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​Oracle NetSuite Tax Compliance for Guatemala


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, Electronic Invoicing, and many more amazing features for 18+ Latin American countries, including Guatemala!

About LatamReady




LatamReady
​App Guatemala

LatamReady App Guatemala - Standard Features

  1. 1.Withholding Taxes Engine using NetSuite standard feature: IVA, IR.
  2. 2.Purchases Withholding Taxes Calculation. (Only e-invoice)

Electronic Invoicing
​Features ​for Guatemala

LatamReady offers a complete solution within NetSuite for electronic documents in Guatemala. The LatamReady App supports:

LatamReady offers a complete solution within NetSuite for electronic documents in Guatemala. The LatamReady App supports:

  • 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 (Add-On): Several Bulks, designed for tens of thousands of documents.
  • In Bulk (Add-On): Optimized for processing up to 200 documents simultaneously.
  • Ecommerce Edition (Add-On): Specifically for high-volume Ecommerce companies.

Easily manage E-invoices, Credit & Debit memos, and more! With the LatamReady App, international corporations can issue E-invoices from inside of NetSuite and generate pixel-perfect electronic documents with a simple click of a button. LatamReady Localization allows you to issue electronic documents both locally and abroad.


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

Includes the following electronic documents:

  • Electronic Invoice (FACT)
  • Electronic Invoice (Timbre de Prensa)
  • Credit Note (NCRE)
  • Debit Note (NDEB)
  • "Nota de Abono" (Rebate Note)
  • "Factura Cambiaria" (Exchange Invoice)
  • Export Invoice
  • Export Invoice with FACP (Related)
  • Export Invoice with FACP
  • Export Credit Note (NCRE)
  • Export Debit Note (NDEB)
  • Special Invoice (FESP) - Vendor Bill
  • Cancellation (Anulación)
  • EI: Advanced Sales Flow
  • Automatic Set (Universal Setting)
  • Latam Link (Exchange Rate)

Electronic Payments
​​Features for Guatemala

Via NetSuite's Electronic Payments App, LatamReady enables companies to make bulk electronic payments that follow the specific local formats required in Guatemala. LatamReady works with the following local banks:

  1. 1.Banco Industrial
  2. 2.Banco Continental


LatamReady Add-Ons

Massive Electronic Invoicing Module: Sending electronic documents in batches or groups. (This also includes automatic configuration and emailing to customers).

  • Automatic Set: Automatic filling of transaction fields to be processed in electronic invoicing based on the configuration in the customer file.
  • Sending Emails to Clients: Automatic sending of emails to customers once the electronic document has been authorized by the government.

Annual Legal Ledgers: Annual legal reports are a complete summary of the different parts of your year's accounting operations required to achieve compliance with the country's tax entity.

NetSuite Editions:
​OneWorld & Midmarket Edition / SuiteTax & Legacy


The LatamReady App is compatible with the NetSuite SuiteTax version and supports Legacy.

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

Customer Care Support
​for Guatemala

Always Up to Date!


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

Tax rules in Guatemala 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.


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!



Schedule a Call with
​a NetSuite Expert!


Chart of Accounts:

a. The Guatemala Government does not require the use of a Statutory Chart of Accounts.

b. If the Customer decides to use a Guatemala-specific COA (instead of the Corporate COA), LatamReady requires the use of the NetSuite Multi-Booking feature


Legal Ledgers:

a. LatamReady legal ledgers are exclusively offered in their electronic version (fields, columns, and order).

b. Electronic versions of legal ledgers can be downloaded in CSV format.

c. Printed versions of legal ledgers are not included.

d. LatamReady includes the "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 Statement

All forward-looking statements (future LatamReady App 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.