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PRODUCTS
PRODUCTS
PRODUCTS

Objective

In International trade, many elements of a transaction may be undeterminable at the time when merchandise is entered. Companies that import goods from related foreign parties may soon be eligible to most easily implement post-import pricing adjustments required under transfer pricing policies and advanced pricing agreements.GTK Reconciliation allows the importers and service providers to create and file Reconciliation entries with accurate and outstanding data irrespective of broker, port of entry, or other extraneous factors.

Testimonials

GTKonnect provided us a solution that fitted perfectly in our business environment and processes. GTKonnect ISF 10+2 solution gives us exactly what we need to meet with the new CBP regulation in addition to being easy and reliable to use.

Ivan Rosario,
Systems Manager, Stemcor
Features

Features

  • Working in Tandem with GTKonnect Imports, GTKonnect Reconciliation can receive all the entries flagged for Reconciliation automatically.
  • If used as a standalone application, flagged entries can be uploaded to GTKonnect Reconciliation using the GTKonnect Integration Manager module.
  • Using built-in intelligence, GTKonnect Reconciliation automates the Reconciliation process by deploying defaults, prompts, field level edits and internal controls.
  • MPF, HMF and midpoint interest calculation features provide to the penny accuracy in accounting and cost projection tools
  • Easy implementation of post-import pricing adjustment.
  • Penny accuracy in accounting and cost projection tools.
  • Identify cost savings from post-import adjustments.
  • Review Transfer Pricing Policy and Customs valuation methodology.
  • Electronic corrections and cancellations.
  • Opportunity to file post-entry NA Trade Agreements claims.
  • Provides importers with the ability to amend information that is undetermined at the time of entry without disrupting their supply chain.
  • Re-calculation of duty and tax.
  • Choose the filing options that fit your requirement (Entry-by-Entry or Aggregate).
  • Reduces the risk of compliance violations.