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Mexico Reporting Tips

Best Practice: How to Implement Financial Reporting in Mexico  
SAP OSS Notes Insufficient in the Wake of Electronic Audits

If you are implementing a compliance solution in Mexico, any errors and discrepancies in e-invoicing and financial reporting can trigger auduts and will result in significant fines and penalties (up to $4,000 for each invalid transaction or report entry). The pressure is on for IT teams to reduce error risk, protect against audits and validate reporting. 

While managing compliance within your ERP is the best way to ensure accuracy, SAP and corresponding OSS notes alone don’t protest against real-time audits – failing to provide the necessary functionality. 

Download this tip sheet to learn the top five challenges IT leaders face when relying on OSS notes as well as best practices for implementing financial reporting in Mexico. 

Previous Article
UPDATE: Colombia Accelerates eInvoicing Compliance for Large Taxpayers
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“Recurso de Amparo” or Writs of Amparo filed against eContabilidad requirement in Mexico no longer a viable strategy to delay obligations
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