How To: Setup INCO Terms for use with Sales Orders and Basic Reports
Table Of Contents
Introduction
INCO Terms (International Commercial Terms) define the responsibilities of buyers and sellers when goods are traded internationally. They can be used on Sales Orders and within Basic Reports in Khaos Control.
For a detailed explanation of each term, see the external guide: GOV INCO Terms explained.
Once configured, INCO Terms can be selected from the Sales Order | Detail | Additional screen. The drop-down list displays both the abbreviation and description for each term.
How INCO Terms Are Used
- INCO Terms can be assigned to Sales Orders.
- The selected term is available within Basic Reports.
- The Customs Invoice Basic Report uses the value entered in the Code field.
- If you require a copy of the Customs Invoice report, please email the Training team.
Adding a New INCO Term
- Open the System Data screen.
- Open the INCO Terms screen.
- Press Alt + E or select Edit to enter edit mode.
- Press F3 or select Add to create a new INCO Term.
- Enter a description for the term, for example:
- Free on Board
- Cost and Freight
- Delivered Duty Unpaid
- Delivered Duty Paid
- Enter the INCO Code, for example:
- FOB
- CFR
- DDU
- DDP
- Enter an abbreviation for the term. This is normally the recognised short form of the International Commercial Term, such as FOB or DDP.
- Press Ctrl + S or select Save to save your changes.
Note: The Code field normally uses the standard three-character INCO code.
Additional Information
When selecting an INCO Term on a Sales Order, users will see both the abbreviation and description, making it easier to choose the correct term for the transaction. Ensure the Code entered matches the recognised international abbreviation, as this may be used on export documentation and Customs Invoices.