Import+Wholesale+Company

CPH Group Cost for import Wholesale company

1) delivery cost. FOB Shanghai means the factory pay the delivery cost from the factory to the sea. The importing company pay the rest of the delivery cost from the Chinese border to Australia.

The second delivery payment is the deliver payment within Australia, such as, from Melbourne to Geelong.

2) custom -services fee charge. -duty. -GST (A) Bill from APC. BiIl charge plus GST (B). Duty customs and GST, service fee charge Payment to APC Customs Services Company. ACP calculate the a) GST for the Goods imported b) customs for the Good imported. AlL charged based on AUD.

freight cost allocation: The above freight expense are paid with AUD Converted from USD. When allocate the freight cost to each item, convert back to USD per unit freight cost, add it back to each purchases price per unit. The import the total purchases per item quantities and total value based on the conversion of USD per unit to AUD per unit times quantities with the foreign exchange rate at receiving good, I.e. Rolling the inventory items into the stock.

//1) Reconcile Bank Statements Reconciliation reports with each bank accounts in the Balance Sheets .// //2) Reconcile GL-General Ledger between different systems if data migration occurred.// //3) Reconcile the opening balance of the suppliers and the customers between two systems after data migration.// //Reconcile Vender bills and customer invoices with the original hard copy of the invoices. Check the type of currency, term, date etc.//
 * //__Reconciliation__//**

//Reconcile customers' and Suppliers' accounts and payments// //Bad debt report// //Inventory valuation// //Loan and Business mortgage reconciliation//

//General common Errors: posted to wrong accounts, used wrong currency type, wrong data entry, difference between the physical stock and the Inventory value in GL---caused by inventory quantities adjustment delay!//

//Account Payable://

//Employee expense claim// //purchase order/invoice processing 50 invoices// //roll in and withdraw stock// //allocate freight charge to the inventory// //approve payment//

//daily reconciliation, GL/ reconciliation report monthly and balance sheet-bank account// //reconcile inventory - physical stock quantities and inventory account in the Balance Sheet// //stock quantity adjustment monthly//

//CRM item information// //update price list by importing// //creat standard CSV file for importing//

//setup users profile and previlige for the customer center//

//online orders flow through Netsuite//

//report// //dealt with queries//

//Accounts payable//