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.Withholding Taxes Engine using NetSuite standard feature: IVA, IR.
- 2.Purchases Withholding Taxes Calculation. (Only e-invoice)
Electronic Invoicing
Features for Guatemala
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)
- a.Electronic Invoice
- b.Electronic Debit Memo
- c.Electronic Credit Memo
- d.Vendor VAT Retention
Electronic Payments
Features for Guatemala
- 1.Banco Industrial
LatamReady Add-Ons
NetSuite Editions:
OneWorld & Midmarket Edition / SuiteTax & Legacy
Customer Care Support
for Guatemala
Always Up to Date!
LatamDojo
E-Learning Platform
NetSuite Training on Demand
Chart of Accounts:
- a.Guatemala Government does not require the use of a Statutory Chart of Accounts
- b.If the Customer decides to use an Guatemala-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