International Transfers GL Report and Journal Entries (SYS 714)

This program lists the breakdown of freight costs for international transfers to include duty, exchange rate and freight. It also creates actual entries to record the break down to offset the lump sum freight posting.

Enter a Y in the Create GL Journal Entries field to breakdown the additional freight cost into separate GL accounts.

A separate journal is created by using option SYS 714 which reduces the GL account assigned to additional freight by the amount of duty, exchange, and supplier rebates incurred by the international transfers. The net effect is that the freight account, duty accounts, supplier rebate accounts, and exchange accounts are now adjusted for the international transfers.

A summary version of the report is shown below.

The GL accounts used for the duty, exchange, and supplier rebates come from the duty, exchange, and supplier rebate tables on the SET menu.