Electronic accounting in Mexican SMEs: and their application of IFRS

Alejandro Rodriguez Vazquez; Fabian Ojeda Perez; Hector Priego Huertas; Hugo Martin Moreno Zacarias

Volume : VII, Issue : IX, September - 2017

Electronic accounting in Mexican SMEs: and their application of IFRS

Alejandro Rodriguez Vazquez, Fabian Ojeda Perez, Hector Priego Huertas, Hugo Martin Moreno Zacarias

Abstract :

This research carries out a visualization of the obligation that prevails in SMEs in order to keep a control in their accounting records they perform and to be able to deliver to the Tax Administration Service the information requested by the tax mailbox in relation to their chart of accounts and the trail balance, as established by fiscal regulations. Continuing the fiscal authority with the aim of monitoring and collecting more taxes, has made a series of modifications to the Federal Tax Code and its regulations, which force taxpayers to fulfil the preparation of their accounting in electronic form and also meet the Financial Information Standards.