Layer 1

Oracle NetSuite
Tax Compliance for Ecuador

The LatamReady SuiteApp extends the power of Oracle NetSuite Cloud ERP to enable international corporations to achieve full tax compliance in Latin America.

An innovative Built-for-NetSuite solution, the LatamReady SuiteApp natively supports Tax & Accounting Compliance, Tax Reporting, Electronic Invoicing, and many more amazing features for 18+ Latin American countries, including Ecuador!​

​Find more details and customer reviews at www.SuiteApp.com

About LatamReady





LatamReady SuiteApp
Ecuador

The LatamReady SuiteApp is always up to date with all monthly and annual tax reporting forms, making it easy for companies to comply with local tax reporting requirements in Ecuador.

See Standard Features

LatamReady SuiteApp Ecuador - Standard Features

  • 1.Local legally required information (RUC, Tipo de persona, Reg.Fiscal Preferente)
  • 2.Local transaction types and information required to produce legal ledgers required by ATS (Ecuadorian Tax Agency)
  • 3.Withholding Taxes Engine using NetSuite standard feature: IVA, IR, Fuente, Honorarios.
  • 4.Purchases Withholding Taxes Certificates numbering
  • 5.Nine (9) reports to be uploaded via the official macro provided by ATS (CSV & XML format):
  • i.Informante
  • ii.Anulados
  • iii.Compras - Detalle
  • iv.Compras - Método de Pago
  • v.Compras - Reembolsos
  • vi.Compras - Retenciones
  • vii.Ventas - Clientes
  • viii.Ventas - Establecimiento
  • ix.Ventas - Exportación
  • 6. Set of 11 Reports/Audit Reports/Searches/Alerts developed by LatamReady

  • i.Is a set of non-legal reports
  • ii.This set of reports has been developed to be used to analyze, review and validate the information to be sent to SRI (Ecuatorian Tax Agency)
  • 7. Generation of reports:

  • i.ATS en Ventas a Clientes
  • ii.ATS Compras
  • iii.ATS Retenciones a la Compra
  • iv.Withholding a nivel de linea las tansacciones
  • Tax Agencies

    We work in an integrated way with the tax agencies of each country we serve; in Ecuador, we work with Servicios de Renta Interna.

    Electronic Invoicing
    Features for Ecuador

    Electronic Invoicing

    LatamReady offers a complete solution within NetSuite for electronic documents in Ecuador.

    Easily manage E-invoices, Credit & Debit memos, Waybills, and more! With the LatamReady SuiteApp, international corporations can issue E-invoices from inside of NetSuite and generate pixel-perfect electronic documents with a simple click of a button.

    LatamReady SuiteApp users can now utilize the massive billing feature with automatic configuration for NON-electronic documents.

    Does your subsidiary issue hundreds or thousands of E-documents? Ask for our advanced solutions for bulk processing E-documents!

    See E-Invoicing Details

    Via COMFIAR Ecuador (NetSuite E-Invoicing module is required). COMFIAR Ecuador is the E-Invoicing local supplier directly connected to NetSuite. Includes five (5) E-Documents:

  • a.Electronic Invoice
  • b.Electronic Debit Memo
  • c.Electronic Credit Memo
  • d.Vendor VAT Retention
  • e.Electronic Waybill (Exclusively sales Waybills)

  • Electronic Payments
    Features for Ecuador

    LatamReady Supports Massive Bill Payments

    Via NetSuite's Electronic Payments SuiteApp, LatamReady enables companies to make massive electronic payments that follow the specific local formats required in Ecuador.

    LatamReady works with the following local banks in Ecuador:

  • Banco Pichincha
  • Produbanco
  • Banco de Guayaquil



  • NetSuite Editions:
    OneWorld & Midmarket Edition / Legacy & SuiteTax Instances

    The LatamReady SuiteApp fully supports all NetSuite's editions in Ecuador! Unlock opportunities for your growing company by extending the power of NetSuite with our innovative tax compliance solution.

    Customer Care Support
    For Ecuador, 18+ Latin American Countries

    Always Up to Date!

    Our service includes unlimited legal updates for 18+ Latin American countries.

    Tax rules in Ecuador are continuously changing and evolving.

    LatamReady, combining local tax advisory in each country and the biggest NetSuite software factory in the region, will ensure that your subsidiary always remains compliant.

    Included in your annual subscription is unlimited customer care support in 3 languages: English, Portuguese, and Spanish.

    Additionally, LatamReady releases 2 official versions per year, always Built-For-NetSuite certified by Oracle.


    LatamDojo
    E-Learning Platform

    NetSuite Training on Demand

    LatamDojo, our E-Learning Platform, includes thousands of training videos explaining how to be and remain compliant in Latin America with Oracle NetSuite and LatamReady!


    LatamReady Pricing List

    Choose your edition and start working with NetSuite all across Latin America!


    Customer Reviews



    ​Read more customer reviews at www.SuiteApp.com

    Schedule a Call with a
    NetSuite Expert!
    ⬇⬇⬇

    Considerations

    Chart of Accounts:

  • a.Ecuador Government does not require the use of a Statutory Chart of Accounts
  • b.If the Customer decides to use an Ecuador-specific COA (instead of the Corporate COA): LatamReady requires the use of NetSuite Multi-Booking feature

  • Legal Ledgers:

  • a.Most Latin American countries are in transition to exclusively require electronic versions of legal ledgers. In some countries, companies are still able to choose between the use of electronic or printed version of legal ledgers
  • b.LatamReady legal ledgers are exclusively offered following the electronic version (fields, columns and order)
  • c.Electronic version of legal ledgers can be downloaded in CSV format
  • d.Printed version of legal ledgers are not included.
  • e.LatamReady includes “Accounting Book” filter in Legal Ledgers for Multi-Booking implementation.
  • Average Costing:

  • 1.In Latin America, the legally required type of costing is Average Costing
  • 2.Latin American subsidiaries configured in NetSuite are required to transact using Average Costing

  • Safe Harbor

    Safe Harbor Statement

    All forward-looking statements (future LatamReady SuiteApp releases) are intended to outline our general product direction. They are intended for information purposes only and are not incorporated as part of our contracts. It is not a commitment to deliver any feature or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for LatamReady’s products remains at the sole discretion of LatamReady.

    Ecuador Is Ready. Are You?