MIAMI, Fla. (CitizenWire) — Southeast Computer Solutions has written an add-on program, Payables Retention Management (PRM), for Sage ERP MAS 500 Spanish Edition to manage local tax requirements in Argentina.
In Argentina, tax law requires certain companies known as "retention agents" to withhold taxes on a payable invoice to later be paid to the government. The PRM program works with all contributors and handles multiple retention types including national retentions for VAT and Earning Tax as well as local retentions for Gross Income tax.
The PRM program retains taxes to all suppliers when a payment is made, prints the necessary legal certificates to be given to suppliers, logs all the information into the General Ledger program of Sage ERP MAS 500 and allows you to determine what needs to be paid to the government for a complete solution from end-to-end.
"With the development and availability of PRM, we are able to offer Argentina-based businesses a powerful ERP solution that is both U.S. GAAP-compliant and addresses local taxation processes and regulations," says Sonia Ferrera, president of Southeast Computer Solutions. "Typically, this business arrangement requires manual data manipulation on spreadsheets or interfaces between systems in order for the U.S. company to prepare consolidated financials. With PRM and Sage ERP MAS 500 businesses with operations in the United States and Argentina can automate both."
Developed by Southeast Computers Solutions to augment Sage ERP MAS 500, PRM is available immediately for companies operating in Argentina. The Southeast Computer Solutions team is currently expanding the program's capabilities to be compatible in other Latin American countries.
Southeast Computer Solutions is a Sage Select Authorized Reseller, offering a software portfolio representing a host of segment-leading brands including Sage ERP Accpac, Sage ERP MAS 500, Sage ERP MAS 200, Sage ERP MAS 90, Sage SalesLogix, Sage CRM, Sage Abra HRMS (human resource management system), Sage FAS Fixed Assets and other technology services.
Southeast Computer Solutions (www.southeastcomputers.com) has been an IT consulting firm and Sage Authorized Reseller since 1985. Headquartered in Miami, Southeast has offices in Buenos Aires and specializes in ERP solutions for distribution, warehouse automation, manufacturing and U.S. companies with divisions and subsidiaries in Latin America. With over 600 installations across the United States and Latin America, Southeast is the largest Sage Reseller in Miami and was ranked 75 on the 2010 VAR 100 list, named a 2010 VAR Star and is a 2010 Sage President's Circle award winner.
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