Accounting, Treasury & Taxes
Our finance and accounting team has successfully supported more than 300 companies operating in Mexico. We have professionals with fluent English and hold weekly meetings with clients to ensure that the chart of accounts at month-end aligns with the financial reports generated in the client’s ERP system.
Among our main service differentiators is the use of DIMSA’s web-based accounting software (ERP), along with full compliance with generally accepted accounting principles. Our team performs the daily recording of accounts payable transactions and prepares the corresponding weekly report. We also handle the preparation of invoices as agreed with the client and the posting of accounting entries within the same month.
Additionally, we prepare the monthly electronic accounting for the SAT, file state taxes, and manage the calculation and control of fixed asset depreciation. We coordinate the monthly accounting close and, when applicable, submit the monthly statistical report to INEGI.
Our service differentiators:
- Usage of DIMSA’s web-based accounting software (ERP).
- Compliance with generally accepted accounting principles.
- Daily recording of accounts payable transactions and preparation of the weekly accounts payable report.
- Preparation of invoices as agreed by both parties and posting of accounting entries within the month.
- Preparation of monthly electronic accounting for the SAT and filing of state taxes.
- Calculation and control of fixed asset depreciation.
- Preparation of the monthly accounting close.
- Submission of the monthly statistical report to INEGI (if applicable).
Treasury
1. Payment and Obligation Management
- Scheduling of payments to suppliers and onboarding of new beneficiaries.
- Scheduling of payroll payments.
- Scheduling of state and federal tax payments.
2. Bank Account Administration
- Operation of operating and PECE bank accounts.
- Opening, closing, and administration of bank accounts.
- Verification and updating of Legal Representative and authorized signers on accounts.
- Administration of tokens, access, and banking users.
- Training users on the banking portal.
3. Banking Management and Relationship with Financial Institutions
- Direct relationship with bank executives.
- Follow-up and resolution of banking incidents (rejections, returns, clarifications).
- Execution of hedging operations (purchase-sale of USD at preferred rates)
4. Control and Recording of Transactions
- Daily monitoring and maintenance of bank balances.
- Recording and validation of bank transactions.
- Application of collections (ERP) to identified deposits.
- Monthly preparation of bank reconciliations
5. Internal Control and Compliance
- Implementation and review of internal controls.
Taxes
- Preparation and submission of monthly and yearly tax compliance reports to authorities: VAT, withholding tax, income tax, Digital tax Certificate (CFDI), informative declarations, etc.
- Recommendation and advice of Transfer Pricing Study and Foreign Trade transactions fiscal impact.
- VAT refund applications
- General back office administration.
- Answer any extraordinary information requests made by authorities.
This services collectively ensure financial accuracy, optimize cash flow, and maintain on-going compliance, ultimately providing businesses with a solid foundation.