “GROCON” related to group consolidation in the LU list. Does anyone know what could be the reason why I can’t find the module? Thank you,Tanya

Hi,Could you let me know what makes the customer preliminary invoice does not have the "print invoice" option available? This is occurring only for one customer id. Please refer to the screen prints below.     Best Regards,Yoshini

Merhaba,Müşteri kartındaki view’ ı TRYPE_ALL_LEDGER_PLAN_X_QRY olan IFS Türkiye standardı cari işlemler sekmesinden fazla işlem gören müşterilerin cari işlemleri çok yavaş doluyor. 10.000 satırı 2 buçuk dakikada getiriyor. Ne yapabilirim?

Hello,We want to do IFRS reporting for the first time in our company.How can I use the Internal Ledger to do IFRS reporting? At what stage and activity can I use Parallel Currency?Is there a document about this?The general ledger we keep in the country and the ledger we keep for ifrs will be separate for now.However, if we provide sufficient conditions in the future, we will be able to make IFRS reporting within the country. Can we keep a single ledger by removing the distinction between general ledger and internal ledger in the future?Asking for IFS 10 Apps

Hi all, Is there anyone / IFS who has a full overview of all mapping used in the standard ISO20022 XML file?The Help Text of the standard fields shows the mapping; but does anyone has an overview of all the related fields? I think it would be awesome if there is an overview of all standard fields and it’s mapping.  

I have created two customized columns in Tax Codes screen in IFS Cloud 23R1.One is LOV reference column and other is read only column. If only, read only column along with the other standard columns is visible on the screen we don’t face any issue while exporting the data (EXPORT (Visible columns only)).When LOV reference column is visible, it is causing an error as below,ERROR - N/A: (Server Error) N/A Malformed Request. undefinedBelow are the screenshots for reference  Is there any solution for this?

Hi All,I have a query regarding currency revaluation. Below are few basic setups which are important with my question. Revaluation posting method has been set as Original to port with original account.Below is the voucher is created once I run the revaluation process. Application connects Industry and Location code parts with credit entry. My requirement is to connect Industry and Location with GP11/GP10 entry as well. Is it possible?Below are the available control types when I try to set Industry and Location code parts in posting controls. I don't think any o

Community, We have been making supply payment along together with debit and credit invoice. there is no issue until we are testing with ISO20022.  We have below error message stated, no negative amount is allowed in ISO20022. any idea how to handle this situation? Thank you.