Accounting & Bookkeeping ยท KBLI 10200
Seafood Industry Accounting
Per-batch yield costing, cold chain inventory valuation, and multi-currency export revenue
Important Note
This industry needs careful tax compliance monitoring. Make sure all obligations are fulfilled on time.
What usually goes wrong
-
Variable Yield Costing
Fish/shrimp processing yield varies seasonally and by catch quality โ per-batch costing essential.
-
Cold Storage Inventory Risk
Frozen products susceptible to freeer burn and temperature deviations requiring appropriate provisioning.
-
Multi-Currency Export Revenue
Exports to Japan (JPY), US (USD), Europe (EUR) with exchange rate fluctuations affecting revenue.
What we do
- 01
Batch Yield Costing System
Per-batch costing tracking input (kg raw material) vs output (kg finished product per grade).
- Measurable batch yield
- Accurate COGS
- Supplier quality scoring
- 02
Cold Chain Inventory Control
Lower of cost or NRV with provision for slow-moving stock in cold storage.
- Timely write-downs
- Minimal losses
- Optimal rotation
- 03
Export Hedge Accounting
Forward contract hedging policy with PSAK 55 documentation.
- Stable rupiah revenue
- Protected margins
- Compliant reporting
Related regulations
-
PSAK 14
Inventories
Frozen and canned seafood inventory valuation using FIFO and lower of cost or NRV
-
PSAK 72
Revenue
Export seafood revenue with various incoterms (FOB, CIF, CNF)
-
PSAK 55
Financial Instruments
Foreign exchange forward contracts for seafood export hedging
If the tax office starts asking questions
The team that keeps your books and files your taxes also stays with you through an SP2DK, an audit, an objection and an appeal.
Frequently Asked Questions
How is seafood yield costing calculated?
Yield = output (kg finished product per grade) / input (kg raw material). Example: 1 ton raw shrimp yields 600 kg frozen headless shrimp (60% yield). Raw material cost allocated to finished products based on respective grade yields. By-products (shells, heads) credited as cost reduction if sold.
How is FOB export revenue recognized?
Revenue recognized when goods loaded onto vessel at Indonesian port (Bill of Lading date). Recorded in contract currency (USD/JPY/EUR) at BI middle rate on recognition date. Receivables revalued at each reporting period at BI closing rate. Exchange differences recognized in current period P&L.
How do accounting services improve operating cost efficiency?
Accurate, timely financial reports help you spot cost leakage, monitor margins by product or service, and make data-based decisions.
Can financial reports be accessed in real time?
Yes. We use cloud accounting systems so you can monitor cash flow, profit and loss, and business performance from anywhere.
How do you ensure reports are ready for external audits or banks?
Reports are prepared with clear documentation and traceable transaction data.
Related Industries
- Cooking Oil Processing Accounting KBLI 10410CPO refinery bookkeeping: CPO inventory, process costing, hedging. Cooking oil accounting by Arunika.
- Fishery Processing Tax KBLI 10200Fishery processing tax Indonesia: MSME final tax at 0.5% vs standard 22% corporate tax, fishery VAT classification, export Article 22, and cold chain input VAT.
Tell us about your business
Send your line of business, rough annual turnover, and what is going wrong. We reply on WhatsApp.
Chat on WhatsApp- +62 851 1730 8880
- info@arunikaconsultant.com
- Sidoarjo, Jawa Timur