3.0 How do we handle the new tariff charges?

Modified on Wed, 4 Feb at 8:28 AM

To account for tariff charges in Softbase, there are a few options available to recoup tariff costs and charges.

If you would like the tariff charge to be a separate line item, we would recommend setting it up as a miscellaneous charge for the parts department. That process is covered in the article linked below. This would allow you to charge a percentage of the parts sales and direct that charge to a different GL account but would be represented as a separate line item on the invoice.

https://support.softbaseevolution.com/en/support/solutions/articles/150000215528-3-0-how-to-setup-and-apply-department-miscellaneous-charges

We have seen some customers create a new parts rate and add a tariff percentage to the parts rate that is charged, and then update customer parts rates in Softbase to charge a new parts rate that includes a tariff percentage. This then does not impact part costs and allows the tariff amounts to be included in the parts pricing lines and not as a separate line item, but it would post to the parts sales GL account and would not be directed to a separate GL account.

Finally, landed costs would be another option. The landed cost percentage would be set up in the parts group setup, and then the account for that additional cost to post into would be setup on the warehouse tab. When selling, that part will have a separate cost built into the sale that will post into the account entered on the landed cost account field for the warehouse. This does not affect the calculation of the selling price. That would have to be handled separately in the parts markup.