Thailand | Inventory Management: Allocation of Miscellaneous Expenses
What is the allocation of indirect costs required in inventory management?
The allocation of import miscellaneous expenses refers to the distribution (apportionment) of import-related costs to inventory amounts based on specific rules. Import miscellaneous expenses mainly refer to various costs such as customs duties, customs clearance fees, and transportation costs. According to Thai accounting standards, it is required that the inventory amount at the end of the month includes the amount of import miscellaneous expenses. Therefore, the product price of purchased products (the price stated on the invoice) must have these import miscellaneous expenses added to it, and inventory management and financial closing must be conducted based on that amount. Generally, the invoices for product purchases and those for customs duties and customs clearance fees are often received separately. In some business systems, there may not be a function to allocate import miscellaneous expenses to the inventory amount, leading to cases where the inventory amount for financial closing needs to be managed separately in Excel.
- Company：東計電算 製造システム営業部 (第一事業所)
- Price：Other
