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FTZ Duty Account

former_member1245242
Contributor
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Hi Experts

I need to write FD on below GTS scnerio/object, so need your expert approach/logic,

"When the product ships from the FTZ warehouse, a posting shall be automatically generated to move the duty amount from the contra-inventory account to the duty liability account".

Many Thanks

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Answers (1)

Answers (1)

former_member215181
Active Contributor
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Hi Ramesh,

If you follow the approach that I suggested in your other post ("Duty-post to G/L acc"), you should be easily able to move the calculated duty amount from one G/L to another during the Goods Issue posting - just post the calculated value to the Duty Liability account, and "turn" the value (plus become minus) in a second posting to the Contra-Inventory account.  All easily done using standard Pricing configuration.

Regards,

Dave