DGI / IFRS compliance - Setup and management rules

The French official tax report (Bulletin des impôts) establishes requirements for the control of computerized accounting systems used by French companies, to ensure data accuracy, validity and authenticity (articles 13L-1-06 no. 12, 3 E-1-07 no. 4 and 13 L 2 08 no. 30).

Sage X3 provides functionalities for you to comply with the requirements of the DGI (French General Tax Directorate) and the IFRS (International Financial Reporting Standard).

This guide details the management and setup rules that you must use in your application to comply with these requirements.

First, the following generic requirements need to be answered:

• Archiving fiscal data to create accounting entries;
• Auditing the procedures and changes applied to key data and accounting parameters;
• Managing closings and related controls;
• Generating entries considering their intangible nature;
• Preserving the continuous sequence of entries and the chronology of events.

These generic requirements apply to Financials, but also other functional areas such as Sales, Purchasing, Fixed assets, Stock counts and Stocks, in which accounting entries can also be generated.

Besides, the DGI and IFRS also set out specific requirements for each of those functional areas.