Applying Landing Costs (Freight, Customs, duty etc) to Inventory costs
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
Comments
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Are you referring to recording customs charges on imported goods & depreciation ?
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* 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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Hi Shaz
yes, freight, customs, GST, disbursement charges etc.
cheers Charles
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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
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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 😊
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* 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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Reckon Staff