New requisites in the Electronic Accounting

New requisites added to the Electronic Accounting

Following up with the past entry’s topic: “Electronic Accounting as a method for fiscal control”, which you can findhere”, we will further talk about the changes that this Electronic Accounting: 1.3 Version implies.

The SAT published on its website since the 6th of January of 2017 the Annex 24. This annex explains the new requisites that will have to be added to the files that are sent in order to comply with the Electronic Accounting. It is worth mentioning that these changes will start on June 1st of 2017, which is why the accounting records of this month will have to include these new requirements.

 

Main changes to be considered with the Electronic Accounting

 

With this new 1.3 version, the files demandable by the SAT will be 5:

-          Chart of Accounts

-          Trial Balance

-          Entries of the Period

-          Detail of the Fiscal ID of Electronic Invoices

-          Detail of Accounts and Sub-Accounts

 

The main changed presented is that, from now on, the information related to the Checks, Wire Transfers and Other payment methods will have to be added to each accounting record, whether they come from an expense or an income. Before this change, this was only applicable for expenses.

 

Obligation of the taxpayer with this new version

 

The obligation of sending the electronic accounting stays the same: only the Trial Balance will be sent monthly and the Chart of Accounts will be send only when there are changes to said Chart. The other 3 files will be demandable in case of an audit by the authority, which is why it is so important to be sure of having the technological capabilities for the generation of said files.

 

On paper it might not sound like a big change, but the fact that you will have to add information related to the incomes becomes a significant fiscal burden on the taxpayers (or the accountants of the taxpayers), who will have to take into consideration these new regulations when elaborating their fiscal records.

 

If you consider that this change represents a risk for the punctual compliance of your obligations, or if you have any questions about it, please do not hesitate to contact us.

 

L.C.P. | Daniel Ramsés Ramírez Cerecero

Terán Rojas & Associates.