As your business grows and expands into Peru, the Peru CSF helps to keep your Epicor Financials system compliant from day one to save time and expense. The CSF package contains the most used financial and operational functionalities in the country including:
The Peru CSF package helps your business to remain compliant with the electronic invoicing requirements in Peru. When creating a new AR Invoice, Sales Note, Credit Memo or Debit Note, Epicor Financials generates an XML file with the content of these documents, in a format defined by the local tax authority (SUNAT). The XML file and its ZIP compressed version are attached to the specific document in Epicor Financials.
The Bill of Exchange process is similar to consolidating several invoices into a new invoice.
The Bill of Exchange document may contain one or several invoices or other Bill of Exchange documents, and it may have its own payment term.
On the Accounts Receivable (AR) side, the Bill of Exchange document can have different statuses such as Created, Accepted, Discounted, Cancelled, Bank Collection, Protested, or Closed.
The “El Programa de Libros Electrónicos“ (PLE) is the online system of SUNAT. Most companies in Peru are required to submit financial reports in an electronic format through the PLE system.
The Peru CSF package installs 10 Electronic Interface (EI) programs to deliver PLE reports in TXT files which should be uploaded to the SUNAT website manually.
The Peru CSF package comes with 24 SUNAT reports. Some of these reports are the created by the built-in Financial Report Designer program.
The detraction tax is calculated on the invoice level depending on the line-item attributes. Different conditions are applied for material items sold and services provided. An invoice cannot mix items subject to detractions and not subject to detractions or items subject to detractions that use different tax rates.
The Peru CSF package extends the AR/AP invoice entry and the AR/AP invoice tracker programs with additional tabs and functionality to manage detraction tax.
On the AP side, each invoice with a detraction tax is paid by two payments, one for the detraction tax and another for the rest of the invoice. The buyer must transfer the detraction tax amount directly to a National Bank account associated with the supplier, which is managed by SUNAT. The SUNAT system helps provide a deposit number and other details on the payment, which are then entered manually and saved in Epicor Financials.
On the AR side, the calculation and process can be done for the standard detraction process where customer has paid detraction amount directly to National Bank or through Autodetraction, where Epicor Financials generates a TXT formatted file on the expected detraction payments, which is then sent to the bank to match incoming customer payments. Similarly to the AP processing, the SUNAT information must be recorded manually on AR invoices. Trackers and dashboards can show the detraction tax payment details.