Archive for Accounting

Brazil 2016 SPED Requirements: Block K (Bloco K) Adds Complex Inventory and Production Reports

Not only do companies need to update their cost accounting practices – many of which currently lack the detailed information needed – they also have to ensure their reports and processes adhere to each variation in local requirements.

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Tennant Company selects Invoiceware International to automate Mexico’s new tax reporting requirements

Industrial cleaning solution manufacturer turns to Invoiceware’s Latin American Compliance Solution to minimize audit risks and support Mexico’s latest electronic accounting mandates.

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New Chilean e-invoicing requirements Starting December 2015 [eBook]

In 2014, Chilean companies with revenues of >$4.2 million required to implement e-invoicing. As of December 2015 Chilean companies generating revenues of >$100,000 are required to start with e-invoicing and libros processes.

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Why Mexcian Acccounts Payable SHOULD be automated

New Mexican eContabilidad (eAccounting) requirements go into effect this September. The SAT, Mexico’s tax authority, will now have the ability to examine accounting reports and subsequent line item tax deductions, requiring added Accounts Payable diligence.

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eFinans featured in Billentis Market Report 2015

eFinans is proud to appear in the Billentis Market Report 2015. Only in its second year of operation, eFinans continues its vision of establishing international ties by appearing in the much respected report. eFinans, featured on page 99, is the only Turkish member of EESPA.

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Transactional Implications Beyond LATAM E-invoicing: Tax Reporting

Latin American governments aren’t introducing and expanding e-invoicing mandates at a rapid rate simply to create more data. These invoices are used to support and verify tax deductions and refunds.

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Drowning in invoices – AP Departments unable to cope

January 29, 2015  |  Accounting, Invoice Automation

The 2014 AP Automation Study found that AP operations are dealing with increasing volumes of invoices. And that the use of OCR in AP departments is up from 23% to 38%. This signals improvements in revenue and a recovering economy. . But it isn’t all good news.

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Hungary changes rules for tax invoicing

Tamas Vekasi from Ernst & Young mentioned in this post that the Hungarian Minister for the National Economy published a decree changing the rules for tax invoices and cash receipts and the rules related to tax authority audits of invoices stored in electronic format, with a widespread effect on enterprises.

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Spanish Hacienda wants real time information on commercial transactions

With the SII (Suministro Inmediato de Información) system, taxpayers must submit details of invoices issued and received to the Tax Agency no later than 4 days after each billing. This means that the “record books” will be managed through the Tax Agency website.

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Mexico eContabilidad SAT updates focus on Corporations in 2015

The Mexico SAT has doubled down on their eAccounting requirements with a focus on corporations. While the go-live date has transitioned from January 25 to March 3rd, this doesn't mean you should delay your implementation. Watch this 20-minute overview to understand the key changes and how they will affect your company going forward.

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