Finance (Financials)

Hello,For a company that provides consultancy services, Bookkeep is going to be done according to Ifrs as well. The items are fixed asset and depreciation, provisions (severance pay and annual leave), IFRS 6 — Exploration for and Evaluation of Mineral Resources. Normally the company follows accounting bookkeeping accourding to Turkish GAAP. Please kindly advice. How can do it. Best Regards.

How to create a database task to create manual vouchers automatically

Dear All, My client wants to be able to invoice its subsidiaries in their local currency.In order to do so, they first want to be able to change the currency in the sales order from EUR to local currency with a fixed currency rate with will be budget rate.Then, they want to bill this same sales order with another currency rate (with rates from the BCE).Both rates will be the same currency but the sales order at a budget rate and the billing one at the montly spot rate. The HQ will then deal with accounting hedging at group level.It doesn’t look like it is possible to use 2 different rates on the full end to end process (from order to billing).Does anyone know if that’s possible in standard IFS ?If not, does anyone has already dealt with this issue before ? Thanks a lot Laurent

Hi IFS CommunityWe are working on IFS Cloud and we have a problem regarding a missing GP2 Posting Control. I have already added it with the correct valid period, but my invoice is still stuck in error status in the Vouchers Analysis.How can I « restart » the control posting to update the GL Voucher and find it in the GL Voucher Analysis please  ?RegardsCharles

Hi All,Getting the below error when trying to match the PO receipts in the posting proposal window. Checked a few other similar cases and identified that this type of issue may occur when there is no purchase group defined for a purchase part/no default value NO CT value defined for posting proposal. In here both the requirements are fulfilled.Are there any specific fields that need to be checked?  Regards,Nikila Dissanayake

For WHT related scenarios, we’re using a different currency rate type when booking supplier invoice and when creating the tax proposal. However, when we try to create the tax clearance voucher the correct tax reported amount is not being picked up. Instead it is picking up the tax amount as per invoice currency rate type.Is there a way to ensure the reported amount is being picked from the tax proposal?  Can IFS automatically calculate the gain/loss between the invoice tax amount and reported tax amount when the tax payment is made?Appreciate any input on the above. Thank you!

Good afternoon,When I created my last forecast, the system created negative ETC and spread the negative value in the forecast spread.I have checked each negative ETC, and it appears that the system is adjusting the forecast when a cost has incurred and has become actual cost but has not been budgeted.The system seems to assume we have posted too much costs and adjust the forecast by reversing the cost overspent.Would you know how to fix this issue so we can forecast the real costs without reversing the actual overspent cost? Thank you.Kind RegardsClaire

Any suggestions on this error message? There are debit and credit open advances that cannot be automatically matched with the invoice SI ####. Please offset advances not relevant for the Invoice ####, manually in a payment entry window first.  When creating a posting proposal (IEE Apps 9), RMB header Advance Invoice only shows one available Advance Invoice.  There should be three showing. When I do select that one Advance Invoice that appears, I get the error.If IFS is expecting a supplier offset, what does it mean by “offset advances not relevant”? This is my third question in community… hoping for a response.If not able to respond, do you have a favorite resource for IFS information you could share? I don’t mind weeding through information or reading 1,000 pages to find the

Hi,What is the latest xml-version of Finvoice that Cloud can handle?Will IFS upgrade the Finvoice xml-version in Cloud on a regular basis to guarantee a evergreen version? Best regardsBo-Gustav

Hello, We are currently using IFS Cloud, 22R2, how can we limit users from creating Credit/Correction invoices but grant that ability to others? We have granted read only access for CreditInvoiceHandling and the correction invoice projection, but users can still create these invoices. Thanks,Bryan

Genomics Webshop - JSON order interfaceCredit card orders are sent from Hybris with 'CCWEB' as the payment terms ID in the order request. IFS is not populating CCWEB as the payment in the customer order which is resulting in the customer's card not being charged or being sent to Paytrace. Below are some example orders, an example request and screenshot from IFS - E10201475: ECM-W00232259, entered 26-Oct, appeared in IFS 30-OctE10201775: ECM-W00232105, entered 24-Oct, appeared in IFS 1-NovE10202112: ECM-W00232598, entered 2-Nov, appeared in IFS 5-NovE10202602: ECM-W00232688, entered 3-Nov, appeared in IFS 8-NovE10202630: ECM-W00232718, entered 6-Nov, appeared in IFS 8-Nov"order": {"orderNo": "W00232598","customer": {"customerId": "20149276","customerName": "Jumpcode Genomics"},"customerPoNo": "Credit Card 02 Nov 2023 ECM-W00232598","ediSite": "BEVE","currencyId": "USD","creationDate"

Hello Experts,I am using IFSAPP 9.I am trying to connect the manufacturing indirect jobs posting transactions with certain project activity.I have made it so far by redirecting the posting using GL Automatic Posting Rule functionality. This is working well.Yet, I am not able to see the project connection of this posting in my project monitoring.Any idea ? 

Hello, Does anyone tell me how to investigate this loading error?  

Hi there, We are having an issue with reversing a journal. From what we understand, this is done by creating a new voucher, pressing the Copy GL Voucher Rows button, selecting from the list the ones needing to be reversed and reversing….the problem is, nothing appears when pressing the Copy GL Voucher Rows button. Has anybody else had this problem? Many thanks

I have never seen this before, but we are on Apps10 UPD 12 and whenever our billers are printing out invoices or hitting the print preview, they are getting different totals on the invoice layout each time.  We don’t have anything custom on our invoice so I don’t understand why this is happening.  It seems like the first total that pulls up is for another billers total amount that is trying to be created at the same time.  When previewing the invoice, it pulls the incorrect amount once, then twice and the correct on the third.  Other times, it pulls up correct first time. Yet others, it is only incorrect first time and then correct the second.  Anyone else experience this or have a solution as to why it is happening? 

Hello,Is it possible to have VAT on advanced invoice ?In the standard flow we see that the VAT is reversed at the payment.We want to have the VAT to be declared at the booking of the advanced invoice.Is it possible and how on IFS ? Best regards.

Have cancelled the matching on a mixed payment however it has not reversed as I would have expected.The payment is now not showing on the customer account, but is showing as a separate entry on an aged creditor list.How can I rectify this mixed payment (I am now unable to cancel the mixed payment) to show on customer account and not on the separate age creditor line?

Hello,  We would like to have our advanced invoice on net amount in order to match with this accounting scheme Supplier acount credit: Gross amout (120)Advance invoice account debit: Net amount (100)VAT account on advanced invoice  debit: (20) Is it possible on IFS ? Best regards 

Hello,I have the following situation:-IFS10 UPD16-The company uses Weighted Average -They buy an inventory part, that goes in Project Inventory, at $411 (PO Price).-When the part is issued to a Work Order connected to the project, the cost is $170 (based on WA). After the part is used, even if qty=0, I still have an amount left in project inventory of $241 ($411-$170 ).How do I get rid of this difference? Thanks,Cora 

Hi,Question on detail function in external file templates.Following is an extract of MT940 file and I would like to know is there any mechanism which  I can use to input the value “000” after the the WXY value Original :86:WXY2108763823648GHY Changed value :86:WX0002108763823648GHY

Hello there, we are in IFS Cloud. We are using the "Bad Debt Management" screen to "Transfer Bad Debt". The voucher created behind the scenes is;Dr PP15 Bad Debt ExpenseCr IP2 Trade ARHowever, we are looking for a bad debt provision function in IFS. The voucher we are expecting is:Dr Bad Debt ExpenseCr Allowance For Uncollectible Accounts (Asset Acct)Once confirm the uncollectible payment from the Customer:Dr Allowance For Uncollectible Accounts (Asset Acct)Cr Trade ARIs there a bad debt provision function in IFS that will trigger the JE as above? Thank you!

Hi, we found a new functionality on 22R2 like Site Cluster. We can create a new “organisation tree” but do you have information about how this configuration can be use in IFS ? Regards, Christophe

Dear IFS members, I hope this message finds you well.Is there a field or option in use tax that allow the calculated tax to be deducted from the supplier invoice amount since the supplier is agreeable to bear the tax, therefore reduce the amount due to the supplier? Any thought?Thank you  

Hi,Today, our fiscal year goes from July to June. From begin of 2024, we must change it to January to December.Does anybody have idea how to do this?One problem, we have already transactions posted January 2024 to June 2024.IFS Cloud 23.1.5Thanks,Gianni Neves

When i do a mixed payment on an advance customer invoice, i have the following error message:This AD 40000007 has on open amount of 90000 EUR.Thanks in advance for your help