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Edit Company - Edit - Import Costing

On-costs and landed charges for shipping goods from overseas suppliers are entered into the Import Costing ledgers and appropriated by weight/volume/price to increase the inventory cost of an item (landed cost). Micronet enables the entry of up to 20 extra charges. These charges may relate to freight costs, handling, shipping fees, insurances, etc.

You also use this option if you want to allow the partial release of goods via import costing.

 

Warning

There are a number of import charges that are deemed GST free or Exempt. These charges MUST be set up in the Import Costing Setup screen as separate lines so they can be integrated separately and thus the correct BAS flags can be assigned to each transaction.

 

 

Technical Tip

Import costing shipments generally comprise more than one invoice for landed charges and customs. Import costing charges can be duplicated (as shown) to support the multi-invoice nature of import shipments and ensure that GL interface records are kept to a minimum.

To setup or edit import costing charges:

  1. Select a company to edit.

Refer to "Selecting a Company to Edit"

  1. Select EDIT | IMPORT COSTING.

Micronet displays the Import Costing Setup screen.

  1. Complete the following fields:

 

Field

Value

 

Import Charge 1 - 20

Enter the names or labels for your import costing charges. Micronet displays these labels when users enter Import Costing transactions (refer to "Inventory - Import Costing").

 

 

Technical Tip

  • Duty and Deferred GST are compulsory fields in the Import Costing program. You do not need to enter them on this screen.
  • A GL interface record is required for each import costing charge so that the charges can be automatically posted to the General Ledger (refer to "Setting up GL Interface Records for Import Costing").

 

 

Calc Duty

For each import costing charge, select Yes if you want Micronet to calculate duty, or No if you don't.

 

Allow Partial Releases on Import Cost

For each import costing charge, select Yes if you want to allow the partial release of goods via Import Costing, or no if you don’t (refer to "Import Costing - File - Partial Release").
  1. Select the Ok button.

Micronet redisplays the Change Existing Company screen.

  1. Select FILE | SAVE to save your changes.
  2. To see your changes take effect, you need to log back in to Micronet.

Refer to "Logging in With Updated Configuration (Method 1)" or "Logging In With Updated Configuration (Method 2)".