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US Foreign-Trade Zone (FTZ) Management

FTZ Management: Tools - Create Period Balances

The
Create Period Balances
 screen is used to save balances throughout the year, allowing you to run mandatory scheduled reports (e.g., Annual FTZ Board Report, Annual Reconciliation Report). While it is only required to create period balances once a year, we recommend creating the period balance weekly as a best practice.
This screen can be opened by choosing
Create Period Balances
 from the
Tools
 menu.
All CF7501, CF7512, and Scrap reports must be run prior to saving period balances.
If one or more of these documents have not been run and finalized prior to creating a period balance, an error message (The shipped components table must be cleared before FTZ balances can be computed. Please clear table and try again) will appear on the screen.
To create a period balance:
  1. Set the Save Date.
  2. Click
    Save
    .

This article applies to:

  • Product: ONESOURCE Global Trade
  • Sub-Product: US Regimes & Connectivity

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