Great video. I think this was the first video that suggested setting up a cost category for Landed Costs. That said, I'm confused as to the best way to do import duties. Part of the reason is that we will have to pay them to a separate customs broker. Also that they can be treated as input taxes in our local vat system. I was thinking of just showing a sales tax in the vendor bill despite there not being any so that the vat (duties) would be calculated and added to the right vat tracking account but ideally they would be done sort of the way you have done these landed costs in a separate bill but get allocated to the vat account directly. Can you advise how I would do that? Thanks
Hello, Thanks for your comments. Import duty can be handled very easily in Odoo. Let's say you are paying 100 USD as import duty and the full amount is going to the Tax account. First you can create the import duty as a service type product. Then you can create another Tax called 100% import duty. Make sure the tax percentage you are giving is 100 percent in the calculation. Then you can create a vendor bill to the vendor (maybe vendor is your govt or the Tax authority). Then select the import duty service product. Select the import duty tax in the line. Then you will be able to process the Landed Cost in a similar way to others.
That is also the same way. You can create another bill with the required vendor, then choose the correct vendor. Make sure you are selecting the Landed Cost items in the bill lines. Once the bill is confirmed, you can create the Landed Cost record. In that newly created record, you can select the related shipment numbers.
Great video. I think this was the first video that suggested setting up a cost category for Landed Costs.
That said, I'm confused as to the best way to do import duties. Part of the reason is that we will have to pay them to a separate customs broker. Also that they can be treated as input taxes in our local vat system. I was thinking of just showing a sales tax in the vendor bill despite there not being any so that the vat (duties) would be calculated and added to the right vat tracking account but ideally they would be done sort of the way you have done these landed costs in a separate bill but get allocated to the vat account directly.
Can you advise how I would do that?
Thanks
Hello,
Thanks for your comments.
Import duty can be handled very easily in Odoo. Let's say you are paying 100 USD as import duty and the full amount is going to the Tax account. First you can create the import duty as a service type product. Then you can create another Tax called 100% import duty. Make sure the tax percentage you are giving is 100 percent in the calculation.
Then you can create a vendor bill to the vendor (maybe vendor is your govt or the Tax authority). Then select the import duty service product. Select the import duty tax in the line. Then you will be able to process the Landed Cost in a similar way to others.
Ho we add the landed cost if we have more than one service bills against a purchase
That is also the same way. You can create another bill with the required vendor, then choose the correct vendor. Make sure you are selecting the Landed Cost items in the bill lines. Once the bill is confirmed, you can create the Landed Cost record. In that newly created record, you can select the related shipment numbers.
Hii bro
Hello