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, Tax Reporting, Electronic Invoicing, and many more amazing features for 18+ Latin American countries, including Peru!
About LatamReady
Tax Determination &
Tax Information Reporting Features for Peru
The LatamReady App is always up to date with all monthly and annual tax reporting forms (Tax Authority - SUNAT), making it easy for companies to comply with local tax reporting requirements in Peru.
The LatamReady App fully supports NetSuite's multi-booking feature and includes the following ledgers for legal reporting in Peru (Tax Authority - SUNAT):
- 1.1 Libro caja y Bancos - Detalle de los Movimientos del Efectivo
- 1.2 Libro caja y Bancos - Detalle de los Movimientos de la Cuenta Corriente
- 5.1 Libro Diario
- 5.3 Libro Diario - Detalle del Plan Contable Utilizado
- 6 Libro Mayor
- 8.1 Registro de Compras
- 8.2 Registro de Compras - Información de Operaciones con Sujetos No Domiciliados
- 8.4 Registro de Compras (RCE - SIRE)
- 8.5 Registro de Compras - Información de Operaciones con Sujetos No Domiciliados (SIRE)
- 13.1 Registro de Inventario Permanente Valorizado - Detalle del Inventario Valorizado
- 14.1 Registro de Ventas e Ingresos
- 14.4 Registro de Ventas e Ingresos (RVIE - SIRE)
- 7.1 Registro de Activos Fijos - Detalle de los Activos Fijos Revaluados y No Revaluados
- 7.3 Registro de Activos Fijos - Detalle de la Diferencia en Cambio
Tax Rules & Tax Calculation Features for Peru
Tax Calculation
- 1.Withholding Taxes
- 2.Detracciones
- 3.VAT (IGV)
Tax Agencies
Withholding Tax Certificates Formats
Local Tax ID Validation
Letras
NetSuite MidMarket Edition
Localized Expense Reports
Exclusive Peru Features
- IGV and recognition of the Consumption of Plastic Bags Tax in the Purchase Registry.
- Mirror impact recognition on level 6 and 9 accounts: Legally, accounts 6 and 9 must be the same in Peru. According to the mapping indicated by the client, we automatically generate the accounting impact at the time of transaction registration.
- Module for the generation of the payment file for deductions to suppliers: We generate this file both for the Banco de la Nación and for the payment with the clave sol. When registering the payment in NetSuite, the purchase invoices are automatically recognized in the electronic purchase book.
- Recognition of income tax in Non-residents: Succession of income tax in supplier documents to be reported in the Non-resident Purchase Registry (8.2)
Electronic Invoicing
Features for Peru
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)
Electronic Payments
Features for Peru
LatamReady Supports Massive Bill Payments
- 1.BCP
- 2.Scotiabank
- 3.Banco de la Nacion
- 4.Interbank
- 5.BBVA
- 6.Banbif
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 Peru
Always Up to Date!
Our service includes unlimited legal updates for 18+ Latin American countries.
Tax rules in Peru 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.
Additionally, LatamReady releases 2 official versions per year, always Built-For-NetSuite certified by Oracle.
LatamDojo
E-Learning Platform
NetSuite Training on Demand
- 1.Chart of Accounts:
- a.Chart of Accounts is statutory in Peru
- b.LatamReady requires transactions to be performed using local statutory COA and map local COA to corporate COA using NetSuite Multi-Booking feature (implementation / configuration are not included
- 2.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.
- 3.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
- 4.Double accounting in Peru: by Nature and by Function:
- a.Double accounting for the same posting is not supported by NetSuite
- b.IMPORTANT: Double accounting is not legally required
- c.LatamReady suggest to exclusively perform accounting posting by Nature (Class 6 expense accounts)
- d.Information by Function could be worked by NetSuite segmentation (departments, classes) and via custom reports (not included)
- 5.Double Exchange Rate (Sales and Purchase Exchange Rates):
- a.NetSuite supports one single Exchange Rate to be used as automatic suggestion for registering a new transaction in a foreign currency
- b.LatamReady suggests to register Sales Exchange Rate
- c.For Purchasing and Bank transactions: the user, with the correct role, will be able to edit/change the exchange rate for each transaction and manually update the suggested Exchange Rate to the Purchase Exchange Rate