UK Inventory transfers to branches

Joined
May 23, 2016
Messages
1
Reaction score
0
Country
United Kingdom
We import and distribute meat. We have two branches and a H.O. When we receive a shipment first we deliver to our customers and the remaining goes to our branches. My question is which costs should be added on the inventory transfers to and from branch? Airport customs cost works out 0.80 per kg, should we include this in inventory transfers to branches. We record customs bills in our H.O but my main concern is if I add customs cost in inventory transfers to branches I will be over stating my expense or should I just charge the same price our vendors charge us?
 

Fidget

VIP Member
Joined
Jan 6, 2013
Messages
754
Reaction score
139
Country
United Kingdom
You can add the import charge to the inventory. Probably best to do it as a whole, then charge it out in proportion to inventory that goes to branches.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top