Francisco Orozco Consultant

Wish there is a NEW tax type option to include "ISR" Impuesto sober la renta or also referenced as Profit sharing (Impuesto en utilidades), calculated as follow: Utilidad fiscal (Taxable base) / Ingresos nominales (Gross activity income) =Coeficiente fiscal (taxable liability factor) Example: Gross activity income x taxable liability factor =Taxable base x 30% ISR (Profit sharing percentage) =ISR (Profit sharing liability balance) Taxable base=Maybe compose from specific ledger accounts, taxable base ledger accounts may differ from nominal income only eligible for tax base purposes (e.g. no discounts, no rebates). REMARK: Profit sharing default percentage may vary from year to year. usually 30%. Profit sharing is applicable in Mexico and some other South America (e.g. Colombia, other...) CALCULO DEL IMPUESTO SOBRE LA RENTA REGIMEN PERSONAS MORALES EMPRESA, S.A. C.V. Abril venta $300,000 Gastos $75,000 Mayo $ 500,000 Gastos $ 150,000 Articulo 17 fracción I Enciso A: Expida facture por el monto de la contraprestación Enciso B. Se envié o se entregue materialmente el bien o se preste el servicio Enciso C: Que se cobre o sea exigible total o parcialmente el precio aun cuando venga de anticipos. Articulo 9: La utilidad fiscal: Todos los ingresos que percibe la empresa menos las deducciones autorizadas – PTU entregado a los trabajadores. Articulo 14 Fracción I ISR. Calculo de ISR coeficiente al ultimo periodo de 12 meses, dividir la utilidad fiscal entre los ingresos nominales. Ejemplo: Utilidad fiscal 2,000,000/ 4,500,000 Ingresos nominales Coeficiente utilidad: .4444 Abril $ 300,000 Ingresos nominales: $ 300,000 (x) Coeficiente utilidad: .4444 (=) bases=133,320 (x) Art 9=ISR 30% (=) ISR $ 39,996 (-) Pagos provisionales anteriores = 0 (=) ISR a pagar: 39,996 Articulo 14 Fraccion 3 Se pueden acreditar los pagos parciales. Mayo $ 500,000 + 300,00= 800,000 (x) Coeficiente utilidad: .4444 (=) bases=355,520 (x) Art 9=ISR 30% (=) ISR $ 106,656 (-) Pagos provisionales anteriores = 39,996 (=) ISR a pagar: 66,660 Con respecto al IVA Abril Ingresos $ 300,000 (x) IVA = 16% (=) IVA a Pagar: 48,000 Gastos=75,000 (x) Tasa de IVA= 16% (=) Iva acreditable=$12,000 Iva a pagar = $ 48,000 (-) Iva acreditable: 12,000 (=) Iva a pagar: 36,000 Mayo Ingresos: $500,000 (x) Iva = 16% (=) Iva a pagar=$80,000 Gastos = 150,000 (x) tasa de iva= 16% (=) Iva acreditable= 24,000 Iva a pagar: 80,000 (-) Iva acreditable: $ 24,000 (=) Iva a pagar: $56,000

Wish there is a master tax calculation to include all accruing calculation taxes (e.g. supported or also referenced as receivable tax, tax to be supported or also referenced as liability tax, profit tax sharing, and withholding taxes). Not featuring option to easily include multiple taxes from one tax accrual calculation, user might potentially process a tax type at a time. (e.g. Mexico localization) Example of tax accrual for period calculation: Tax to be supported or liability: -100 Profit tax sharing liability:-30 Withholding dividends liability: -10 Withholding freight liability: -20 Withholding tax professional individual: -12 Supported tax: 80 Credit tax balance previous period: 3 Indexed and penalty tax due to delay: -2 Tax accrual balance for period: 91 liability balance to authority vendor. Supported tax: Example europe VAT tax calculation Tax to be supported: Example VAT tax payable Withholding tax: Example Spain withholding tax Profit sharing: Example Colombia ISR impuesto sobre la renta or Mexico Impuesto sobre la renta.

Wish there is a future option to include VAT tax calculation credit balance ledger posting, not featuring option to track VAT tax credit (receivable balance tax credit calculation), user might potentially process final tax calculation outside the system for pursue to include a potential eligible tax credit along with the balance vendor accrual. Not featuring VAT tax credit calculation balance and specific ledger setup posting, from within the accrual tax vendor authority calculation for the period, user might not be efficiently saving time from tax calculation and from supporting tax calculation documents.

Wish there is future option to easily process tax calculation accrual and print out by end user language preference. Not featuring tax calculation print out as per end user language preference, user might potentially not easily visually read and potentially comprehend tax calculations, accrual and settlements to be performed.

Wish there is a tax due date of the month grace period preference (e.g. Mexico the due maximum grace period is the 17th of the following month, however some legal entities may have a preference to pay on the 7th, to prevent penalties and tax indexation calculations next calculation period).

Wish there is an option to future set the reportable tax opening balance for purpose of tax calculation for the next period inclusions (e.g. tax credits, tax liability balance for previous month...)

Wish there is an option to easily maintain, identify, inquiry and report website entry restrictions, for purpose to prevent customer sales order entries or other.

Wish there is an option to easily default retrieve vendor website address from vendor account, when attempting to process an on-line vendor website order. Not featuring vendor website address for purpose to order, user might conventionally retrieve vendor website and place the order then copy the order for system purchase requisition record.

Wish there is an option to easily prevent specific business leads data entry (e.g. name, address, telephone, contact name, zip code, etc...) for purpose to prevent user from saving record. (e.g. VIP records of contact persons, business, competition, legal cases etc..)

Wish there is an advanced future option to prevent users from inventory record creation (e.g. description, product master, product variables (e.g. style, size, model, etc..) for purpose to prevent record creation (e.g. not eligible for the market, not eligible for sales, not eligible for purchases, not eligible for competition not eligible for quality, not eligible for sales agent commissions, not eligible for marketing, not eligible for industry, etc..)