LLB Solutions has developed the localization of Microsoft Dynamics 365 Business Central for Latin America more specifically for Panama, in order to comply with tax regulations and requirements stipulated by the DGI covering the functionality and regulation of general accounting, fixed assets, inventory management, bank management, accounts receivable, accounts payable and project management.

Localization Panama is the complement of Dynamics 365 Business Central functionality that allows to comply with specific laws and regulations that are not covered by the standard functionality.

The different functionalities and printed and electronic reports can be used in all international or national companies operating in Panama in the private or public sector.

We developed a complete solution to meet the required standards in Panama certified by Microsoft which will allow:

  • Comply with the guidelines of the DGI (Dirección General de Ingresos).
  • Guarantees constant updates according to tax and accounting obligations.
  • Adaptation of the accounting and tax functionality according to the Panamanian legislation.
  • Access to functional, technical and localization training and continuous support during data migration and activation.
  • Adjustment of terminology according to the region in the different standard Dynamics modules.
  • Obtain comprehensive training on best practices in Dynamics 365
  • Ensures constant updates according to country legal
    legal changes in the country or new versions of
    Microsoft.
  • Accompaniment in the functional configuration for
    localization.
  • Localization data migration support.
    data migration.
  • Continuous support during the implementation and live output.

Characteristics of our localization

Electronic documents
  • Electronic invoicing.
  • Invoice of internal operation.
  • Import invoice.
  • Export invoice.
  • Credit note referring to one or several
  • FE.
    Debit note referring to one or several
    FE.
  • Generic credit note.
  • Generic debit note.
  • Free zone invoice.
  • Reimbursement.
Tax Reports
  • Journal.
  • General ledger.
  • Dispatch guide for
    transfers.
  • Inventory or Balance
    Balance sheet.

FUNCTIONALITIES

  • Taxes (ITBMS, Sign and Advertising Tax, Activity Tax).
  • Withholdings (ITBM Withholdings).
  • Declarations (Income Tax Return (ISR), Sworn Income Tax Return for legal entities, Sworn Income Tax Return on Dividends or Participation Quotas, among others…). ).

This application supports Premium editions of Dynamics 365 Business Central.

Supported languages: This application is available in English (United States), Spanish (Spain) and Spanish (Mexico).

Accelerate your tax processes with our Panama localization platform for Dynamics 365 Business Central.

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