Importers and exporters may need accounting processes that connect foreign-currency invoices, supplier/customer balances, shipping-related costs, customs documentation, payment settlements, inventory and bank transactions. CorporateWalla can support import-export businesses with bookkeeping, foreign-currency reconciliation, supplier/customer accounting, import-cost tracking, export settlement reconciliation, inventory accounting and management reporting based on the records and agreed scope.
Import-export accounting records transactions involving cross-border purchases and sales and may require reconciliation of foreign-currency invoices, bank payments, customer receipts, import-related costs and inventory. Depending on the transaction, accounting may also need to consider exchange differences and the applicable treatment of freight, insurance, duties and other costs.
Customs, GST, FEMA and trade-law compliance are related but separate specialist areas and should not be treated as automatically included in bookkeeping.
Depending on scope:
Possible areas include:
Support may include:
The accounting treatment of foreign-currency differences depends on the applicable accounting framework and transaction facts. For businesses with several currencies, see multi-currency accounting.
Depending on the business, records may include:
Not every import-related expense is automatically capitalised into inventory. Classification depends on the applicable accounting requirements and facts.
Reconciliation may compare: Export Invoice → Customer/Bank Receipt → Bank Charges → Accounting Ledger
Potential differences may arise from:
Possible reports include:
| Report | Purpose |
|---|---|
| Import purchase report | Review overseas purchases |
| Export sales report | Review overseas sales |
| Foreign-currency ageing | Monitor receivables/payables |
| Supplier ageing | Review overseas supplier balances |
| Customer ageing | Review export customer balances |
| Import-cost schedule | Review relevant acquisition costs |
| Inventory report | Monitor imported goods |
| Cash-flow report | Review cross-border cash movement |
| Budget vs Actual | Analyse material variances |
The exact reporting model depends on the business.
For goods businesses, imported purchases may ultimately enter inventory.
Inventory records may need to reconcile: Supplier Invoice → Import/Receipt Records → Inventory → Sales → Closing Stock
Quantity, cost and timing differences should be investigated before adjustments are posted. See inventory accounting.
Export businesses may need customer-wise reporting for:
Foreign-currency receivable accounting should follow the applicable accounting framework.
Import-export businesses can have separate requirements involving:
Accounting support does not automatically constitute customs clearance, FEMA advice, GST legal advisory or trade compliance. Where needed, these can be scoped separately: GST reconciliation, GST return filing, FEMA compliance and Import Export Code (IEC).
Potential systems include:
Specific integrations are confirmed technically during scoping rather than assumed.
Businesses may face:
A difference does not automatically establish an accounting error and should be investigated using the underlying records.
Pricing: Scope-based / customised.
Pricing may depend on:
Pick the speed and depth that matches your need. Same quality, same CA team — only the timeline changes.
Timeline: Quoted on transaction volume
Timeline: Quoted on currencies, suppliers and customers
Timeline: Quoted on inventory, entities and cleanup
Every price above is a professional fee, excluding GST and government charges. 50% on delivery.
Import-export accounting is quoted on scope rather than a fixed package. The quote depends on import/export transaction volume, number of currencies, number of suppliers and customers, number of bank accounts, inventory complexity, number of entities, reconciliation requirements, any historical cleanup and reporting frequency.
Identify products/services, countries, currencies, suppliers, customers and payment channels.
Review invoices, purchase records, bank statements and relevant shipping/trade documentation.
Record purchases, sales, receipts, payments and relevant expenses.
Match foreign-currency invoices and settlements with bank and accounting records.
Map relevant directly attributable costs where appropriate.
Review outstanding balances and payment/receipt differences.
Complete agreed reconciliations and closing entries.
Prepare agreed trade, cash-flow, inventory and profitability reports.
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Supplier invoice recording, foreign-currency payable tracking, bank payment reconciliation, import-cost schedules and vendor reconciliation.
Export invoice recording, customer receivables, foreign-currency collections, export settlement reconciliation and customer-wise ageing.
Foreign-currency receivables, payables and bank transactions reconciled, with realised/unrealised exchange differences reviewed where applicable.
Import purchase, export sales, foreign-currency ageing, import-cost, inventory and cash-flow reports, depending on the business.
From ₹14,999 • Monthly
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Custom quote • Scope-based
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Custom quote • Scope-based
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From ₹4,999 • 15–30 days (indicative)
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From ₹999 • 3–7 days
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From ₹2,499 • Monthly
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From ₹6,999 • Monthly
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From ₹4,999 • One-time
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