Community
I was on the phone with two Fortune 500 companies yesterday to discuss Latin America electronic invoicing. And as I often am, was shocked that they had taken no steps toward implementing Mexico CFDI invoicing either on the outbound side nor on the inbound supplier side. In our conversations with the accounts payable team, the inbound Buyer side requirements in Mexico are often overlooked. I want to use this article to discuss.
They are overlooked for three reasons:
Let's address each one of these one by one:
Make sure you address the needs on the outbound account receivable side as well as the account payable side - they affect your ability to deduct your taxes, expose you to local penalties, and expose you to FCPA (Foreign Corrupt Practices Act) accounting provision issues if not managed correctly.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Taras Boyko Founder at BTG Corporate Services Provider
12 May
Ted Sausen Director - AML Subject Matter Expert at NICE Actimize
09 May
Scott Dawson CEO at DECTA
08 May
Vitaliy Shtyrkin Chief Product Officer at B2BINPAY
07 May
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.