MYCFO for Importers & Exporters
Accounting for cross-border trade. The industry modules for this edition are coming soon. The MYCFO core already covers your everyday bookkeeping today.
Importers & Exporters
Available today with core MYCFO
- Home currency per company from 154 world currencies
- Shipping documents attached to vouchers
- Item list and Stock Register
Planned for this edition
- Letter of credit (LC) management
- Shipment costing
- Landed cost
- Foreign-currency transactions
- Shipment tracking
Made for importers & exporters
MYCFO for Importers & Exporters is aimed at:
- Importers and distributors
- Exporters and export-oriented manufacturers
- Trading houses
- Wholesalers who rely on international suppliers
What makes accounting hard in this industry
Foreign suppliers and customers
Trading partners in other countries mean invoices and payments across currencies.
True cost of goods
Freight, insurance, duties and clearing charges must be captured to know what goods really cost.
Bank and shipping paperwork
Bills of lading, invoices, packing lists and bank documents must be kept with the transactions.
Entities in different countries
Trading groups often run companies in several countries.
How the MYCFO core helps today
These MYCFO features are available now. They are general accounting features, not the industry modules planned for this edition. Highlighted cards show how they apply to importers & exporters.
Accounts & general ledger
4-level chart of accounts, Record General Entry, General Journal, Recurring Transactions and Budget.
Banking
Bank Payment and Bank Receipt vouchers with Paid To / Received From.
Purchase & Sale
Purchase bills for suppliers, freight forwarders and clearing agents; sales and customer receipts for buyers.
Inventory
Item list, stock received and consumed, and a Stock Register.
Payroll
Employees and salary sheets.
Projects & Jobs
Projects and linked jobs on every voucher line, with budgets and opening balances.
Branches
Tag every voucher and journal line to a branch; P&L by Branch report.
167 reports
Index to Reports across 9 tabs, including Trial Balance, Balance Sheet, P&L, Cash Flow and ageing.
Attachments
Attach commercial invoices, bills of lading, packing lists and bank documents to vouchers.
Tax codes
Tax by code and rate on document lines. Does not prepare national tax returns.
Home currency per company
Run each company in its own home currency, chosen from 154 world currencies. Vouchers are entered in the home currency; foreign-currency invoices are planned.
Excel, print & backups
Excel import/export, Print and Send to Excel everywhere, and dated backups with Restore.
Planned for this edition
Industry-specific modules planned for MYCFO for Importers & Exporters. These are not available yet. Join the waitlist to hear when they are ready, or talk to sales about your requirements.
Letter of credit (LC) management
Track LCs opened, margins, bank charges and retirement.
Shipment costing
Collect all costs of a shipment in one place.
Landed cost
Allocate freight, duty and clearing to goods for a true landed cost, including foreign-currency costs.
Foreign-currency transactions
Record invoices in foreign currencies with exchange gain/loss.
Shipment tracking
Shipment status from order to arrival.
Be first to know when MYCFO for Importers & Exporters is ready
Join the waitlist, or talk to sales about using the MYCFO core today. Prices in USD. Customers worldwide welcome.