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
El Salvador
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 El Salvador.
LatamReady El Salvador - Standard Features
- 1.Local transaction types and information required to produce legal ledgers required by local Tax Agency
- 2.Two (2) reports to be presented to local Tax Agency:
- i.Sales (CSV format)
- ii.Purchases (CSV format)
- 3.PDF legal format to be printed using a pre-printed paper (following LatamReady’s pre-printed paper format):
- a.Invoice:
- i.Factura
- ii.Comprobante Credito Fiscal
- iii.Factura Exportacion
- a.Invoice:
- 4.LatamReady App users can now utilize the massive billing feature with automatic configuration for NON-electronic documents.
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
NetSuite Editions:
OneWorld & Midmarket Edition / SuiteTax & Legacy
Customer Care Support
For El Salvador
Always Up to Date!
LatamDojo
E-Learning Platform
NetSuite Training on Demand
Chart of Accounts:
- a.El Salvador Government does not require the use of a Statutory Chart of Accounts
- b.If the Customer decides to use an El Salvador-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:
- a.In Latin America, the legally required type of costing is Average Costing
- b.Latin American subsidiaries configured in NetSuite are required to transact using Average Costing