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Record to Report Process
Manage all the activities related to general ledger accounts, legal declaration, financial reporting, etc.
Tax Declaration
This section explains how to declare VAT.
Managing the Tax Proposal

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.
  - Gathering Information for a Tax Declaration
    You need to find and adjust your data for the declaration.
  - Managing the Tax Proposal
  - Checking the Tax Proposal Transactions
    You can check your tax proposal process before and after the declaration. It gives you a view about transactions that have been done after the declaration period and the ones that you want to include in future declaration.
  - Posting the VAT Declaration
    You need to post the VAT declaration monthly.
- 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 the Tax Proposal

Creating an Automatic Tax Proposal

Go to Tax Ledger > Automatic Tax Proposal.
Click New Tax Proposal.

The New Tax Proposal pane appears.
Fill the fields:
1. Tax Report.
2. Enter a Description.
3. From Year, From Period, To Year and To Period.
Click OK.
You can see the tax proposal created in the page Automatic Tax Proposal.
When you click the three dots , you can access different views:
1. Details.
2. Click View Tax Amounts to see a view per Tax Code.
3. Click Template Field Presentation to see a view with the report format.
4. You can print a specific report, click Print Preliminary Report.
  
  Note:
  Control this report before any declaration done in French legal administration website.

Acknowledging the Tax Proposal

Once you checked all the information, you can acknowledge the tax proposal.

In the page Automatic Tax Proposal.
On your line, click the three dots and click Acknowledge.
Your tax proposal status changes to Acknowledged.
Note:
This step can be canceled: click the three dots and click Unacknowledge.

Printing the Report

Check all the declaration information before the printing.

Important:

This step cannot be canceled in the system. You must perform this action when you have controlled the whole declaration and declared it to the administration.

Go to the page Automatic Tax Proposal.
Click the three dots and click Print Definitive Report.
The Report Format & Output pane appears.
You have several options:
- Preview button: to do before printing. Click Preview: the document appears on your screen. From here, you can check your information, print your document or keep it on your computer in PDF.
  Trouble:
  If the preview is not displayed, your browser might block your pop-ups. Check your authorization in your browser settings.
- Print: if you want your document on paper, choose your printer, or if you want to keep it on your computer in PDF, choose IFS PDF Archiver.
- Email: fill in or check the email address and send it.
Click OK.
Your tax proposal status changed to Reported/Valid.