Sales cost refers to the production cost, labor cost and marketing cost of the products sold and other business cost expenses. In the profit statement and balance sheet of general enterprises, there is a column that needs to calculate the cost expense of this section. So what is the difference between the cost of sales of foreign trade companies and importers? How are they calculated?
Foreign trade companies
First of all, for foreign trade companies, since the export process does not involve the link of inventory, there is no need to do the sales cost accounting of inventory. Therefore, in fact, the sales cost of foreign trade companies is the tax-inclusive RMB purchase price of the goods imported from the factory, which can also be said to be the value of the goods purchased.
One thing to note here is that the sales revenue, sales cost and sales expenses of foreign trade companies should be distinguished.
The sales income of foreign trade companies is mainly composed of export sales income and tax rebate income of state subsidies. Export enterprises get additional subsidy income in line with tax rebate, which is actually included in the category of sales income. The cost of sales is the value of the goods actually purchased by the foreign trade company from the factory. Sales expense refers to the sales expense and financial expense directly generated in the process of sales and marketing. For example, the inland freight of the purchased goods from the factory to the port; Port miscellaneous fees incurred in customs declaration, document exchange, weight lifting, packing and other operations at the port; A handling charge charged by the bank at the time of receipt; Shipping charges for export customs clearance documents, packing lists, invoices, certificates of origin and other documents.
As can be seen from the above description, the sales cost of foreign trade companies can actually be regarded as the actual purchase cost.
Then, for the importer, after he imports the goods, he needs to do the inventory storage of the goods, so the importer's cost of sales needs to be accounted for the cost of inventory.
After the imported goods are sent to the importer's warehouse, they need to go through a series of storage processes such as warehousing, inventory, inspection, and shelf placement. This process will incur labor costs. Will the costs incurred in this part of the warehousing be accounted for in the inventory cost?
In fact, the circulation-type enterprises such as importers, the expenses incurred in the warehousing process are the daily operation and management expenses, which is different from the manufacturer. The inventory costs of production enterprises include the storage of raw materials purchased, the storage of workshop products in production, and the storage of final finished products. The three parts are production-related costs and management costs, which are much simpler than those of circulation enterprises. However, storage costs are actually management and circulation costs in daily operations. Therefore, for circulation enterprises, this part of daily operating expenses is not accounted for in the cost of inventory, so it will not be accounted for in the cost of sales of importers.
Overall, the importer's cost of sales is the amount of the initial inventory plus the additional cost of purchasing, minus the amount of the final inventory at the end of the period. In terms of a single order, the cost of sales of an import only notices the actual purchase cost of the imported goods and all the costs incurred in the import process.