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
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
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
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
