France

Wherever you do business, you can use Sage Intacct to meet your business needs. The following features and processes are specifically for France.

Accounts Payable

  • E-Invoicing compliance for France: Register for the Sage Plateforme Agréée (PA), a vital step for e-invoicing compliance. Sage will transmit the necessary data to the administration to populate the e-invoicing directory.
  • Deferred adjustments for charges constatées d’avance (CCA): Deferred adjustments lets you accommodate for amounts paid in advance for goods and services that span multiple accounting periods. Along with Deferred adjustments for produits constatés d’avance (PCA) in Accounts Receivable, this feature helps you avoid overstating revenue and expenses in a current period and aligns with the principles outlined in the French General Accounting Plan (Plan Comptable Général, or PCG).

Accounts Receivable

  • E-Invoicing compliance: Register for the Sage Partner Dematerialization Platform (PDP), a vital step for e-invoicing compliance. Sage will transmit the necessary data to the administration to populate the e-invoicing directory.

  • Deferred adjustments for produits constatés d’avance (PCA): Deferred adjustments lets you accommodate for amounts paid in advance for goods and services that span multiple accounting periods. With Deferred adjustments for charges constatées d’avance (CCA) in Accounts Payable, this feature helps you avoid overstating revenue and expenses in a current period and aligns with the principles outlined in the French General Accounting Plan (Plan Comptable Général, or PCG).

Cash Management

  • SEPA bank files: Use the SEPA file format to make bank file payments in EUR.
  • Creation rules and VAT and GST: Use creation rules to automatically create additional transactions for reconciliation. Transactions can include VAT and GST tax calculations.

Fixed Assets Management

  • Declined method and derogatory depreciation: The Derogatory depreciation method (DER) is for organizations operating in France that must apply different depreciation for accounting and tax reporting. It supports compliance with French tax regulations while maintaining consistent accounting depreciation.

  • Use salvage value: Companies operating in France can deselect the option Use salvage value setting when configuring journal rules. By turning off this option, the salvage value of assets is always recognized as $0, ensuring accurate tax treatment.

General Ledger

  • GL account reconciliations: Reconcile your books with debit and credit matching using GL account reconciliations codes. GL account reconciliations codes are automatically applied to invoices, payments, and related credits processed through Accounts Payable and Accounts Receivable.
  • Lock statutory reporting periods for year-end close: After you close your books for a statutory reporting period, you can lock the period so that no changes can be made. The locked period cannot be reopened, and information for the period cannot be changed, even by adjustments.
  • Global Transaction Security: Configure your company and entities to prevent users from editing, deleting, or reclassifying transactions posted to the General Ledger.
  • Opening and closing balances on the Trial balance report: Set up your Trial balance report so that it shows opening and closing balances as separate debits and credits.
  • Restrict transactions to the entity level: In a multi-entity system, you can restrict the creation of transactions to the entity level, and still view entity-specific transactions from the top level. This gives you a consolidated view of all your transactions, and ensures that each transaction is owned by only one entity.
  • Accounting entries file (FEC): Use this report to compile all the data related to bookkeeping and all the entries that are booked during a fiscal year. This is a requirement stipulated by article L.47A I of the Tax Procedure Code.

Taxes

  • French tax solution: The TVA Française standard tax solution provides an automated setup for the tax rates for France domestic VAT, DROM-COM, and CORSE. You can also create a report and export it in the Accounting entries file (FEC) format.
  • French tax submission: Using Intacct's integration with Sage Regulatory Reporting, your CA3 tax forms are calculated for you.
  • Accounting entries file (FEC) report: Comply with tax reporting regulations by generating and exporting reports in the Accounting entries file (FEC) format.
  • French cash basis VAT capture: Capture taxes for VAT reporting at the point of payment with cash basis VAT capture. This enhanced functionality works with our existing invoice basis VAT capture, letting you select how and when to capture taxes for each line in a transaction.
  • Partial exemption: Companies using a French tax solution can use partial exemption to separate out the recoverable and non-recoverable portions of the input VAT for eligible items.

Early Adopter programs

Early Adopter programs give participants access to features before they're available to everyone. Early adopters are expected to respond to feedback and survey requests. As an early adopter, you can influence how we develop the product so that it best meets your business needs.