Mexico
Localizations
Electronic Billing Electronic Accounting
Mexico
Taxes Asset Depreciation
Localizations
ID Structure Mexican Payroll
Workday Confidential
Electronic Billing
Since 2011, the Mexican government has instituted a mandate on
electronic invoicing nationwide. In order to comply with the
Mexican treasury department, all companies must generate and
store officially approved CFDIs (Comprobante Fiscal Digital a
través de Internet).
The CFDi requires an authorized certification provider (PAC) to
stamp each invoice through the Internet. The PAC has
authorization from the SAT to validate the CFDI generated by
taxpayers, assign the UUID, and incorporate the SAT digital
seal.
Electronic Invoicing Mexico.
Source: https://www.tungsten-network.com/trending/electronic-invoicing-mexico
Electronic Billing
Solution Architecture
PAC
Mary Mark Jeff Susan Rob Rachel
Suppliers Customers
Stamping
Supplier Invoices and Customer Invoices and
Payment Complement Receipt Complement
Workday
API C
Peter Eileen Kevin
Data & Logic Users
Workday Confidential
Electronic Billing
Sending Copy to
Customer Invoice the SAT
Create
Transaction Send back the electronic
Invoice and the UUID to
Account Receivables
AR User
• Create electronic Invoice
• Annex 20 CFF – RMF
• Certifies the XML with the UUID
Send Transaction
to PAC
Customer
Send the Electronic
Invoice to The
customer
Workday Confidential
Electronic Billing
Supplier Invoice
Looks if it is cancelled
Send Electronic Supplier
Invoice • Validate:
via portal, mail, • Structure
etc.
• CSD
• UUID
Send the xml to de
PAC to be
validated
Send the electronic Invoice Receive a
and the UUID to Account notification
Payables AP User
Workday Confidential
Expenses Validation
Travel Invoice
Looks if it is cancelled
Create a Expense User
Transaction and • Validate:
upload xml file
• Structure
• CSD
• UUID
Send the xml to de
PAC to be
validated
Send the electronic Invoice Receive a
and the UUID to Account notification
Payables AP User
Workday Confidential
Electronic Accounting
As of March 2016, there is a new obligation for taxpayers to
maintain an electronic accounting system that consists of a
catalog of accounts, trial balance, and accounting entries for all
of their transactions, as well as submit this information to the tax
authorities through the Internet using an e-filing mailbox. This
obligation was established in 2014 for taxpayers with total
taxable income in excess of four million pesos who obtain rental
income, income from business and professional activities, and
income from the special tax incorporation regime.
Mexico: Electronic Accounting Reports, PWC.
Source: https://www.pwc.com/gx/en/services/people-organisation/publications/assets/pwc-
mexico-electronic-accounting-reports-for-actual-rental-expenses.pdf
Electronic Accounting
Main Structure
Layout XML Chart of Layout XML Layout XML Layout XML Auxiliary
Accounts SAT Balance Sheet SAT Journals SAT Folios and Accounts
• XML format • XML format § XML format • Formato XML
• Account mapping • Initial Balances § UUID • Detailed Journarls and
• SAT Grouper Code • Final Balances § Bank Catalogue (SAT) Accounts
• Movements § Payment Method
Catalog (SAT)
§ RFC Customers and
Suppliers
Workday
General Ledger
GL
Accounts Receivable Accounts Payables
Other Journals
Journals Journals
3rd Party Systems (e.g. Payroll, BRM, 3rd
(Transactions and (Transactions and
Party)
Workday Confidential Collection) Payments)
Electronic Accounting
Solution Proposal 1 – 3rd Party Integration
Workday
Out bound
Create Reports
Integration
GL User
Importer Folder
Layout XML Chart of
3rd Party or PAC Accounts SAT
Layout XML
Balance Sheet SAT
Convertion XML’s
Module Generation Layout XML
Journals SAT
Layout XML Auxiliary
Workday Confidential Folios and Accounts
Electronic Accounting
Solution Proposal 1 – 3rd Party Integration
https://community.workday.com/articles/311808
Taxes
Common Taxes in Mexico
Impuestos federales
•Impuesto Sobre la Renta (ISR)
•Impuesto al Valor Agregado (IVA)
•Impuesto Especial sobre Producción y Servicios (IEPS)
•Impuesto sobre automóviles nuevos.
•Impuesto sobre Depósitos en Efectivo (IDE)
•Impuesto Empresarial a Tasa Única (IETU)
Assets Depreciation
Diferent Types of Depreciation
• Depreciación Contable
• Depreciación Fiscal
• Factores de Actualiazción – INPC (Indice
Nacinal de Precios al Consumidor)
Contable
Depreciación Libro Monto mensual Libro
$1,000
Contable NIF $1,000
Fiscal NIF + ADJ $10 Fiscal
Libro
$1,010
