Learn about new features and improvements to Tekiio's localizations.

At Tekiio, we are committed to continuously improving our technology solutions, ensuring they respond to changing business needs and current regulations. With this focus, we are introducing the latest updates in our locations in Argentina, Chile, and Uruguay , designed to optimize operational efficiency and ensure regulatory compliance in each region. Below are the most recent enhancements.

The Argentina Localization incorporates important new features specifically designed to facilitate tax compliance in Argentina, adding new functionalities and expanding the scope of the main processes, among which a new version of the tax calculation engine is released, incorporating the calculation of perceptions and withholdings by territoriality , a functionality that provides users with a tool to configure calculation criteria based on place of origin, place of destination, place of effective use, place of issue or billing address of the receipts. The TXT generation flow for perceptions and withholdings incorporates the corresponding formats required for the jurisdiction of Misiones, allowing companies with operations in said jurisdiction to automatically generate and download the corresponding TXT from NetSuite without the need to perform manual TXT construction processes.

The module for managing and updating tax rates, perceptions, and withholdings linked to gross income registers adds a significant improvement in the automation of register loading. This allows the tax rate query process to be scheduled so that it runs automatically at the beginning of the month, reducing the operational burden on users and minimizing the risk of issuing receipts with outdated tax rates due to a lack of manual loading of the Gross Income registers.

Seeking to improve the security of the tax information that users record and manage in NetSuite, the purchase receipt verification module has been added , providing a validation and control flow for each purchase receipt with the AFIP. This validation will inform users if the supplier's receipt entered in NetSuite is correctly reported to the AFIP.

Taking advantage of the constant improvements and updates that NetSuite provides automatically and semiannually, the purchase withholding calculation module has evolved to optimize the withholding entry generation process. In the new version of the Argentina Localization, the accounting impact of payments to suppliers will be based on the amount linked to the payment method used, excluding the withholding amount. This translates into a significant benefit when defining subsequent reconciliation rules in NetSuite for bank statements.

The Uruguay localization product incorporates a significant improvement to the purchase withholding calculation process. It now enables the calculation of withholdings and receipts in foreign currency. This allows purchase receipts in foreign currency to have their corresponding withholding documents in the same currency as the originating receipts. This eliminates the need to generate accounting reclassifications and makes NetSuite a simpler receipt application. Additionally, the functionality for the automatic generation of the Beta 2181 report has been expanded, incorporating the corresponding rules for presenting advertising expenses .

Aimed at facilitating and streamlining users' daily processes, the product expands its integration functionality and daily exchange rate updates with the Central Bank of Uruguay to incorporate currency " Arbitrage ," allowing companies that manage their operations in NetSuite using the Dollar as their base currency to access "arbitrage" information for their operations in NetSuite.

The Chilean localization continues its growth and evolution, focused on providing a greater number of functionalities and tools for users. Among these, a major update has been released for the 8-column Balance Sheet, which allows balance sheet exports in Excel and PDF formats. The Electronic Invoicing module expands its scope of NetSuite-compatible receipts, now allowing the registration and certification of cash sales receipts . A new section has been added to all sales receipts for entering multiple linked reference receipts, which will be automatically reported to the electronic invoicing provider.

About Suite App Localizations

The Localization products developed and provided by Tekiio are fully built on NetSuite, achieving a fully integrated process with each of the operational workflows offered as standard by Oracle NetSuite, allowing your company to easily issue, validate, and manage tax receipts that correctly comply with the legislation for each country.

Our Localization products are certified by the Oracle NetSuite team as Validated SuiteApps, a certification that endorses the construction and operation of the product under the best development practices proposed by NetSuite .

Complete the following form to speak with our experts and adapt NetSuite to comply with each country's regulations and maximize its benefits with Tekiio localizations:

More Info