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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.
Customer and Supplier Mixed Payment
Settling Available Transactions in the Account
You can match your lines one by one directly with the open invoice(s). The lines must reflect what have been received from your bank account.

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
    - Filling Transactions Details for a Customer or a Supplier Mixed Payment
    - Settling Available Transactions in the Account
      You can match your lines one by one directly with the open invoice(s). The lines must reflect what have been received from your bank account.
  - 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

Settling Available Transactions in the Account

You can match your lines one by one directly with the open invoice(s). The lines must reflect what have been received from your bank account.

Note:

You can register on the same mixed payment: supplier, customer and direct cash payments.

On the Transactions tab, click the three dots and click Edit Transactions.

The View/Edit Transactions page appears.
In the area Matched Transactions Details, click Select Multiple Invoices/Prepayments.

A pane appears.
Select the line(s) that you want to link your payment with, and click OK.
To perform a partial payment for this invoice, you need to change a field. On the page View/Edit Transactions, in the area Matched Transactions Details:
1. Click Edit .
2. Change the field Pay Amount in Pay Curr with your correct payment amount.
In some specific situations, you could have to write off amounts. For example, to exclude the bank fees of the payment. On the page View/Edit Transactions, in the area Matched Transactions Details, you need to fill the fields:
1. Write-off Code with the reason of the write off.
2. Write-off Amount with the amount associated.
To go back to your mixed payment: click Back.
Perform the same process for your other Transactions lines.
To approve your mixed payment, in the header, click Approve.

A new page appears, Voucher Information.
Take note of the Voucher Information, and click OK.

The Mixed Payment is in status Approved.