Accounting systems in Mexico

January 22, 2022

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Hector Galicia

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One time constituted your company In the country you must carry out your accounting, as well as comply with your tax obligations.

In Mexico there are various accounting systems in the country, however below we will present 2 popular software used in the country.

CONTPAI ACCOUNTING

This is the most popular accounting software in Mexico, mainly because it usually has tools and updates for compliance with tax obligations.

ContpaqI has the following characteristics:

  • Its implementation requires external consultants
  • Most accountants in Mexico know how to use it
  • It is the most popular accounting parcel software in the country
  • Complies with all regulations of the SAT
  • A server is required to install it
  • It is not an ERP so it is limited for medium and large companies
  • Accounting knowledge is required to use it

Quickbooks Mexico

  • Its implementation is simple and can be done by the user himself
  • It is in the cloud
  • Accountants in the country are not very familiar with the system
  • The user or owner of the company can use it
  • No accounting knowledge is required to use it
  • It is limited for compliance with tax obligations in Mexico
  • if you have Quickbooks accounts outside the country they can be linked
  • You must acquire other software to carry out tax compliance with tax obligations in the country

Depending on the line of business, sector and size of the company, we must select the appropriate software to carry out our accounting for financial purposes, control and compliance with tax obligations in the country.

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Written by Hector Galicia

Public Accountant with more than 15 years of experience advising national and foreign clients. He currently serves as a founding partner of the Public Accounting firm Tax ID Mexico. info@taxid.mx

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