The LatamReady App extends the power of Oracle NetSuite Cloud ERP to enable international corporations to achieve full tax compliance in Latin America.
About LatamReady
LatamReady
App Costa Rica
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 Costa Rica.
Standard Features
- 1.Local legally required information (NITE, DIMEX)
- 2.Local transaction types and information required to generate electronic documents required by DGT (Costa Rican Tax Agency)
- 3.A basic localizations solution includes:
- a.Configuration:
- i.Taxes configuration
- ii.Withholding Taxes configuration
- b.Legal Reports:
- a.Capital de Trabajo
- b.Consumo Materias Primas y Similares (Nacional / Internadas / En Consignación)
- c.Inversión Acumulada
- d.Monto y composición del capital social (colones/dólares)
- e.Costos y Gastos de Operación
- f.Estructura y destino de las ventas
- g.Inventario de Producto en Proceso y Terminado
- a.Configuration:
- 4.The LatamReady App also has an automatic exchange type for CR transactions.
LatamReady Costa Rica
Tax Agency
Tax Agencies
Electronic Payments
Features for Costa Rica
- 1.Bac San Jose
- 2.Banco Costa Rica
- 3.Banco Nacional Costa Rica
- 4.Promerica
Electronic Invoicing
Features for Costa Rica
Send E-Invoices Directly from Inside of 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)
- a.Factura Electrónica
- b.Tiquete Electrónico
- c.Nota de Crédito Electrónica
- d.Nota de Débito Electrónica
LatamReady Add-Ons
NetSuite Editions:
OneWorld & Midmarket Edition / SuiteTax & Legacy
Customer Care Support
For Costa Rica
Always Up to Date!
LatamDojo
E-Learning Platform
NetSuite Training on Demand
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Chart of Accounts:
- a.Costa Rica’s 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