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How to issue payroll in CFDI?

21/01/2014

Download the graphic of CFDI Payroll Solution

As of January 1st, 2014, most individuals and companies are now obligated to issue their employees' paychecks in CFDI format. To do this, they must have an Authorized Certification Provider (PAC) stamp these digital receipts and submit them to Mexico´s Tax Administration Service (SAT) before sending them back to the issuing company.

Companies in Mexico may need to issue up to 4 paychecks monthly, so managing these receipts is a complicated task for many businesses. However, this new tax obligation is a great opportunity to optimize the process, as workers can now sign their paychecks with a single click, without waiting or standing in line. In other words, payroll management can be processed 100% electronically.

To get the most from this new system, EDICOM has created the CFDI Payroll Solution, a management software suite that simplifies the process and can cut employer's costs by 88% . The solution also enhances security and safekeeping of salary payment receipts.

 

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