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Receiving from Customs Warehouse - Consignment

Receiving from Customs Warehouse - Consignment

Receiving from Customs Warehouse - Consignment

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000001.gif For a general description of receiving from customs warehouse see receiving from customs warehouse.

Goods that you issue in the Customs Warehouses module have to be received also in the Goods module due to ensuring valid customs records. In Customs Warehouses you can monitor value of goods only in foreign currency, or otherwise in the currency amount with which the goods have been received to the customs warehouse. Make the putaway to a corresponding warehouse from which the goods are picked and issued to end customers. For consignment goods use a predefined document type 1S1.

000001.gif Different from receiving own goods and thus charging the account for goods stock, you have to post receiving of consignment goods to other accounts, that is, temporary account for short-term (from the capital side still temporarily unbilled) liabilities for commission and consignment sales.

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Below you can observe an example of posting such receiving when customs duty is included in the purchase price:

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Balance on the account for short-term (temporarily still unbilled) payables from commission and consignment sales is equivalent to the amount of customs duty included in the purchase price of resale goods. It is not subject of your capital liabilities.



 

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leutrimm24.03.2023How can Customs be recorded when two bills are a customs sheet?