What is projected customs in SAP SBO - SAP Business One?

SAP Term: projected customs

• Component: SBO

• Component Name: SAP Business One

• Description: The value calculated by multiplying the FOB price for an item by the customs group data.

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• Key Concepts: 
  Projected Customs is a feature in SAP Business One (SBO) that allows users to estimate the amount of customs duties and taxes that will be due on an imported item. This feature helps users to plan their budget and manage their cash flow more effectively. 
  
  How to use it: 
  To use the Projected Customs feature, users must first enter the item’s details into the system. This includes the item’s description, quantity, value, and country of origin. Once this information is entered, the system will calculate the estimated customs duties and taxes that will be due on the item. 
  
  Tips & Tricks: 
  It is important to note that the estimated customs duties and taxes are just an estimate and may not be accurate. Therefore, it is important to double-check with your local customs office to ensure that you are paying the correct amount of duties and taxes. 
  
  Related Information: 
  For more information about Projected Customs in SAP Business One, please refer to the official SAP documentation.