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
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
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
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
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
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
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
