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Record to Report Process
Manage all the activities related to general ledger accounts, legal declaration, financial reporting, etc.
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.

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

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.

Uploading the Bank Statement

Before connecting to IFS Cloud, download your bank statement in CSV format from your bank.
In IFS Cloud, go to the page External File Assistant.
In Set External File Type page:
1. Check that Online Process is selected.
2. In File Options > File Type, select Bank Statement.
3. In File Template, choose the template corresponding to your company (for example, MPF BankStmt for Marport France office).
  
  Note:
  CSV files might have different headers depending on the country, so it is important to choose the correct template corresponding to your office.
4. Add the CSV file as an attachment.
Click Next.
In Set Parameter Values page:
1. Select the correct Cash Account.
2. Complete the other details.
Click Finish.

Matching the Transactions

Go to the page Automatic Transaction Matching.
Make sure to select your company, then select the Cash Account.
The Reconciliation Date populates automatically with the date of the latest CSV bank file uploaded. It should match the date from the header of the uploaded CSV file. If not, change it.
Click OK.
The transaction matching page is displayed.
Select the lines that match between Cash Transactions and Bank Transactions, then click Manual Matching each time you match a set of lines. Once matched, the lines disappear from the list.

Note:
Transactions by checks do not appear in this list. They are automatically matched.
If you also want to show in the list the transactions that you have matched, deselect Exclude Matched at the top of the page.