Abbreviations

Below you will find the list of abbreviations and terms used in describing the Accounts Compliance module.

Abbreviation/Term	Expansion/Description
GAT	Ganancia Anual Total - Total Annual Income
CLABE	Clave Bancaria Estandarizada (CLABE is an 18-digit Id that contains the bank code, branch office code, account number, control digit).
MXN	Mexican Peso. Official currency of Mexico
UDI	Unidad de inversión (Unit of Investment) - Index rate
Level Accounts	Demand deposit accounts are grouped by an account level that consider UDI value limits to restrict monthly deposit transactions. Products Level 2: University Account Products Level 4: Payroll Account Deposit Account Current or Growing Account
IVA	Impuesto al Valor Agregado (Value Added Tax) It is a consumption tax applied on goods disposal, provision of independent services, granting of temporary use of goods, and importation of goods and services.
ISR	Impuesto sobre la Renta (Income Tax) It is a tax that is applied on the income acquired, with the exception of inheritances and donations.

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