Let’s meet our infamous friend, E-invoicing E-invoicing, also called electronic invoicing, can be defined as the exchange of electronic billings between a supplier and a buyer. Indeed, the purpose of this document is to ensure the terms of their trading agreements are being met also It was made as a tool to improve the tax… Continue Reading
Well, you are part of a big international corporation, you are struggling with electronic invoicing within NetSuite for your Latin American subsidiaries. However, do you even know what electronic invoicing means? No worries! LatamReady is going to explain everything to you. Please help yourself with a snack and a cup of tea, sit down, relax… Continue Reading
Christine Lagarde, the managing director of the International Monetary Fund (IMF), admitted that the institution had underestimated the complexity of current Argentina’s economic situation. That’s make invoicing in Argentina a little tricky, as you can find a lot of document types such as ‘Factura A’, ‘Factura B’, etc. But, how can LatamReady give the right… Continue Reading
Let's take a look into the ‘Withholding taxes world’ using a great tool that LatamReady offers: ‘THE CONTRIBUTORY CLASS’.
Tax reporting is all about control, and it can be a real headache for many multi latin companies who are not aware of the tax regulations in Latin America. What is the biggest challenge for those companies that want to invest in Latin America? The biggest challenge in Latin America In Latin America, the biggest… Continue Reading
Common problems faced by multi-latin companies when implementing an ERP. Many of our customers have followed the same ( wrong) formula before being introduce to the LatamReady SuiteApp. Here’s an exampleOur last customer started using ‘QuickBooks’ ( a small and medium-size business accounting software) they realized it wasn’t enough for their growing needs. Also, they… Continue Reading
Latin America is an emerging region not only full of opportunities but also challenging business wise. What are those challenges you may ask and how can we go over them and therefore make our businesses successful in the long run? Why instinct should not be existing in tax compliance? Today, we are going to focus… Continue Reading
Here is the prescription for your accounting software When a business starts growing and expanding into the Latin America, the amount of sales and tax obligations grows with it, and as expected things won’t keep working the same. Now, you find yourself in a different environment. Concepts and procedures are tricky, and you have the… Continue Reading
Argentina is one of the big four. There is Brazil, Mexico, Colombia, and Argentina, countries were there is an ambitious market for multi-latin companies, but also where we have the most challenges. What is one of those challenges? In Argentina, invoicing can be a little tricky, we can find a lot of document types such… Continue Reading
Oh Colombia, a beautiful country situated in the northwest of South America, with stunning beaches, an abundant history and a very spectacular culture. What wouldn’t US corporation want to expand its operations to that wonderful territory, right? However, before expanding your business to Latin America, specifically Colombia, let me give you a few tips that… Continue Reading
Chart of accounts is something we hear a lot about, and it usually depends on different opinions from different clients depending on their size, and where they come from. But, what is charts of accounts? It’s an accounting concept. If you have an accounting ERP, you need to use accounts , these are codes and… Continue Reading
Congratulations! Your U.S. based company has decided to expand to Latin America, and the first country of choice is Mexico. When a company opens a subsidiary in Latin America, the first challenge they face is the new back office accounting requirements. In the case of Mexico, the biggest test your company will encounter will be… Continue Reading
Tax advice is a big one when we talk about international organizations. If a foreign company ventures out to Brazil for example, they will have lots of questions. What usually happens is, they hire an accountant and they say A, they hire another accountant and they say B, and that’s the classic in Latin America,… Continue Reading
The example we always use is for explaining Latin American situation is, if you want to understand tax compliance in Latin America, then you can’t take a picture, because that picture is not going to be valid next day or next month. If you work on a list of tax compliance requirements for the countries… Continue Reading
E-invoicing is not just invoicing, we are talking about electronic documents, very similar to the concept before about tax reporting. All of the information electronically received by the tax authority in a specific format. Every single invoice, credit memo, debit memo, waybills, withholding taxes certificates, any kind of documents that needs to be submitted to… Continue Reading
The next step after-tax calculation and paying your taxes is reporting them every single month. Remember that in each country in Latin America taxes are meant to be paid monthly. Even in some cases like Argentina, you have to send some reports every two weeks. Tax reporting is all about control, it’s all about… Continue Reading
The first idea is that taxes are very similar in the US and in Latin America. In the States, you will find VAT taxes that are common here in Latin America as well. The truth is, they’re completely different things, it’s the same concept but it’s not the same way of working. We need to… Continue Reading
As your company expands to Latin America, you will definitely run into a few challenges, whether it is language or different accounting principles, Latin America is sure a field where you will need to consider new concepts and structures. Translation becomes important as names during procedures might change. Tax ID concept is known as RUC… Continue Reading
Many people assume that Electronic Invoicing is only meant to be for invoices, with no other purpose or use. However, due to the peculiar requirements Latin American countries have for Taxation, e-invoicing becomes a versatile electronic document. Before explaining its versatility, you need to understand how they work. When you issue Electronic Invoicing with LatamReady… Continue Reading
What is a SuiteApp? “SuiteApps are applications that extend NetSuite for your industry and business needs.” SuiteApps are the most amazing thing! They are third-party applications certified by NetSuite and built on NetSuite’s SuiteCloud platform. The official marketplace for these solutions can be found on SuiteApp.com you can find all the solutions from other third-party providers that… Continue Reading
Did you know that most Latin American countries will ask you for monthly electronic invoices? Yes, in 2019, every single country in Latin America has adopted electronic invoicing as mandatory. The governments, in order to control what Multi-Latin companies that operate on their countries do, demand a long list of paperwork from them every single… Continue Reading
Baz: Hi everybody! Welcome and thank you for registering to today’s webinar. This is LatamZone where you can get our monthly webinars on NetSuite about LatamReady and our localization solution. Today’s webinar is called NetSuite and Mexico: what to expect. Everything you need to know about NetSuite and Mexico is found here in today’s webinar.… Continue Reading
Baz: Hey guys thanks for coming in today! It’s one of those monthly webinars we have. It’s September. It’s that 2pm standard time webinar that we’ve been posting about all over our social media. I’m Baz, I’m here with Carlos, Edgard and Glenn. How are you feeling today gentlemen? Carlos: Great! Energized! How are you… Continue Reading
Watch the entire webinar here: https://www.youtube.com/watch?v=ThnDKUZW8gI&t=8s Baz: Hello everybody! Welcome again to the monthly show LatamZone. This is where we talk about our localization solutions for NetSuite from LatamReady, the number one NetSuite partner for international multi latin companies! Today topic is an introduction to NetSuite and Argentina, everything you need to know! Today… Continue Reading
Watch the full webinar here https://youtu.be/C7-RP7ISuKg Baz: Hi this is Baz with LatamReady for the LatamZone webinar. Check it out we are in a different location and we’ve got some things on the table. First of all before starting let’s introduce ourselves. I’m Baz, we’ve got Glenn our sales manager at LatamReady and Carlos… Continue Reading
Watch the full webinar HERE! Baz: Hello and welcome! Good afternoon to you all! This is the LatamReady webinar. We have Glenn and Carlos, our usual suspects, thanks for being here in our secret new location. We are doing something different, we want to have a little more entertainment just by changing up the… Continue Reading
Watch the full webinar HERE Baz: Hey everybody! This is the monthly LatamZone webinar. First of all, as you know, at LatamZone webinars we discuss everything about our NetSuite localizations solutions for Latin America, we are of course LatamReady. I am Baz, and here I have today with me, as usual, Glenn our sales manager… Continue Reading
Common Pitfalls with NetSuite You can watch the full webinar here! Baz: Hello and good afternoon, everybody and welcome back to LatamReady. This is our monthly webinar where we talk about everything about Oracle NetSuite. Today we have Carlos here, hello Carlos welcome! If you noticed guys, there’s one person missing, our beloved Glenn our… Continue Reading
This is the FULL TRANSCRIPTion of the Electronic Invoicing webinar on NetSuite and Latin America. Watch the full webinar at https://tinyurl.com/y9hjv5sk (Intro) Baz: Hey everybody you’ve just tuned into LatamZone! This is the monthly webinar, where LatamReady holds to talk about our localization solutions, a.k.a the LatamReady SuiteApp. Today’s topic is NetSuite and E-Invoicing with LatamReady,… Continue Reading
It’s no secret that the workplace is changing. Since just the turn of the century, Americans can undeniably feel a shift from physical to manual skills, low education positions to positions requiring higher education, and can experience an increased need for employment requiring more analytical skills. Changes as such can be due to globalization. With… Continue Reading
Nowadays it’s difficult to expand your company when their goals are only directed to a single domestic market. Many cases have shown globally conducted businesses expanding rapidly compared to those that only focus on the local markets. Why wouldn’t a company seek to grow their company and explore the opportunity in marketing their services globally,… Continue Reading
Many American companies believe that tax compliance is handled the same way as in the US. However, Latin American countries have specific requirements when it comes to tax compliance and e-invoicing. The way E-invoices work in the states… Our customers based over there issue invoices through a PDF. That PDF file is the invoice and… Continue Reading
As today’s topic : the benefit of using NetSuite in order to build CRM within the Latin American space. At OneSystem, we do use NetSuite, especially in our sales department, as it allows us to have control on how many phone calls we are performing every single day, or how many new customers or leads… Continue Reading
When opening subsidiaries in Latin America, you need to be aware of specific aspects of tax compliance that can be challenging sometimes. You probably heard of ‘Global Chart of Accounts’, multi-booking or even legal ledgers and you have no clue about how to deal with them and make your subsidiaries successful in the long run?… Continue Reading
