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Record to Report Process
Manage all the activities related to general ledger accounts, legal declaration, financial reporting, etc.
Matching Account Transactions
Perform the Account Matching process to match transactions from the general ledger. The purpose is to match one or more debit transactions with one or more credit transactions from the same account.

Record to Report Process
Manage all the activities related to general ledger accounts, legal declaration, financial reporting, etc.
- Mixed Payment
  Once you receive a payment from a customer, after you paid a supplier or for any bank transaction, you have to register it as a Mixed Payment in IFS Cloud.
- Opening and Closing Accounting Periods
  During the month-end closing process, the company's accountant need to block or open periods.
- Managing Fixed Asset Depreciation
  Set the depreciation details of the value of one or several fixed asset(s).
- Adding General Ledger Transactions
  You can add transactions to the general ledger, whether manually line by line, or by uploading a file with a predefined format.
- Matching Account Transactions
  Perform the Account Matching process to match transactions from the general ledger. The purpose is to match one or more debit transactions with one or more credit transactions from the same account.
- Creating a Bank Reconciliation Statement
  To create a bank reconciliation statement, you need to upload your bank statement, then match the transactions between your bank and the ones recorded in IFS Cloud.
- Tax Declaration
  This section explains how to declare VAT.
- DAS2 Declaration (FR Specific)
  This process helps you to extract amounts for DAS2 declaration. It is specific for Marport France.
- Managing Intrastat Declaration
  Each month, you need to submit an Intrastat report. This report is mandatory when there are goods exchanged within the European Union and the total value of these transactions exceeds a certain threshold.
- Managing Currency Revaluation
  Over a specific period, convert foreign currency transactions into the company's base currency. Due to exchange rate fluctuations, this revaluation enables the adjustment of outstanding amounts.
- Closing an Accounting Year
  The year-end closing process involves several steps to move the closing balances of balance sheet accounts from one year to the opening balances of the next year.
- Statistics and Reporting

Matching Account Transactions

Perform the Account Matching process to match transactions from the general ledger. The purpose is to match one or more debit transactions with one or more credit transactions from the same account.

Note:

If the transactions are not balanced in the final match, they can be temporarily saved and matched later on.

Go to the page Account Matching and select the account on which you want to proceed the matching.
Select the Year and the Period, then click Next.
Go to Unmatched Transactions section and select the credit and debit lines you want to match together, then click Match Selected Rows.
If you want to match all the lines displayed, click Match All Rows.
Go to the bottom of the page and click Finish.
- If the account matching is in balance, the matching is completed and a Matching ID is created. In the general ledger, this Matching ID is associated with the matched lines.
- If the account matching is not in balance, you can do a preliminary matching and create a Preliminary Matching ID when asked by the prompt.
To see more details about the matching, click View Matched Transactions.
To cancel all the matched transactions, click Cancel Matching in the top toolbar.
If needed, you can automate the account matching process:
1. Go to the page Accounts for Automatic Matching.
2. Select the account on which to apply the automatic matching, then click Automatic Matching.
3. Select the period and the correct matching attributes corresponding to the kind of account that you match.
4. Go back to the View Matched Transactions page to see the matched transactions.