Freight/ Transport charges

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This query is : Resolved

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A manufacturing company from Telangana is seeking guidance on how to record transport and freight charges for export sales in Tally. Specifically, they want to know which ledger to use when the client pays for transport and the company invoices the transporter. The advice given is to include these charges under the FOB value of goods exported, which will also make them eligible for export incentives.

lakshmi

lakshmi (Querist)
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07 April 2020 Dear Team,

We are a manufacturing company from Telangana.
Can you please advise under which head in tally should we enter Transport/ freight charges for export sales?
We export the manufactured product wherein a few cases the client pays us the transport charges and we pay it to the transporter, hence generate an invoice for transport or freight charges also to the client.
Should it be under direct income or Exports?
Should this value of transport be added to the value of exports for that year ( i.e., if we are considering value of exports for a financial year should value of transport invoice also be added to exports )?