Bevica for the Operations team
Watch our video to see how Bevica could transform the data available to the operations team.Watch the Bevica operations video
Integral to Bevica Essentials is the treatment and control of Excise Duty, also known as Duty Management. Save time and money, let Bevica Essentials manage and control your duty and VAT liability to HMRC. Items, transactions and stock are set up and posted according to HMRC rules, with automatic calculation and accrual of duty values.
From the moment an item is created, it holds the information necessary to purchase, produce, manage transfer and sell both Duty Free and Duty Paid. Duty enhancements extend to making it as easy as possible to manage duty changes, sales and purchase pricing.
Date ranged duty tables hold the reference information needed and inventory logic to recognise when clearances to Duty Paid are needed, Bevica creates the necessary stock movements uplifting inventory cost and accruing Duty.
Whether you are using a third party warehouse or your own, stock always reflects the real world. Stock can be receipted Duty Free, then depending on its destination, transferred to another bonded store or exported, with no duty implication, or cleared to Duty Paid.
Fully integrated with financial postings the HMRC Duty Ledger is a stamp in time of all the duty relevant information and as such provides a perfect audit of every clearance to Duty Paid for your alcoholic drinks, should you need it.
Aside from the financial uncertainty that excise duty changes cause, it never need be an issue operationally… have you
stayed late in the office changing sales prices, do you need to revert to your calculator and excel to update item costs? With Bevica Essentials duty management could not be simpler. To make sure the new duty rates are applied at the correct time enter the new rate per Duty Code, its start date and let Bevica do the rest.
Similarly, managing your sales prices need not be a headache. Bevica Essentials’ duty management software applies the most specific pricing, making it as easy and transparent as a possible to set the prices you want to charge. Inherent duty logic means that you have complete flexibility in how you create and manage prices; either Duty Free or Duty Paid with the system calculating the correct price at time of sale. Duty management has never been easier.
Pricing flexibility extends past just duty. For any price you can set valid start / end dates, product size and quantity breaks, incl. / excl. VAT. Most specific pricing hierarchy lets you select at what level any price is to be applied: for a specific campaign, customer, a group of customers, or globally.
Bevica’s duty management software allows you to stay compliant with Economic Operators Registration and Identification number (EORI) requirements and the Authorised Wholesalers Registration Scheme (AWRS), record every relevant AWRS URN and the last time it was checked as part of your essential duty management requirements.
If you would like to find out more about our duty management features, get in contact with a specialist today.
Last month Microsoft released their plans for updates to all Dynamics 365 applications, including Business Central, coming from April 2021 as part of the 2021 Wave 1 update. Most...View Post
There are hundreds of different Enterprise Resource Planning (ERP) systems available in today’s marketplace. Microsoft, as one of the top providers of software in the world, is a leading...View Post
Did you miss this feature in the Business Central 2020 Wave 2 update: enhanced emailing from within Business Central? Up until that point, all emails generated from within Business...View Post
Business Central users have until 1st of April 2021 to switch their browser and move to Microsoft Edge. This is because as from 2nd of April, Internet Explorer 11...View Post
Woking, UK – 2nd February 2021. TVision has clients going live on Microsoft Dynamics 365 Business Central every month. But January 2021 was a new record with six new...View Post