All products in IFS Applications use the same set of rules to create and validate accounting transactions. The set of rules includes information about posting control, code string completion and combination rules. A great part of the financial postings in IFS Applications are created automatically by the predefined posting types and control types in IFS/Accounting Rules. This means that you do not have to do anything manually as long as you have defined your rules correctly.
When a new company is created, default values for posting control are created, depending on the components installed. All components in IFS Applications install their own posting types, control types, and allowed combinations. Use Posting Control to specify the posting types, control types, accounts, and other code part values used for the automatic system events created in the various components before going live with the system. More information on how the posting types and control types are used can be found in the process descriptions for each main process. Print the Posting Control Report via IFS/Info Service to get an overview on existing posting control information.
It is possible to create user defined combination control types in form Combination Control Types. A combination control type is defined as a combination of two allowed control types for a specific posting type. The user defined combination control types can be selected via List of Values like any other control type when registering or editing the posting type Posting Control.
The system can use the code string completion information when financial transactions are created, i.e., the system can add the code string for a code part. This facilitates voucher entry. The code string completion information is entered in Run Code String Completion or via the right mouse button operation in Accounts, Account, and Code Parts Values. The values entered in Run Code String Completionon the other code parts are default when a transaction is entered on the code part.
When postings are entered or created in IFS Financials and other products in IFS Applications, the system checks that the combinations of code parts are valid. Use Combination Rules to enter, change, and view information about the combinations of code parts that are legal or illegal per user group.