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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.
Creating a New Mixed Payment

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.
  - Creating a New Mixed Payment
  - Customer and Supplier Mixed Payment
  - Managing a Mixed Payment for Direct Cash Payments
    You need to use direct cash payment for all the payments that are not customer or supplier related.
  - Using Petty Cash Funds
    Whenever you take cash out of your bank, you need to record a petty cash transaction.
- 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 New Mixed Payment

Go to Financials > Cash Book > Mixed Payment.
Click New +.
Select the Cash Account.
In the Balances in Accounting Currency area, enter the Actual Opening and the Actual Closing from your bank statement. These fields will help you fill the transactions lines.
Click Save.

You can create a mixed payment for:

A supplier or a customer, perform Customer and Supplier Mixed Payment.
A direct cash payment, perform Managing a Mixed Payment for Direct Cash Payments.
A petty cash transaction, perform Using Petty Cash Funds.