How on earth should entrepot trade be counted? Come and teach me quickly!
Solved#Entrepot trade#
Our company has recently been involved in the entrepot trade business. We haven't been exposed to this kind of statistics before, and we don't know what principles and methods to follow. How can we accurately count things like the entry and exit of goods and the flow of funds? Moreover, I heard that there are differences between the statistics of entrepot trade and general trade statistics. Where are the specific manifestations? Is there a relatively clear and easy-to-understand statistical process that you can tell me about so that I can successfully complete the statistical work of the company's entrepot trade?
Professional consultant answers
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The statistics of entrepot trade mainly involve two aspects: goods and funds. In terms of goods statistics, although the goods do not actually enter or exit the customs territory of our country, the source and destination countries need to be recorded. Information can be obtained from documents such as trade contracts and bills of lading. In terms of funds, the income and expenditure of entrepot trade are counted, and the time, amount and trading counterpart of receipt and payment are clearly defined. The information can be queried from the bank's receipt and payment records. Different from general trade, the goods in entrepot trade are not processed in our country. The statistical process is as follows: First, collect the documents related to trade and sort out the flow of goods and funds; then classify and sort out the data according to the source, destination, amount, etc.; finally, summarize and generate reports according to the statistical purpose. For example, if goods are purchased from Country A and sold to Country B, Country A should be recorded as the source of the goods, Country B as the destination and the relevant fund transactions. In this way, the statistics of entrepot trade can be completed more accurately.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
When counting the entrepot trade, special attention should be paid to the trading contract, which will clearly define the key information such as the buyers and sellers of the goods and the price. This is an important basis for counting the amount. In addition, communicate more with freight forwarders. They can provide information such as the transportation route of the goods, which is convenient for counting the circulation information of the goods.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
When counting the entrepot trade, a special ledger should be established to record the goods and fund information of each business in detail, which is convenient for subsequent summary and analysis. At the same time, attention should be paid to the change of exchange rate, because foreign currency settlement is involved, and different exchange rates will affect the final counted amount.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The customs data has a certain reference value in the statistics of entrepot trade. Even if the goods do not actually enter or exit the customs territory, the customs may have relevant filing information. It is also possible to regularly check the data with the partners to ensure the accuracy of the statistics.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
For the statistics of entrepot trade goods, the logistics information platform can be used to master the dynamics of the goods in real time, understand when the goods are shipped from the source country and when they arrive at the destination country, and assist in counting the time nodes.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
When counting the flow of funds, it is crucial to analyze the turnover speed of funds, which can show the business efficiency. The time interval from payment to receipt for each entrepot trade can be calculated and compared with the industry average level.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Pay attention to distinguishing the statistics of entrepot trade and transit trade. The goods in transit trade only stay briefly in our country and no transfer of ownership occurs, while the ownership of the goods in entrepot trade is transferred.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
When counting the entrepot trade, for the partners with frequent transactions, special attention should be paid to the changes in their trading data, analyze the business trends, and potential risks or new opportunities may be discovered.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The use of statistical software can improve the efficiency of entrepot trade statistics. Functions such as Excel's functions and pivot tables can quickly sort out and analyze a large amount of data.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Regularly audit the statistical data of entrepot trade, check the accuracy and compliance of the data, and timely discover and correct the errors and problems in the statistical process.