Finance (Financials)

Hello. Is it possible to run periodic lease accounting for periods already closed? For example, assume period 1 to 11, 2023 is already closed. We want to implement operating lease accounting in IFS. The lease contract has payments at the beginning of each period. First payment occurred at the beginning of period 1. All payments have been made already for period 1 to 11. We want to enter the full lease contract in IFS, generate the amortization schedule, then create the recognition posting for the ROU asset and lease liability and have it post at the beginning of period 12. Then we want to run lease payable accounting and periodic lease accounting for P01-P11 and post to beginning of period 12. Is this possible even if period 1-11 is already closed? Would appreciate any input/insight. Thank you.

We have uploaded a file using the FA_Object_Import File Template.  The file loaded with no errors & IFS gave us a message that assets were created; however, we do not see the assets anywhere in IFS: We noticed there is no Record Set No or Record Type ID in the External File Transactions screen:Here is the template:  

Hello Community, A customer faces the problem that BR Reports in PDF format deliver the following error:(Sorry for the screenshot in german but the original report was automatically deleted) The same report in excel format works well.Does anyone know a possible cause of this error message? Kind regardsDavid

There is a requirement to set the "Inverted Quotation When Reference Currency" for both GBP and EUR in customer’s production Cloud instance. hey have had both set in their 7.5 instance for over 10 years without negative effect.In Cloud, the flag is only set for EUR by default when the company is created. This can be also set for GBP but only via a script. We would like to know if there will be any adverse effect of doing this?

Hello Community -I am looking for the setting where I do not have to use the line ID ref number in the posting information section of the supplier invoice posting proposal.  If there are multiple lines in the line information section, I want to combine them into one line to post and it is not allowing a net amount entered without a line ID reference.  I have it set this way on one of our companies so I know there is a setting to do this.  TIA 

Hi there,  does someone has a external file already created for BACS payments? If yes, would someone share?  Thanks a lot in advance. Regards,Philipp

I have a supplier invoice that uses posting proposal. Posting proposal is balanced and in “Auth” state.  But my supplier invoice is in Pre|PostedAuth state as below.  When I checked IEE, I can see under Posting Information that there are minus balances in “Balance” and “Balance in Acc Curr” fields. How can I bring this invoice to “PostedAuth” state?    

Good afternoonCurrency translation differences are being generated when we consolidate, but we do not have any currency anywhere (that I can find) set to anything but USD in our IFS instance.We were sold to new ownership in Period 6 of this year.  In our Consolidation Structure we added the new ownership as the top node of the existing structure as of the event date, and moved the entire existing structure underneath.The previous top node is where the currency difference is now being generated on the indicated posting controls in the period 6, 7 and 8 consolidations.  The currency difference calculated during consolidation is the entire YTD NI for 2023 for that previous top node.Any ideas what would be causing this and what we can do to remedy?ThanksCynthia

Hi All,Do you see any specific reason for not showing “Direct Cash Payments” in  Mixed Payment/Cash Box Ledger Transaction Analysis window.Thanks. Best Regards,prabha 

Hello, I would like to know if it is possible to use IFS Lease Contract to cater Accounting Requirements for Lessor perspective? If Lease Contract cannot be used for this purpose, is there any other solution available in IFS to meet the Accounting Demands on Lease Accounting on Lessor perspective? Thanks! Sachith

Buen día comunidad agradezco su apoyo si alguien me puede indicar a que se debe el siguiente error  y como lo puedo solucionar.“No se encontró un código de impuestos en la pestaña de códigos de impuestos en Información Específica de Compañía SAT.” 

Hello. We have 4 MPL transactions below that are unbalanced. This is the first time we’ve seen this and we don’t even know why it is unbalanced and why IFS allowed it to be unbalanced. I cannot modify it to force it to be balanced.  Does anyone know what can be done to fix this? Any ideas/suggestions would be much appreciated.    

The aging method is set on the aging buckets in Customer Credit Management Basic Data. It should be possible to choose the aging method when running queries, to make it more flexible, instead of having it as a basic data parameters.In our customer case they have created quick reports to be able to order based on invoice due date or invoice date.

Hi all, France requires a Tax report called la déclaration d’échanges de biens (DEB) within the UE zone whether you import or sell goods to other UE countries. For import of goods, there is a thresold of 460k€ before you are eligible to the reporting of DEB. Do you know if it is possible to configurate IFS to identify this particular thresold ?If not, any tips to get the info as automatic as possible ?Thanks 

Cloud SwedenNeed to send all GL transaction to the auditors in  CSV  file (quartely) . Any one that have done this in cloud?

I am trying to get someone set up to be able to print Year Acquisition Report.  I have given full grants to YearsAcquisitionReportHandling, but it is giving the dreaded You are not allowed to execute this report.I can execute with my full admin access but have been unable to get this to work for a user without full Admin. 

Hi IFS communityIn the past Purchase Orders were created for non iventory parts, which accidentally were received / closed and so forth, but most importantly they weren´t paired out with an invoice and they still show up as open in GL Balance Analysis on account 2010002.Is there a way to reverse any amount for account 2010002 account? We don´t want to create dummy invoices, it would look inferior in our system and it would only cause other issues on our end. Thank you in advance. Kind regards, 

Does any body knows why Advance invoices are not supported for one-time suppliers in IFS  

Hi ExpertsI have in App10 update 15 a wierd behaviour. when i Print the reminder the system somethimes fetches the wrong title. Below you see a invoice which is on level 1 and gets the Titel “Letzte Mahnung”.if i check the reminder template translation title is should come “Zahlungserinnerung” but in this case the system fetched for the invoice level 1 the Reminder Title from Level 3 funny thing is that the reminder text is correct thoughI also checkt that the customer has defined in the customer data the correct template 1 does anyone has an idea what the issue is?

When we import IFS e-Invoices then sometimes the file cannot be found. This means when the invoice gets created the file must be attached to the posting proposal manually. This is a awful lot of work when you receive more than 50 invoice a day. the result is that you dont have a pdf attached to the posting proposal which makes the creation of the posting very difficult.I assume this has to do with the release of 22R1. New we must import the PDF through the IFS connect Document__file_ImportBefore the release 22R1 the setup for the pdf file was made in the company header through the tab invoice:The Problem (i assume) whenever the XML gets imported before the PDF(see below Message ID that the xml was imported first)Then the pdf cannot be found when the invoice gets imported through ifs connectHere the Setup:The Routing Adress for the PDF importRouting rule for the pdf Import :Routing adress for the xml importRouting adress for the XML importOne Reader for both routing rulesHere is an exam

I am scrutinizing the Cost per Unit reported on Inventory Transaction History records, specifically for Scrap in Operation transactions (transaction code OPFEED-SCP). We are using APP10. The description of this field is “the inventory value in base currency, as retrieved from the inventory part”.However, the value as reported on ITH does not match the value coming from the Inventory Part > Costs > Inventory Value > Unit Cost record, nor can I match the breakdown in ITH > Cost Detail with the Part Cost Build-Up for the part. Furthermore, this value is sometimes less than, and sometimes greater than, expected.I understand that the value I am asking about comes from the sum of the Cost per Unit columns from the ITH > Cost Detail tab, but it is not clear how it is arriving at these values for the transaction. Can anyone explain in direct terms where these values derive from, specifically for Scrap in Operation transactions? We are using standard time for labor reporting.  

Hi ExpertsDoes anyone has the experience how to transfer Open Shop order from the financial point of view? Is there any best Practice approach for this topic? The main issue is that the shop orders allready have posted several Labor, mashine Time or material issues.Migrating Shop order through the Migration tool is not a save option since it is highly unreliable. Additionally i dont know if it is possible also to migrate the allready issued material or Labor and machine runtime.In order to prevent the open Shop orders from posting calculation differences, we are going to enter the open Shop orders manually. Currently i have the following Approach:change the shop order posting control onto a statistical account Reverse the Work in Progress account (Finance) onto an statistical account Create the open shop order in IFS so it will post the work in progress against the statistical account Enter the allready closed material issue, labor and runtime change the shop order posting control back

I have reviewed a few of the posts on the Community as well as the online documentation for transferring fixed assets in IFS.  I tried tested the functionality for transferring one object between companies and received the following error message when creating the transaction:Does anyone know why I would receive this error?  I am not sure why the acquisition value would be reversed twice in the FA book.Am I missing some configuration somewhere?  I have set up the fixed asset book mapping for each of the books tied to the asset.  I have added posting controls FAP51, FAP52, FAP55 and FAP56 as I am wanting to do an intercompany transfer of the object using the gross method.We are using IFS Apps10 UPD10.  Any help would be appreciated.Thanks,Monique

Hello PeopleI am new to the IFS Cloud ERP. My area of expertise is Finance. I am used to a different ERP and there is quite a difference on the terminology used when I compare the two.Something like mixed payments.Is there any place where I can find some training manuals? Specially for Finance?By the way , why payments are called mixed payments? Thanks 

Hi, I need to filter the customers who have debt in cents. I mean, the report should exclude from -$10 to $10 of debt. I can add a conditional layout but it disappears when I download this report in excel. Thank you