Did you know that E-invoicing or electronic invoicing is the exchange of electronic billings between a supplier and a buyer? The purpose of this document is to ensure the improvement of tax control, issue debit memos, credit memos, withholding taxes, etc. When it comes to tax compliance within NetSuite in the LatAm region there is no other. LatamReady SuiteApp offers a lot of custom fields in order to complete specific classifications from the tax authorities according to each customer.
Tell me more about features LatamReady has for E-invoicing!
In most Latin American countries ‘Electronic Invoicing’ are mandatory documents. For E-invoicing, first, we need to set specific values or requirements on the customer record. Because of that, LatamReady has specific classifications from the tax authority and other information needed to create the XML file which will be sent to the tax agency. Each country has specific requirements and documents that need to be presented by the end of each period.
What’s happening with E-invoicing in Argentina?
In Argentina, we can find a lot of document types such as “factura A”, “factura B”, etc, according to the company type. Also in the case of Argentina’s customers, we need to set the perception of what is a withholding tax type and the relation with E-invoicing, plus before sending this information to the tax agency, the user needs to classify the invoice transaction. LatamReady SuiteApp offers custom fields in order to complete specific classifications from the tax authorities according to each customer. Likewise In the E-invoicing transaction that the user creates in NetSuite, the user needs to complete all the LatamReady localization fields to come up with the correct document.
What’s the safest option for E-invoicing in LatAm within NetSuite?
LatamReady works hard every single day to provide the best experience for all the NetSuite users in the LatAm Space. LatamReady SuiteApp is the ultimate solution to all your tax compliance problems as it includes Withholding taxes, E-invoicing, E-payments, Legal Ledgers, and many other features within NetSuite.
That’s why, to be aware of the changes that are happening regarding tax compliance not only in Argentina but also Brazil, Mexico, Colombia, and 18+ other countries in the Latin American space please check http://www.latamready.info. Or feel free to call one of our sales reps at +1-786-600-2641.