About SAT Payments and Reporting

Use the forms in the Mexico Localization module to make Value Added Tax (VAT) payments and submit DIOT and IETU reports to the SAT.

Making VAT Payments

If your organization does business in Mexico, you must make a VAT payment. The amount of the payment is the VAT amount paid by your customers minus the amount you paid to vendors. VAT payments from your customers are recorded in the appropriate AP Tax Account. When the payments or deposits are reconciled with the bank, the required VAT payment amount is calculated. This amount is then transferred to the VAT AR Received Account from which it will be paid to the SAT. To make VAT payments:

  1. Use the Mexican VAT Transfer Detail form to add VAT information to vendor records.
  2. Use the Mexican VAT A/P Transfer Utility and the Mexican VAT A/R Transfer Utility forms to generate transfer records for accounts payable and accounts receivable.
  3. Use the Mexican VAT AR/AP Transferred Report form to view and print reports of transferred VAT records.

Generating IETU Reports

If your organization does business in Mexico, you must send a monthly IETU report to the SAT. This report lists the total income receive by accounts receivable invoices and the total expenses paid on account payable invoices as deductions within a period. This information is used to calculate the flat tax amount. To generate IETU reports:

  1. Use the Vendors form to specify IETU information for each vendor.
  2. Use the Voucher Adjustment Distribution form to add IETU information to voucher adjustment distributions.
  3. Use the Mexican DIOT/IETU Voucher Distribution Adjustments form to add IETU information to transaction records.
  4. Use the Mexican IETU Report form to view and print IETU reports.

Generating DIOT Reports

If your organization does business in Mexico, you must send a monthly DIOT report to the SAT. This report lists the total expenses paid on accounts payable invoices. To generate DIOT reports:

  1. Use the Vendors form to specify DIOT information for each vendor.
  2. Use the Voucher Adjustment Distribution form to add DIOT information to voucher adjustment distributions.
  3. Use the Mexican DIOT/IETU Voucher Distribution Adjustments form to add DIOT information to transaction records.
  4. Use the Mexican DIOT Report form to generate DIOT report files.
  5. Import the file through the SAT Web portal (www.sat.gob.mx).

 Projects User GuideRelated Topics

About the Mexico Localization

Mexican DIOT/IETU Voucher Distribution Adjustments

Mexican DIOT Report

Mexican IETU Report

Mexican VAT A/P Transfer Utility

Mexican VAT A/R Transfer Utility

Mexican VAT AR/AP Transferred Report

Mexican VAT Transfer Detail

Vendors

Voucher Adjustment Distribution