As your business grows and expands into France, the France CSF helps to keep your Epicor Financials system compliant from day one to save time and expense. The CSF package contains the most used financial and operational functionalities in the country including:
The France CSF package supports several payment formats for domestic and international payments.
The objective of SEPA is to help ensure that payments within Europe are as simple and efficient as those that occur within a single country. The SEPA payments use the Euro currency. Almost all European countries support the SEPA payment format, even those where the domestic currency is not Euro.
The unified SEPA Credit Transfer payment method replaces the previously used local payment systems denominated in Euro in Europe, both for domestic and cross-border payments.
The SEPA Direct Debit is a pull-based payment method that allows a business to directly withdraw the payment from its customers bank account, for which a mandate needs to be signed by the customer. The debtor and the issuer of the invoice must each have an account with a Payment Service Provider (PSP) located in the SEPA area.
If the electronic invoice feature for the company is activated then you have to enable tax exemption reason codes on customer invoices and credit memo, if the tax amount for an invoice line is zero.
You can select the exemption reason code for each invoice line with zero tax amount or you can apply the tax reason code at the header level which will be copied to all the invoice lines with zero tax.
VAT registered companies in France need to generate and submit a report on the movement of goods across EU borders.
The France CSF package contains an electronic interface program to generate the XML file for the DEB report, using data from the existing Intrastat report.
VAT registered companies in France need to generate and submit a report on the services they enabled across EU borders.
The France CSF package contains an electronic interface program to generate the XML file with data for DES.
The General Ledger entries for a given fiscal year need to be exported to a CSV or XML file and submitted to the French Tax Administration. The France CSF package contains an electronic interface program to generate the audit file for FEC in the CSV format.
The CSF France package includes an electronic interface program allowing users to export the payment instruments received from customers into a file.
Epicor Financials can generate sales invoices both in PDF and XML formats, as well as in PDF/A3.
Intrastat is the system used for collecting statistics on the trade and movement of goods between the member states of the EU. Organizations that are VAT-registered and trade in goods with other EU member states are required to help provide details of these transactions in formats including CSV, XML or IDEP.
The EC (European Commission) Sales Lists are used to report the VAT on sales between the countries in the EU. The EC Sales List contains information on sales and transfers of goods and services to VAT registered businesses in other EU countries.
EC Sales are reported by the calendar period and done on an accrual basis; therefore, the report is usually filed monthly or quarterly.
The report contains trading party information, total value of goods and services supplied in the book currency, and country code of the trading party.