Document Type

Let's say, for example, you've recorded an import purchase using the Predefined Document Type 191. This differs from the basic receiving document type (100) because here you've selected the foreign currency account 2210 for recording liabilities to this supplier.

In the Document Types settings,  the account in the Included Customs Duty CR column will display the customs value, the account in the Included VAT CR column will display the tax value, and the account in the Included Dependent Costs CR column will display the value of transport and direct costs.

Receiving and Calculating Purchase Price

Example: You're importing 10 pieces of the item IMPORTED01

With regular/domestic receiving purchases, the correct VAT amount must be calculated on the receiver's invoice. In the case of imported goods, the customs administration will confirm the correct tax (and customs) base on the import customs slip (SAD). Here the exact VAT value that you can claim as an input tax is also displayed.

According to accounting standards, you must calculate the import invoices you receive into the domestic currency using the Bank of Slovenia's middle exchange rate, in this case 1.64 AUD = 1 EUR. This rate is used to post in the subject accounts/general ledger and to figure out the purchase value of the goods.

In the Items register you've already entered the calculative elements of the purchase price calculation:

On the basis of this information you can generate a cost estimation of the purchase price - precise information about the tax and customs base, imposed customs  duty, and VAT will be known once you receive the SAD for the goods you have imported.

The seller is a non-resident. In the Suppliers register you've selected Import as your purchase method. This will also be your default purchase method.

Receiving

Create a receiving document for this item using the specified parameters:

After price estimation, the calculated price for this imported item is 17.484 EUR. For an explanation of purchase information, see Receiving Documents.

In this phase, the Tax Base for Import of Goods in the Calculation of Receiving is still equal to 0, that's why the correct value is not displayed in column 7 of the ledger of invoices received.

It can be completed by:

• Using the SAD Module ( a shortcut for creating an SAD is available in the Wizards menu of the receiving invoice) or
• Manually (by completing the Calculation of Receiving)

• Receiving
• Receiving Documents

• Adding Purchase Data - Using the SAD Module
• Adding Purchase Data - Manually
• Freight Forwarding Invoices
• Ledger of Invoices Received
• Posting
• Importing Free Samples
• Services on an invoice for Imported Goods