How to Create a Freight bill with GST on Imports - AU/NZ

 To create a freight bill with GST on Imports,

1. Go to Accounting Module > Vendor > Bills then click "NEW".

2. From here, add the necessary details ex:- Vendor (Shipping agent). For your invoice lines, add your Freight product, GST on Imports, and Customs Duty if applicable. Please take note that adding your FREIGHT and Custom Duty will automatically select your LANDED COST check box. 

* Your Freight and Customs Duty falls on your Stock purchased in advance as these are recognized as part of your landed cost (which will then be capitalized to your product). While on the other hand, your GST on Imports will not be considered a landed cost, as this is not part of your cost and falls under your GST. As you can see in the above Image, the full amount of your GST on Imports is recognized as GST paid and not included in your subtotal.

3. You can then click on CONFIRM.

4. Once you check your Tax Report , you will see your GST on imports line reflecting the amount as indicated in the bill accordingly.