Mexico Help Topics

Note:

To access the Mexico Help Topics in Spanish, select Español (Latinoamérica) from the dropdown list at the top right corner of the NetSuite Help Center.

Overview

The following help topics provide information about NetSuite features that are specific to companies doing business in Mexico. The NetSuite International Edition can be configured with capabilities and reports specific to a Mexican business setting and requirements.

To know more about localized editions of NetSuite, as well as setting up NetSuite accounts and subsidiaries, refer to the following help topics:

• NetSuite Editions Overview

• Introduction to NetSuite OneWorld — for companies using NetSuite across multiple subsidiaries and countries

• Set up NetSuite OneWorld

• Creating Subsidiary Records

Please note that general NetSuite features are covered in other chapters and topics.

General Setup

Setting Up Mexico-specific Preferences: Set up your NetSuite company and user preferences for Mexico, including date, currency, language, time zone, and support for Mexican number, phone, and address format.

Functional Areas

• Accounting

• Billing and Invoicing

• Payments

• Purchasing

• Taxation

• Reporting

To learn more about SuiteApps installation, see Installing a Bundle or Installing from the SuiteApp Marketplace.

To learn more about enabling NetSuite features, see Enabling Features.

Important:

If you do not have sufficient permissions to install SuiteApps or enable features, please contact your account administrator.

Accounting

Subarea	Feature	Description	Prerequisites
General Accounting	Mexico Localization Field Mapping	The Mexico Localization Field Mapping feature enables you to map standard NetSuite fields to categories required by the SAT. Mapped values are included in the Mexico Electronic Accounting Files and Mexico Electronic Invoicing.	Install the Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation.
Electronic Accounting	Mexico DIOT File (Mexico Localization)	In Mexico, taxpayers must submit a monthly declaration of all payments made to third parties, with details of the applicable value added tax.	Install the following SuiteApps: Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. Tax Audit Files (for accounts without the SuiteTax feature enabled). For more information, see Installing the Tax Audit Files SuiteApp.
	Mexico Localization Validation Tool	The Mexico Localization SuiteApp includes a validation tool that you can run to identify which records have missing fields or incorrect information, so that you can fix them before you generate a DIOT file.	Install the Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation.
	Mexico Electronic Accounting Files (Mexico Localization)	In Mexico, taxpayers must submit a file with monthly accounting information, including chart of accounts, trial balance, and journal entries.	Install the following SuiteApps (if SuiteTax is enabled in your NetSuite account): Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. Tax Reporting Framework. For more information, see Installing Tax Reporting Framework. Install the following SuiteApps (if SuiteTax is not enabled in your NetSuite account): Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. Tax Audit Files. For more information, see Installing the Tax Audit Files SuiteApp.

Billing and Invoicing

Subarea	Feature	Description	Prerequisites
Order to Cash	Compliance with Mexico SAT Requirements	The Mexico Localization SuiteApp enables compliance with specific legal requirements established by the SAT to issue electronic accounting files and electronic invoices in Mexico. Most of the latest catalogs from the SAT and other legal requirements are captured in the Mexico Localization custom fields.	Install the Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation.
Electronic Invoicing	Outbound Electronic Invoicing for Mexico	The Mexico Localization SuiteApp includes by default integration with PACs to fulfill electronic invoicing as required by the SAT. You can generate outbound e-documents of transactions supported for Mexico and associate e-document templates and sending methods included in the Mexico Localization SuiteApp.	Install the following SuiteApps (for NetSuite accounts either with or without the SuiteTax feature enabled): Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. Electronic Invoicing. For more information, see Electronic Invoicing and Installing and Setting Up Electronic Invoicing.
Mexico Bill of Lading (Complemento Carta Porte)	Mexico Bill of Lading (Complemento Carta Porte)	The Mexico Bill of Lading (Complemento Carta Porte) SuiteApp extends the capabilities provided by the Mexico Localization SuiteApp by letting your companies in Mexico generate and process e-documents together with a bill of lading document (complemento carta porte).	Install the following SuiteApps (for NetSuite accounts either with or without the SuiteTax feature enabled): Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. Localization Assistant SuiteApp. For more information, see Localization Assistant SuiteApp.
Mexico Foreign Trade	Mexico Foreign Trade	The Mexico Foreign Trade SuiteApp extends the capabilities provided by the Mexico Localization SuiteApp by letting your companies in Mexico generate and process e-documents for foreign trade operations. The certified e-documents enable your companies to export and import goods into Mexico.	Install the following SuiteApps (for NetSuite accounts either with or without the SuiteTax feature enabled): Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. Localization Assistant SuiteApp. For more information, see Localization Assistant SuiteApp.

Payments

Subarea	Feature	Description	Prerequisites
Payment Formats	Electronic Bank Payments for Mexico	Provides Mexican payment formats to enable businesses to pay vendor bills within Mexico.	Install the following SuiteApps (for NetSuite accounts either with or without the SuiteTax feature enabled): Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. Electronic Bank Payments. For more information, see Electronic Bank Payments.

Purchasing

Subarea	Feature	Description	Prerequisites
Electronic Invoicing	Inbound Electronic Invoicing for Mexico	The Mexico Localization SuiteApp includes by default integration with PACs to fulfill electronic invoicing as required by the SAT. In the inbound e-document process, you can convert the received e-document into a vendor bill record by using the inbound e-document template included with the SuiteApp.	Install the following SuiteApps (for NetSuite accounts either with or without the SuiteTax feature enabled): Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. Electronic Invoicing. For more information, see Electronic Invoicing and Installing and Setting Up Electronic Invoicing.

Taxation

Subarea	Feature	Description	Prerequisites
Tax Setup	Mexico Tax Setup	Set up Tax preferences for Mexico.	Install the following SuiteApps (if SuiteTax is enabled in your NetSuite account): Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. SuiteTax Engine. For more information, see SuiteTax Engine and Installing the SuiteTax Engine. SuiteTax Data Records. For more information, see Installing the SuiteTax Data Records Bundle. Install the following SuiteApps (if SuiteTax is not enabled in your NetSuite account): Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation. International Tax Reports. For more information, see International Tax Reports and Installing and Setting Up International Tax Reports. Optionally, install the Withholding Tax SuiteApp to calculate withholding taxes on transactions and generate withholding tax reports. For more, information see Withholding Tax.
	Mexico Tax Codes	NetSuite uses Mexico tax codes to get the values for Mexico DIOT reporting.
Mexico Deferred Taxes	Mexico Deferred Taxes	The Mexico Deferred Taxes SuiteApp provides features and capabilities necessary to record deferred taxes for businesses operating in Mexico in accordance with Mexico tax laws.	Install the SuiteTax Engine SuiteApp. For more information, see Installing the SuiteTax Engine.

Reporting

Subarea	Feature	Description	Prerequisites
Financial Statements	Financial Reports for Mexico	Reports in NetSuite support Mexican layouts for submitting financial information as required by Mexican laws, and most used accounting processes.	Install the Mexico Localization SuiteApp. For more information, see Mexico Localization SuiteApp Installation.

General Notices