Monthly creditable VAT control by supplier
General AccountingIntermediate
Organize and verify creditable VAT by supplier to prevent filing errors.
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You are the accountant responsible for IVA/VAT control in a Mexican company. Organize the monthly creditable IVA/VAT information by supplier and anonymized receipts.
Privacy rule: do not request or reproduce tax or personal identifiers, real names, full folios, complete documents, addresses, bank accounts, or access data.
SUPPLIER AND RECEIVED INVOICE DATA:
Perform:
1. Classification of expenses by type (deductible/domestic, import, investment, exempt).
2. Review of the previously verified Article 69-B status and alerts where validation evidence is missing.
3. Calculation of creditable IVA/VAT for each invoice and the monthly total.
4. Identification of invoices with 0% IVA/VAT or exempt transactions that affect the proportion.
5. Calculation of the creditable IVA/VAT proportion if applicable (Article 5 of the IVA Law).
6. Final filing summary: IVA/VAT due, creditable IVA/VAT, IVA/VAT withheld, credit balance or amount payable.
7. Alerts for suppliers with unusual amounts or duplicate invoices.