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Oracle NetSuite
Tax Compliance for Peru

The LatamReady SuiteApp 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 SuiteApp natively supports Tax & Accounting Compliance, Tax Reporting, Electronic Invoicing, and many more amazing features for 18+ Latin American countries, including Peru!

​Find more details and customer reviews at www.SuiteApp.com

About LatamReady





Tax Determination & Tax Information Reporting
Features for Peru

The LatamReady SuiteApp 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 Peru.

Plus! A set of Reports/Audit Reports/Searches/Alerts developed by LatamReady

LatamReady SuiteApp includes a set of non-legal reports that our local users find useful to review/validate legal reports information as a previous task before sending/uploading the information to the local tax authority.

See Peru Ledgers

The LatamReady SuiteApp fully supports NetSuite's multi-booking feature and includes the following ledgers for legal reporting in Peru:

Peru Monthly Ledgers - PDT:

1. PDT 601 Recibos por Honorarios

2. PDT 621 Comprobante de Percepción Sunat

3. PDT 626 Comprobante de Retención Sunat

4. Comprobante de Detracción Sunat

5. Reporte DAOT

Peru Monthly Ledgers - PLE:

1. Comprobantes Retención PDF

2. Libro de Caja y Bancos Cuenta Corriente 

3. Libro de Caja y Bancos Efectiva

4. Libro de Retenciones

5. Libro Diario Electrónico 

6. Libro Mayor Electrónico

7. Registro de Compras Electrónico

8. Registro de Compras No Domiciliado Electrónico

9. Registro de Ventas Electrónico

10. Kardex

Inventory and Balance Ledgers (Annual):

1. Balance de Comprobación 

2. Libro De Inventarios Y Balances - Detalle Del Saldo De La Cuenta 10 Efectivo Y Equivalentes De Efectivo.

3. Libro De Inventarios Y Balances - Detalle Del Saldo De La Cuenta 12 Cuentas Por Cobrar Comerciales – Terceros Y 13 Cuentas Por Cobrar Comerciales – Relacionadas

4. Libro De Inventarios Y Balances - Detalle Del Saldo  De La Cuenta 14 Cuentas Por Cobrar Al Personal, A Los Accionistas (Socios), Directores Y Gerentes (2)

5. Libro De Inventarios Y Balances - Detalle Del Saldo De La Cuenta 16 Cuentas Por Cobrar Diversas - Terceros O Cuenta 17

6. Libro De Inventarios Y Balances - Detalle Del Saldo De La Cuenta 19 Estimación De Cuentas De Cobranza Dudosa 

7. Libro De Inventarios Y Balances - Detalle Del Saldo De La Cuenta 41 Remuneraciones Y Participaciones Por Pagar 

8. Libro De Inventarios Y Balances - Detalle Del Saldo De La Cuenta 42 Cuentas Por Pagar Comerciales – Terceros Y La Cuenta 43

9. Libro De Inventarios Y Balances - Detalle Del Saldo De La Cuenta 46 Cuentas Por Pagar Diversas – Terceros Y De La Cuenta 47

10. Libro Inventario Y Balance Estado Resultados

  • 11.Libro Inventario Y Balance Estado Situación Financiera
  • Learn more about legal ledgers with NetSuite in Peru!


    Tax Rules & Tax Calculation Features for Peru

    Tax Calculation

    LatamTax, LatamReady’s Tax Engine developed inside of NetSuite and designed exclusively for Latin America, takes care of the complexity of local Withholding Taxes in Sales and Purchases.

    LatamTax pre-configured set of taxes includes:

  • 1.Withholding Taxes
  • 2.Detracciones
  • Exchange Rate

    The LatamReady SuiteApp supports exchange rates for sales and purchase transactions.

    Tax Agencies

    We work in an integrated way with the tax agencies of each country we serve; in Peru, we work with SUNAT.

    Withholding Tax Certificate Formats

    LatamTax produces Withholding Tax Certificates in the format required by suppliers.

    Local Tax ID Validation

    No more local Tax IDs incorrectly registered! LatamReady includes the local validation algorithm required to verify local Tax IDs.

    Letras

    LatamReady supports the local practice of exchanging customers' invoices for Letras.

    NetSuite MidMarket Edition

    LatamReady’s SuiteApp also works in the Mid-Market Edition with transaction payments, withholding taxes and billing transactions.

    Localized Expense Reports

    Expenses (e.g. meals, travels, petty cash, etc.) are required to be included in legal ledgers. It is possible now with LatamReady!

    Electronic Invoicing
    Features for Peru

    Send E-Invoices Directly from Inside of NetSuite

    LatamReady offers a complete solution within NetSuite for electronic documents in Peru.

    Easily manage E-invoices, Credit & Debit memos, Waybills, and more! With the LatamReady SuiteApp, international corporations can issue E-invoices from inside of NetSuite and generate pixel-perfect electronic documents with a simple click of a button.

    The local E-Documents supported are:

  • 1.Factura
  • 2.Boleta
  • 3.Nota de Crédito
  • 4.Nota de Débito
  • 5.Guia de Remisión
  • LatamReady SuiteApp users can now utilize the massive billing feature with automatic configuration for NON-electronic documents.

    The LatamReady SuiteApp works with its own electronic invoicing module.

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

    Learn more about E-Invoicing with NetSuite in Peru!


    Electronic Payments
    Features for Peru

    LatamReady Supports Massive Bill Payments

    Via NetSuite's Electronic Payments SuiteApp, LatamReady enables companies to make massive electronic payments that follow the specific local formats required in Peru.

    LatamReady works with the following local banks in Peru:

  • 1.BCP
  • 2.BBVA Continental
  • 3.Scotiabank
  • 4.Interbank
  • 5.Banco de la Nación
  • Learn more about E-Payments with NetSuite in Peru!


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

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

    Customer Care Support
    For Peru, 18+ Latin American Countries

    Always Up to Date!

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

    Peruvian tax rules 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

    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!


    LatamReady Pricing List

    Choose your edition and start working with NetSuite all across Latin America!


    Customer Reviews



    ​Read more customer reviews at www.SuiteApp.com

    Schedule a Call with a
    NetSuite Expert!
    ​⬇⬇⬇

    Considerations


  • 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

  • Safe Harbor Statement

    Safe Harbor Statement

    All forward-looking statements (future LatamReady SuiteApp 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.

    Peru Is Ready. Are You?