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Since 1st January 2014, companies in France have been required to keep an electronic record of journal entries for the year, known as  "fichier des écritures comptables", or FEC.

This obligation applies to companies that use software to manage their accounts. FECs are submitted to the French tax authorities. The penalty for non-compliant or late FECs is a fine of 10% of any tax adjustments, with a minimum fine of €5,000.

Does your FEC comply with the French tax authorities’ specifications? Are you prepared for a tax audit? Learn more about FEC 4.0, the PwC solution that ensures your accounting entries are consistent from a technical/accounting and tax perspective.


Benefits of FEC 4.0

scheduleTime saving

Within a few days, you get your results and can start to regulate the situations identified at risk.

find_in_pageAccess your data at the most detailed level

Your data is treated securely with no risk of exposure.

check_circleCheck the quality and compliance of your FEC file

Before handing over your file to the tax authorities, you can be sure to identify the risk areas in advance.

supervisor_accountAnticipate tax audits

You can prepare for your FEC file with peace of mind by identifying risk areas and anticipating questions from the tax administration.

The accounting records file is now the keystone of the digitalization of tax auditing. The use of the FEC by the administration has reached a cruising speed. The auditor general is now able to establish a very detailed accounting compliance report. The number of formal notices in the rectification proposal to bring the information system into compliance with French accounting rules for the audited entity is increasing, as are the specific subjects of adjustment. In this context, in order to avoid the application of penalties or even the rejection of the accounts, the subject of the accounting and tax compliance of the FEC must imperatively be treated before the tax audit by a detailed analysis of the files.

Jean Sayag, Tax Partner & Lawyer at PwC Société d'Avocats



Compliance review
800€ without restitution / 2,500€ with restitution

Option 1: Access to a detailed level of data (KO files), 500 euros

Option 2: New version of the compliance report, € 1,000

Compliance, tax and in-depth syntax review
10,000€with restitution

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What accounting records should be shared to assess FEC compliance?

The documents to be shared on our secure platform are the accounting entries file, the closing balance and the information sheet (if existing).

How are the FEC and the closing balance used to build the tax return analyzed by FEC 4.0?

Your tax documents are subject to two assessments:

  • The compliance assessment analyzes the technical, accounting and framing aspects.
  • The tax assessment analyzes the tax data to identify potential adjustments or issues that the administration may raise.
How does PwC work with data analysis?

After the transmission of your accounting documents, the experts deliver the balance in a predefined format common to the review automation. The closing balance is also formatted to be analyzed by the solution.
If you have not submitted a data sheet, the PwC experts will search for the information in the FEC.
Once all the data is loaded, the analysis of your data is based on the same methodology used by the tax authorities. The team dedicated to dematerialized taxation and computerized controls provides insight into the tests performed by the solution. It is accompanied by all of the firm's expertise (corporate tax, VAT, transfer pricing, local taxes, etc.) to customize your summary reports according to your needs and your activity.

Is it possible to have a feedback of the tax and compliance review?
  • It is possible to organize the interactive presentation of the results within our immersive space dedicated to strategic thinking: the PwC Delta Room. This context allows for immersion, sharing and collaborative work, while navigating through the data.

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