Tariff Setup

Tariff Setup

HelpID: 713622013

Navigation: Tools >> Setup >> Company >> Tariff Setup

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SCOPE

  • Global: uses the settings from the Tariff Setup window only to calculate a tariff surcharge on every sales document.
  • Detailed: uses Country Tariffs, Country of Origin, Item Tariff, Vendor Tariff and Customer Tariff setup.
  • Custom: uses a stored procedure to calculate tariff. See CUSTOM SCOPE at the end of this document.

CALCULATE ON

  • Subtotal: this is only available when using the Global Scope. The tariff will be calculated based on the document subtotal.
  • Sales Inventory Items: tariff is calculated on a per sales line basis.

METHOD

  • Excluded: Excludes the Country, Item, Vendor (Item’s Primary Vendor), or Customer from tariff.
  • % Value: value is the Current Cost or Standard Cost from Item Maintenance
  • Specific $ per Unit: tariff is a specific dollar amount multiplied by the quantity sold
  • $ per Weight: tariff is based on a dollar amount per unit weight
  • % Extended Price: tariff is based on the sales line extended price
  • Additive: primarily used only at the item level. A country level tariff may be applied to all items, and for some items based on material content (i.e. aluminum) there is an additional tariff. Additive must be calculated as a fixed dollar amount per Item quantity.

Percent/Amount

  • The Percent/Amount fields will be available depending on the Tariff Method

 

Add To

  • Misc. Charge Field: adds the total amount of tariff for the document into the Misc. Charge field on Sales Transaction Entry.
  • Sales Lines as Total: adds a line to the sales document for the Tariff Item Number.  It sets the Extended Price of this item to the total amount of tariff.
  • Sales Lines per Item: adds a tariff line per line item on the document using the Tariff Item Number.  The Item Description will be modified to provide information about the tariff, such as: “CN: % of value (50)”.

 IMPORTANT: The Tariff Line Item Description is created using a stored procedure in the company database called wspTariffDesc.  This can be modified at your site to change the description as needed.

 

Calculate Tariff For Assemblies

For items will a Manufacturing Bill of Materials, Inventory Bill of Materials, or Inventory Kit, the tariff calculation can look through the assembly to find purchased parts and retrieve the tariff on those items. It explodes the BOM and extends the quantities, so selling 2 of the finished good results in multiplying all BOM quantities by 2. The tariff for the sales line is calculated by adding up the tariff on all components in the assembly.

Round Tariff Decimals

Choose how to round the tariff dollar amount. Do not set this to less than your functional currency decimals or you will lose value in the calculation.

Tariff Item Number

When applying tariff by using a sales line you need to provide a Tariff Item Number. This must be a Misc Charges, Services or Flat Fee item. If you have Sales set up to use posting accounts from the Item, for the Sales GL account on the item specify an “Applied Tariff Revenue” Account.