Recargo Equivalencia

Another country-specific feature Spain further expands the international reach of your Mago4 ERP.

Edited by Marketing Department

The ability to develop solutions to better manage taxation and a complete and continuous assistance on the whole management product are just some of the many keys to success of Mago4 in Spain.

In Spain there is a system of taxation called 'Recargo de Equivalencia' (R.E.), which only concerns certain retail activities. This is a special scheme which is compulsory for resellers who do not process products at all, i.e. resellers to the final consumer. The Recargo de Equivalencia does not apply to industrial activities, services or wholesale trade.

However, there are exceptions within the retail sector where certain activities are not eligible for RE; these include jewellers, car dealers, boat and airplane sales, service stations and others. These categories are subject to a different regime, whereby the retailer has to pay, in addition to VAT, an additional amount (which is then the Recargo de Equivalencia); the payment is made directly to the supplier. This way, you are exempt from submitting the VAT payment itself. In practice, the supplier must include the RE on the invoice, differentiating it from the VAT, and consider both amounts as VAT charged in the relevant tax statement.

Thanks to its innate flexibility, Mago4 adapts to this typically Spanish system. Let's take the case of a customer covered by the special R.E. regime. With the Spanish location of the ERP Mago, in fact, in all sales documents starting from the Offers, in addition to the VAT in the detail line is calculated the Recargo of Equivalencia, and a rate for the R.E. is also indicated in the VAT code. The additional VAT, calculated by Mago4, is shown in the tax printouts of the VAT sales register and its summary by VAT code, general summary of VAT registers and VAT clearance.

Maximum adaptability to all situations, efficiency based on local peculiarities: this is how Mago4 is able to support any phase of business management, anywhere in the world. This is one of the reasons why Mago4 is the international ERP software by vocation, chosen in over 30 countries around the world and part of Zucchetti's international strategic offer.




fixed Assets module Spain

A novelty for the Spanish market introduced with the SP 3 of Mago4 2.4 is the introduction of the localization of Fixed Assets module.

Edited by Marketing Department

In order for an ERP software to be defined as "international", it is essential that it is natively prepared to take into account the specific needs and peculiarities of different countries. Think, for example, of tax rules, traceability requirements, invoicing systems, and much more. Given this innate openness, taking action at the level of development on individual localizations will be able to adequately meet all the needs of the country to which the product is addressed.

You know that the ERP Mago4 is a management system born with these characteristics and that is able to adapt to any context: not by chance it is widespread in more than 30 countries around the world.

Today we are examining a specific case concerning financials-accounting management in Spain, extended by the localization of the Mago4’s Fixed Assets module. It is well known that each country has its own way of managing and calculating depreciation; based on the requests for the management of the administrative functions of the country Spain - for which the Fixed Assets module had not yet been localized - a whole series of specific features are available with the SP 3 of Mago4 2.4.

In Localization Spain, therefore, important functions have been activated for the Fixed Assets module, such as the management of tax and budgetary depreciation schemes (the latter called "technical" in Spain), default data relating to reasons, categories and parameters, partial deductibility in the tax system. In addition, the monthly calculation of the depreciation rates has been included, as well as the possibility of recording them in the accounts on a monthly, quarterly or annual basis, depending on a specific parameter.

An interesting note to confirm the flexibility of the Mago4 ERP: the management of depreciation for Spain descends from that currently in use in Hungary and Poland, whose features have been extended to the Spanish localization since the new update of Mago4 2.4.

The localization of the Fixed Assets module is just one of the new features introduced by the SP3 of the Mago4 2.4. To know all of them, please consult the release notes in the Private Area. Downloading the Service Pack is as always free if your MLU is active, otherwise we suggest you contact your local dealer, as well as to install the SP.




New release Mago4

The latest news of the 2.2 and 2.3 releases concern many countries natively localized by Mago4 ERP.

Edited by Marketing Department

Mago4 is increasingly addressing the international scene. The commitment to meet the specific requirements of many different countries is seamless, then we'll now see the main news introduced by release 2.2 and 2.3 of Mago4.

One of the flagships of the Mago4 ERP is the Brazil localization. With Mago4 2.3 the Electronic Nota Fiscal 4.0 is ready! It will replace the currently used 3.1 model, whose validity will expire on 2 July 2018. The goal of NF-e 4.0 is to simplify the use of electronic invoices for those who need to send these documents. All the new mandatory fields have been included and the calculation of the taxes has been improved and of course, also the security of the service. The most important changes concern existing fields, but there are also new ones, for example, information on the calculation of the tax percentage collected by the Brazilian government in order to provide better life conditions to disadvantaged people (Fundo de Combate à Pobreza- FCP) whose obligation has also been extended to operations within the same state and not only to the interstate ones. On the other hand, new validations concern the traceability of the product and the payment information. Also, the Types of Payment and the respective Transcodings have been added in order to associate the types of payment of Mago with the codes envisaged in the Fiscal Note. Hence, the user can specify the form of payment, such as "cash", "check" or "credit card". In Financial area, Boletos can now be managed also for DAYCOVAL Bank, according to technical specifications.

A strength of Mago4 on the old continent is the latest German localization, to the progress of which the new releases greatly contribute. In addition to improvements in the Finanacials area - providing in Mago4 2.2 an improvement of Product Lines management and a new function to specify taxable and tax amounts in the Tax Summary - a particular news specific to financial transactions is very interesting: the DATEV Connector. In Germany, as well as in other countries, the export of data for all financial transactions relating to a fiscal year and their communication to the consultant within a reasonable time is required. The data must be collected in an electronically readable format, so that they can be imported into a special environment for their review. The requested data usually includes information on the accounts, the transactions of ledger, the VAT codes, the customer, the supplier and the items. In Germany, this data exchange is managed by DATEV which allows to deal with all this information in a rigorous and confidential manner. In order to meet all these requirements and be able to interface with DATEV, Mago4 2.3 has implemented a new module, DATEV Connector, which allows you to export from Mago the information related to the tax documents posted in the purchase and sales modules and import them into DATEV using a .csv file. This file contains all the main information requested by DATEV and supports the requirements regarding the format for exporting and importing data into DATEV.

As for other major countries, the latest Mago4 releases refine the location of Spain, allowing to enter into Customers and Suppliers masters, the Document Type and Number to be used in Tax declarations and in SII - the new model for the electronic management of VAT registers. Moreover, default data include reclassification schemas to print balance sheets with normal or abbreviated format; bills of cash order type can be printed on file according to the proper record layout and Payees module is available for the Withholding Tax management.

Other improvements concern Swiss localization, where the bills management is now available to present, collect and post outstandings of receivables of SEPA SDD Core and SEPA SDD B2B payment type. Such bills will be printed on XML file.

News also for Poland, Romania e Bulgaria: the check report Customers/Suppliers Balancing between Ledger Balances and Payment Schedule Report has been localized in order to detail the accounting balance of each customer/supplier; this allows to detail the accounting balance by accounts of customer/supplier type used in accounting entries and that generated the customer/supplier accounting balance.

Also for Italy there are incisive updates: in the Logistics area of Mago4 2.3, for example, the Packing Producers Declarations Report has been improved in order to make more complete the information concerning the CONAI. A column that shows the percentage of exemption has been added next to the value in tons relative to the quantity field already present in Mago4. The latest realease of Mago4 provides also the review of the printed text in Privacy Statement Letters, in accordance with the GDPR European Law and the update of Tax Settlement Sending procedure in accordance with specifications valid since the first quarter 2018.

Mago4 always more user-friendly! To make it easier for the user to find out what he wants to do in Mago, some menu items have been reviewed. The names of similar procedures have been aligned using the same terminology and the names for the homonymous procedures have been changed so that they can be more easily recognized during the search.

These are just some of the news presented by the last two releases of the Mago4 ERP: as you know, the constant update is one of Mago's main features and you can simply refer to the release notes in the Private Area; to find out everything that is reserved to you. As always, you can download the updates for free if you have maintained the MLU service. Otherwise you can get in touch with your reference retailer to know the advantages of being always up-to-date.



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