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Record to Report Process
Manage all the activities related to general ledger accounts, legal declaration, financial reporting, etc.
Managing Fixed Asset Depreciation
Set the depreciation details of the value of one or several fixed asset(s).

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 Fixed Asset Depreciation

Set the depreciation details of the value of one or several fixed asset(s).

You need to have created a fixed asset, refer to: Creating a Fixed Asset.
You need to have created a manual supplier invoice, refer to: External Purchase Invoice.

Once you have the fixed asset and the manual supplier invoice, you need to:
1. Update the GL voucher. This action is automatically proceeded each day, but you can perform it manually: go to the page Update GL Vouchers, choose your parameters in the Set Update Parameters area, click Next, then select the vouchers to update in the Select Vouchers area and click OK.
2. Activate the fixed asset, refer to: Activating the Fixed Asset.
You need to create a new depreciation proposal, go to Financials > Fixed Assets > Depreciation Proposal > Depreciation Proposal.
Click New Depreciation Proposal.

The New Depreciation Proposal pane appears.
Select:
1. A Depreciation Year, choose the year for which you want to test the fixed asset depreciation.
2. A Depreciation Period, choose the period of time for which you want to test the fixed asset depreciation.
3. The line that appears at the bottom of the pane when you enter this information is the method of depreciation for the part. For example, here it is linear, which means that the depreciation is proportional.
4. Click Finish.
Click Authorize Depreciation Proposal.
Click Post Depreciation Proposal.

The Post Depreciation Proposal pane appears.
Click OK.
If you want to see the transaction details in accounting, click Object Transactions per Depreciation Proposal, then click Accounting Transactions.
You can check the fixed asset status and their behavior on a specific period: go to the page Fixed Assets Balance History, and create a new record for the specific date. Select your record and click Details to see more information about the fixed asset like the net value at a specific date.