Business Transactions 

Use

Some business transactions in Accounts Payable (FI-AP) in Mexico are slightly different from other countries, in particular, in the use of deferred taxes.

Features

Deferred Taxes

As described in Deferred Taxes in Business Transactions, VAT and IEPS are not recognized until you make a payment, so create invoices using deferred tax codes (see Entering Vendor Invoices).

Payment Methods

Country Version Mexico comes with payment methods for the most common methods of payment.