Custom and Shipping charges in Stock Transfer

Step 1: Login to your AltheaSuite account.

Step 2: From the main menu options go to Settings > Inventory Settings.

Step 3: In Inventory Settings mark the checkbox Accept Shipping Cost in Stock Transfers and select the Shipping Cost Payable Account and Shipping Cost Expense Account.

Step 4: Mark the checkbox Accept Custom Duty Cost in Stock Transfers and select the Custom Duty Payable Account and Custom Duty Expense Account. Click on Apply.

Step 5: From the main menu options go to Inventory > Stock Transfers and click New Stock Transfer.

Step 6: In New Stock Transfer screen, select From Warehouse and To Warehouse.

Step 7: Enter the SKU of the product by manually typing it or by scanning.

If you do not know SKU you can also select the Item by its name. Item name can be selected by directly typing it, by clicking on down arrow with few item selections or by clicking on the three-dotted button which will show all items as well as allow creating a new one.

Step 8: Enter Shipping Cost and Custom Duty Cost. Click Apply.

Step 9: Shipping Cost and Custom Duty will be calculated for each item.

• Shipping Cost per item = (Total Shipping Cost / Total Weight) * Item’s Total Weight

If Total Weight is zero, use Item Quantity instead of Weight

Shipping Cost per item = (Total Shipping Cost / Total Qty) * Item Qty

 

• Custom Duty per item = (Total Custom Duty / Total Purchase Price) * Item’s Total Purchase Price

If Total Purchase Price is zero, use Item Quantity instead of Purchase Price

Custom Duty per item = (Total Custom Duty / Total Qty) * Item Qty

Step 10: Click Save to complete the stock transfer.