The LatamReady App 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 App natively supports Tax & Accounting Compliance, Tax Reporting, Electronic Invoicing, and many more amazing features for 18+ Latin American countries, including Colombia!
About LatamReady
Tax Determination &
Tax Information Reporting Features for Colombia
The LatamReady App 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 Colombia.
Plus! A set of Reports/Audit Reports/Searches/Alerts developed by LatamReady
The LatamReady App includes a set of non-legal reports that our local users can utilize to review and validate legal reporting information as a previous task before sending/uploading the information to the local tax authority.
The LatamReady SuiteApp fully supports NetSuite's multi-booking feature and includes the following ledgers for legal reporting in Colombia:
1. Monthly legal ledgers (CSV format):
- i.Balance de Comprobación de Terceros
- ii.Libro Diario
- iii.Libro de Inventario y Balance
- iv.Libro Mayor y Balance
2. Exógeno DIAN
- i.1001 Pagos y Abonos en Cuenta y Retenciones Practicadas
- ii.1003 Retenciones en la Fuente que le Practicaron
- iii.1005 Impuesto a las Ventas por Pagar - Descontable
- iv.1006 Impuesto a las Ventas por Pagar (Generado) e Impuesto al Consumo
- v.1007 Ingresos Recibidos
- vi.1008 Saldos de Cuentas por Cobrar al 31 de Diciembre
- vii.1009 Saldos de Cuentas por Pagar al 31 de Diciembre
- viii.1012 Información de Declaraciones Tributarias, Acciones, Inversiones en Bonos Títulos Valores y Cuentas de Ahorro y Cuentas Corrientes
3. Exogenos Distrito Capital Bogota
- i.ART 1. Información de Ingresos Obtenidos por Actividades Excluidas o no Sujetas
- ii.ART 2. Información de Compras de Bienes y/o Servicios
- iii.ART 4. Información que deben Reportar los Agentes de Retención del Impuesto de Industria y Comercio (ICA)
- iv.ART 6. Información que deben Reportar los Sujetos de Retención del Impuesto de Industria y Comercio
- a.Certificado de Retención
Tax Rules & Tax Calculation Features for Colombia
Tax Calculation
- Withholding Reclassification (For Sales and Purchases)
- Withholding Support by totals or lines (as applicable to the company)
Tax Agencies
Withholding Tax Certificates Formats
Local Tax ID Validation
LatamTax pre-configured set of taxes includes:
1. ICA
2. IVA
3. Fuente
Electronic Invoicing
Features for Colombia
Send E-Invoices Directly from Inside NetSuite
- One by one: A 2-step process that follows the NetSuite standard for issuing electronic invoices. The first step is to create and the second step is to generate and send each invoice one by one manually.
- Massive: Several In Bulks, tens of thousands of documents. (Add-On)
- In Bulk: for 200 documents. (Add-On)
- Ecommerce Edition: for Ecommerce companies. (Add-On)
Supported E-Documents Include:
- 1.Factura
- 2.Nota de Crédito
- 3.Nota de débito
- 1.Documento de Soporte
- 2.Nota de Ajuste
Electronic Payments
Features for Colombia
LatamReady Supports Massive Bill Payments
- 1.BanColombia
- 2.Davivienda
- 3.ITAU
- 4.Scotiabank Colpatria
- 5.Santander
- 6.BBVA
- 7.Caja Social
- 8.Av Villas
- 9.BCSC
- 10.Banco de Bogotá
LatamReady Add-Ons
- 1.Sales Order
- 2.Credit Memo
- 3.Customer Payment
- 4.Invoice
- 5.Journal Entry
- 6.Purchase Order
- 7.Vendor Bill
- 8.Vendor Credit
- 9.Vendor Payment