Trade and barter are two of the oldest forms of business
known to man, and while the principle involved is straight
forward in a domestic context, importing introduces
a number of new dimensions to be considered.
usually have to deal in a foreign currency, with the
associated risks of currency fluctuations, track all
costs associated with loading, packing and transporting
a shipment, possibly allocating these to arrive a real
costs, and also have to take taxes and tariffs into
Stamina Importing System provides a straight forward
solution to these problems , keeping you fully informed
of every aspect of a shipment, including costs and shipment
status, allowing you to concentrate on customer service
and pre-selling shipments before they arrive.
management usually starts with an order raised on an
overseas supplier in the Purchase Orders System, though
in theory this is not necessary.
your order is processed by your supplier or agent, the
status of each order line, or the entire order, can
be updated to reflect what is actually happening if
required. This allows key personnel to be able to act
on this information, for example warning customers of
a delay because of a break down at an overseas manufacturing
Invoice details can be entered as soon as they are to
hand, and the system verifies costs and quantities against
the original order.
commercial invoices, from various suppliers, can be
consolidated into a single shipment if required. Direct
costs associated with the shipment as a whole, or any
individual commercial invoice, can also be accumulated.
costs can later be spread over the related items on
the basis of weight, volume, number of units or dollar
value, whichever is most appropriate for the expense
incurred. The costs themselves are collected from the
Accounts Payable System, and can be in any known currency.
that the correct tariff codes and rates have been entered
against the products, and the necessary exchange rates
are available, the system can automatically calculate
the appropriate tariff and tax amounts for you.
you use the services of a customs agent, this routine
allows you to check his calculations, and adjustments
to the automatic calculations can be made if necessary.
The system automatically raises an entry into the Accounts
Payable System for these amounts in either case.
the shipment arrives, and has been cleared, real landed
unit costs are calculated including taxes, tariffs and
pro-rata ancillary costs apportioned as noted above,
for all of the products in the shipment.
this stage, or earlier if required, entries are generated
to the Accounts Payable System for the commercial invoices
in a shipment. These can then be paid using spot prices,
letters of credit, foreign exchange contracts etc. via
the overseas payment module, which automatically recognizes
profits or loss on foreign exchange transactions.
Stamina Importing System will help you better manage
all aspects of your importing activities, providing
you with accurate costing information, keeping you well
informed and ultimately allowing you to offer your customers
a higher level of service.
for Importing System Flow Chart