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

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

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.

Your currency rates need to be updated on the Currency Rates page.
The accounting period for which you want to perform the revaluation must be closed.

Go to Financials > Period Routines > Currency Revaluation > Currency Revaluations.
Click New +.
Enter the Accounting Year and the Accounting Period, then click Save.
Select your line and click Execute Calculation.

The Execute Calculation pane appears.
In the Currency Rate Type field, select 2, because it involves a recalculation at the end of a period, and then click OK.
If you want to analyze the revaluation: select your line and click View Revaluation Amount.
The Currency Revaluation Analysis page appears, you can analyze the revaluation.
Go back in the Currency Revaluations page, click Acknowledge.
Click Create Voucher.
The Create Voucher appears.
Click OK.
To analyze the voucher information, click View Revaluation Voucher.

Note:
If you need to cancel the revaluation, click Cancel and Rollback Voucher.