Manage all the activities related to general ledger accounts, legal declaration, financial reporting, etc.
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.
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.
You need to use direct cash payment for all the payments that are not customer or supplier related.
Whenever you take cash out of your bank, you need to record a petty cash transaction.
During the month-end closing process, the company's accountant need to block or open periods.
Set the depreciation details of the value of one or several fixed asset(s).
You can add transactions to the general ledger, whether manually line by line, or by uploading a file with a predefined format.
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.
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.
This section explains how to declare VAT.
This process helps you to extract amounts for DAS2 declaration. It is specific for Marport France.
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.
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.
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.
