Applying Landing Costs (Freight, Customs, duty etc) to Inventory costs

maxadistaust · March 25

Hi I see an old post from 2019 with this same question. I am wondering if there has been any add to the software to cater for amortizing and applying import costs to the items being imported.

Thanks

Acctd4 · March 25

Hi @maxadistaust

Are you referring to recording customs charges on imported goods & depreciation ?

maxadistaust · March 25

Hi Shaz

yes, freight, customs, GST, disbursement charges etc.

cheers Charles

Reeta · March 25

Hi @maxadistaust ,

I've come across an article regarding processing charges for imported goods. I believe it could provide information on how to handle customs duty, transportation charges, insurance, and other related fees.

Please CLICK HERE for article.

Hope this helps.

Kind regards,

Reeta

Acctd4 · March 25

Hi @maxadistaust

It's not necessary to create any additional tax codes (contrary to Reckon's article!)

I have a specific detailed guide - with screenshots - on how to enter this in RA/RAH. Feel free to email me direct if you'd like me to send it through to you 😊

Applying Landing Costs (Freight, Customs, duty etc) to Inventory costs

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Shaz Hughes Dip(Fin) ACQ NSW, MICB

* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

Accounted 4 Bookkeeping Services

Ballajura, WA

(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

Shaz Hughes Dip(Fin) ACQ NSW, MICB

* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

Accounted 4 Bookkeeping Services

Ballajura, WA

(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

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