How many business tools does it take to comply with Colombia’s tax and accounting laws?
AlfaPeople |
May 22, 2019

How many business tools does it take to comply with Colombia’s tax and accounting laws?

The administration, calculation and reporting of tax and accounting information in Colombia is part of a complex and continuously evolving system. AlfaPeople has designed a suite of applications for Microsoft Dynamics 365 known as the Colombia Localization Pack, which arms businesses operating in the country with the tools necessary to comply with their local legal obligations.

Across any number of industries, the tools are a simple and reliable way to address daily processes as part of the requirements of Colombia’s basic tax and accounting legislation. They include:


  • Daily Ledger
  • General Ledger
  • Inventory and Balance Sheet (standard for 365)
  • Daily Sales Ledger for the DIAN (Spanish acronym for National Customs and Taxation Authority)
  • Subsidiary Ledger
  • Balance accounts by third party
  • Withholdings
  • Numbering for official ledgers

Complementary Features:

  • Alignment of Accounts – Accounting Plan
  • Reversal of daily reports


  • Automatic creation of third parties
  • Management of client and/or supplier codes and type of identification
  • Physical Place
  • Management of income accounts for sales refunds or cancellation of sales invoices
  • Classification of tax codes according to the current legislation
  • IVA (Spanish acronym for Value-Added Tax) as a greater value in the purchase of goods and services, as well as for fixed assets
  • Exogenous national information

The benefits of Localization

The Colombia Localization Pack allows your business to address its legal requirements in a simple, consistent manner with the support and experience of AlfaPeople’s expert consultants. Our team is ideally suited, both in the development cycle and its implementation, to provide clear and timely support that helps you draw the best from Microsoft Dynamics 365’s standard features. With a track record of more than 50 implementations and 15 years’ experience in Colombia and Latin America, we are the partner that local and multinational companies most turn to. As we invest resources to detect possible improvements, our product team is constantly studying the latest legal requirements in Colombia to apply these to our solutions according to Microsoft’s best practice.

Licensing model

Our Localization product can be licensed under the Cloud-based scheme (SaaS) or on-premise (Perpetual Licensing), with an average implementation time of one month. It can be acquired with a monthly payment under SaaS model for Microsoft Dynamics 365 for Finance and Operations; or under the perpetual licensing scheme (one payment) with an annual maintenance fee being applied for Dynamics 365 for Finance and Operations on-premise and AX2012 versions, which provides clients with the right to product upgrades.

Why choose our Colombia Localization pack?

At AlfaPeople, we are focused on continuously developing our team’s skills and knowledge to deliver the very best solutions for our clients. We are leaders in Colombia in the field of ERP solution localizations for Microsoft Dynamics 365 (formerly Dynamics AX) including for: Axapta 3.0, AXAPTA 4.0, Microsoft Dynamics AX 2009, Microsoft Dynamics AX 2012, and Microsoft Dynamics 365.

There are currently only two Microsoft-certified Localization products, with AlfaPeople’s being the first and only one protected by copyright according to the software registration certificate system of Colombia’s National Copyright Directorate. This reflects the seriousness with which AlfaPeople develops its products and our concern for ensuring clients can trust that our product will work for their accounting and taxation obligations in Colombia and even across Latin America.

Our broad experience with local and multinational companies is reflected in our company boasting 12 Microsoft certified solutions – more than any other Microsoft Dynamics 365 partner in Latin America.

How many business tools does it take to comply with Colombia’s tax and accounting laws?

We are currently the only partner that integrates tax, accounting and IFRS processes in one solution to address core tax and accounting requirements, such as traditional official ledgers, with a range of additional reports and support processes in both tax and accounting management.

Contact us today to learn more about this and other Colombia business software tools! Read more about Microsoft Dynamics 365 here.