Crush the Chaos of 2025 Trade War Battles
Our team is hard at work coming up with many options for how Spire and our custom toolkit of micro-solutions can hep you battle the chaos of tariffs. Spire has several built in features that make it easy to handle several challenges rolled up in the trade war reality.
Country of Origin Field - allows you to quickly provide information to savvy Canadian consumers who want to support local first and "Not US" second.
HS Code field - right now the tariffs appear to be a blanket rate, but you still need to provide HS Codes for anything that comes across borders. The HS Code field can be imported if you have a large number of item codes with all different HS Codes.
Duty % field - The Duty % field on your Inventory Item code details page is where you can enter the duty % that will be charged on that specific item. If you enter the % here, the duty will automatically calculate on every Purchase Order you create when you receive your goods. You can direct that duty to an accrual account for matching with brokerage documents.
If you want to show the duty separately on invoices, we have a Levy Code in Spire that will work well for that approach and we can edit your forms to show the duty separately.
There are both accounting, reporting, and pricing implications as a result of these tariffs so if you need help getting setup for this battle, let us know. We would be happy to help.