I would like to bring our attention to an upcoming solution that is part of the growing trend of standardization components in ERP for compliance data interchange in LATAM. The e-Accounting SAP solution not only follows best practices but also builds upon the existing SAP e-Invoicing standardization. Some of the benefits are not only in master data sync up and tracking but also in the ability to provide a level of flexibility to quickly build and customize around the existing government requirements.
In the case of this solution, the expectation is for a low to minimum level of customization required outside the prevalent flexibility within SAP’s design.
According to the published mandates, the information listed below has to be provided it via a “Tax Mailbox” (buzón tributario😞
1- Chart of Account: has to be provided once in the beginning and updated every time an account is added/deleted or changed
2- Balances (beginning balance, period postings: credit/debits, end balance) of all accounts: need to be generated monthly
3- Journal Entries (type, accounts, amount, taxes…), only required if the government requests it (for audit).
The information has to be reported via XML files, with formats defined in Annex24 (Anexo 24).
SAP is announced GA for October 8th, 2014. The Journal Entries report is planned for the second week of December. As the deadline is now set for January 1st for all three components, the availability looks to be early in the process and allowing additional time to adopt and integrate.
Benefits:
- With the use of the FSV, there is no need to enhance GL master data to enter SAT code.
- FSV would be a one-time activity and makes it easy to add/modify FSV items.
- All the relevant GL accounts required for the Balances reporting are already defined in the FSV.
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