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 Paraguay
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 Paraguay.
LatamReady App Paraguay - Standard Edition
- 1.Local legally required information (NIT, Tipo de persona)
- 2.Local transaction types and information required to produce legal ledgers required by local Tax Agency
- 3.Withholding Taxes Engine using LatamReady WHT engine includes:
- 1. WHT Receipts. Is applied only on accrual
- 2.WHT on Payments
- 4.Reports to be presented to local Tax Agency:
- i.Libro de Compras IVA (CSV format)
- ii.Libro de Ventas IVA (CSV format)
LatamReady
App Paraguay
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)
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 Paraguay
Always Up to Date!
LatamDojo
E-Learning Platform
NetSuite Training on Demand
Chart of Accounts:
- a.Paraguay Government does not require the use of a Statutory Chart of Accounts
- b.If the Customer decides to use a Paraguay specific COA (instead of the Corporate COA): LatamReady requires the use of NetSuite Multi-Booking feature
Legal ledgers:
- a.Most of 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