The purpose of this document is to help you setup your Creditors and create the Creditor Invoice with the Import Costing details.
This is a 4 Step process that you can follow as applicable;
1. Creditor Setup
Generally on an International Invoice you will have been invoiced by 2 Creditors – The International Supplier who you purchased the stock from AND the Importer you pay the freight and GST charges too. The suppliers should be setup in the Creditor Master File as follows;
2. Stock Setup
3. International Stock Creditor Invoice
4. Import Supplier Invoice
Where does it all process to?
The International Invoice - The total of details entered in in Step 3 are in the Creditor Master File awaiting Creditor Payment
The Import Supplier Invoice - The total of details entered in in Step 4 are in the Creditor Master File awaiting Creditor Payment AND the additional costs are added to the Part items (as the Landing cost reflects the total line plus all additional freight charges therefore being the actual total cost of the part)
The GST - The total of GST charges details entered in in Step 4 are in the General Ledger Account ‘GST Paid’ awaiting GL Processing.
You will also be able to see all the Import and Costing info in the Stock Master File for a selected product- go to the Query Tab - run the query '2 Import History and Costing'