Chart of Accounts for Mexico Report

This topic includes details about the Chart of Accounts for Mexico report.

Overview

Companies in Mexico must submit accounting information to the tax authorities. According to the new government regulations, companies must upload accounting information to the Tax Administration Services (SAT) internet portal through a registered email account.

Note: You can use your taxpayer identification registry (RFC) to register your email on the SAT portal.

Fiscal authorities in Mexico publish the official chart of accounts that all companies must use to report accounting information. This referential chart of accounts assigns a code to each account, and a level to identify parent/child relationships for reporting purposes. You must set up these codes in Oracle Fusion Cloud Applications .

This image shows an example of the report:

Key Insights

You must map accounts from your company's chart of accounts to the SAT grouping codes in the Chart of Accounts Mapping page. Only the accounts that are mapped to the SAT grouping codes are included in the report.

You can define the company's natural account segment as a single level or a hierarchy. If you implement an account hierarchy, a child account can have a single parent account (recommended) or multiple parent accounts. When a child account has multiple parent accounts, only the immediate parent appears on the report. You can map more than one account to a given SAT grouping code.

Before you run the report, ensure the natural accounts appear at the correct level in the account hierarchy. Perform the following steps to update the level of natural account according to the account hierarchy:

1. In the Setup and Maintenance work area, select these options:

   • Offering: Financials

   • Functional area: Financial Reporting Structure

   • Show: All Tasks

   • Task: Manage Account Hierarchies

2. Select the account.

3. From the Actions menu, select Flatten and click Row Flattening.

4. Click Force Flatten.

5. From the Actions menu, select Flatten and click Column Flattening.

6. Click Force Flatten.

Note: To run the Chart of Accounts for Mexico process from the Scheduled Processes page, you must give access to the user you use to manage the electronic accounting reports for Mexico. For more information, see the Enable the Mexican Reporting Processes topic.

Report Parameters

This table describes the selected process parameters.

Parameter	Description
Seal	Enter the digital electronic seal information provided by the fiscal partner.
Certificate Number	Enter the certificate number information provided by the fiscal partner.
Certificate	Enter certificate information provided by the fiscal partner.
Format Version	Enter the format version of the file defined by the Government of Mexico. It can change over time, such as 1.1, 1.2, and 1.3. Currently it defaults to 1.3.
Chart of Accounts Mapping	Enter the chart of accounts mapping created for Mexico.
Legal Entity	Enter the legal entity, which determines the RFC number to be stamped on the report.

Frequently Asked Questions

This table lists frequently asked questions about the Chart of Accounts for Mexico report.

FAQ	Answer
How do I find this report?	Schedule and run this report from the Scheduled Processes work area on the Navigator menu.
Who uses this report?	Financial accountant
When do I use this report?	Use this report to provide detailed chart of accounts information to the tax authorities in Mexico.
What type of report is this?	Oracle Analytics Publisher