At this rate, tariffs may become the word of the year for 2025. They're definitely a hot topic right now, so let's talk about how FlexiBake can help you handle them.
If you're importing raw materials directly, those extra costs can really throw a wrench into your pricing. Now, you could try to build these directly into the Raw Material price on Purchase Orders, but sometimes vendors won't go for that, as it doesn't match their price. That's where FlexiBake's Add-On Costs feature comes in super handy.
Think of them as a way to keep track of all those extra expenses – tariffs, import fees, freight, sales tax – without messing with the Purchase Order you place with your vendor. You can record them separately as part of the Detailed Receiving Process, and FlexiBake will distribute those costs the raw materials' current cost on the items received. This won't impact your purchasing price on your Purchase Orders, but will flow through to your product costing reports! This way, your POs stay clean, your vendors stay happy, and you're still accounting for every penny.
We've updated our set of handy guides that will take you through how to set up and use the Detailed Receiving Process, so you can be prepared for anything:
Set Up To Use the Detailed Receiving Process
By default, the system is set use the regular receiving process as it's a bit quicker to complete. You'll need to follow the steps in our guide Enable The Detailed Receiving Process to turn on the Detailed Receiving Process and get started.
Define Your Add-On Costs
The next step is to define the Add-On Costs you expect to encounter. You can make as many or as few as needed to suit your business. Please see Define Add-on Costs (Receiving Slip Charge Types) to learn how to create a new Add-On Cost type
Receive Your Purchase Orders
Receiving with the Detailed Receiving Process isn't too different from the default receiving method. The main difference lives in the next step, where the receiving slip is closed. The guide Receiving with the Detailed Receiving Process will take you through how to receive against a PO when set to use the Detailed Receiving Process. This step is where the inventory enters your system.
Close The Receiving Slips
This is where the Detailed Receiving Process really kicks in! After a Receiving Slip has been created against a Purchase Order, to complete the receiving process, the slip must be closed. This is where any Add-On Costs are applied and the Raw Material current costs are updated. This section could be completed by the receiver, or you may wish to have a bookkeeper take it over to get a second pair of eyes to review and catch any mistakes or changes. To learn more on closing a Receiving Slip, take a look at Close a Detailed Receiving Slip (Record Add-on Costs)
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