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