Nicaragua Localization for Dynamics 365 BC Local tax compliance

LLB Solutions’ Nicaragua Localization extends Business Central to support the accounting and tax requirements set by the Dirección General de Ingresos (DGI). It automates fiscal and financial processes without modifying the standard platform.

Key capabilities include:

Fiscal Configuration

• Configure fiscal identification and tax data for customers and vendors.
• Classify taxpayers and legal entities.
• Manage branches, issuance points, fiscal series, numbering, and legal document types.
• Configure IVA, Selective Consumption Tax (ISC), Income Tax (IR), exemptions, and a DGI-aligned chart of accounts.

Taxes and Withholdings

• Calculate different IVA rates and ISC for purchases and sales.
• Manage income tax withholdings, including leases and capital income.
• Automatically calculate and post withholdings during purchases and payments.
• Apply proportional withholdings to partial payments.
• Generate withholding certificates and suggest taxes based on master data.

Treasury and Financial Management

• Create payment orders and process vendor payments and customer collections.
• Manage receipts, petty cash, expense settlements, checks, and checkbooks.
• Process bank and intercompany transfers.
• Maintain transaction history and manage withholdings during payments.

Statutory Books and Reports

• Generate General Journal, Purchase and Sales Books, IVA and withholding reports, Selective Consumption Tax Book, and withholding certificates.
• Generate payment order, collection, and delivery note reports.
• Export fiscal information for tax returns and audits.

Commercial and Fiscal Documents

• Issue sales and purchase invoices, credit notes, and debit notes with local fiscal controls.
• Process purchase returns, delivery notes, and dispatch documents.
• Invoice services and projects and create invoices from sales orders.
• Integrate localized processes with warehouse operations.
• Validate document structures and prevent duplicate invoices and payments.
• Trace invoices, inventory documents, adjustments, withholdings, and payments.

Benefits

• Supports current DGI requirements and automates IVA, ISC, and IR calculations.
• Improves fiscal validation, duplicate control, and document traceability.
• Centralizes fiscal, financial, and operational information.

Supported Editions: Business Central Essentials and Premium.

Supported Country: Nicaragua.

Supported Languages: English (United States), Spanish (Spain), and Spanish (Mexico).

Contact LLB Solutions for implementation, licensing, configuration, and support options.

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