Welcome to another detailed conversation on international trade, brought to you by the Simply Trade podcast. In this insightful episode, our hosts, Andy and Lalo, join forces with an industry expert, George Tuttle, to unlock the world of reconciliation programs. Whether you're an executive looking to broaden your knowledge or a professional maneuvering the tides of trade compliance, this episode promises a wealth of understanding.
A prominent section of the discussion is steered towards the concept of reconciliation programs. George, with his extensive experience and knowledge, breaks down the essential elements of both monetary and non-monetary reconciliation, helping listeners to comprehend the program's systemic structure and importance.
George provides a comprehensive approach on how to best navigate the customs and trade compliance landscape. He distills the plethora of complexities around reconciliation programs into actionable steps, indicating the pathway to successful implementation:
Begin with a small focus instead of trying to tackle the entire process at once.
Use the internet as a valuable resource center. Look up customs entry reconciliation and indulge in the material available, including George's material and insightful PowerPoints.
Delve into webinars and seminars offered by trade organizations. They can immensely enhance your comprehension of reconciliation programs.
Familiarize yourself with customs valuation and consider reaching out to industry professionals (like George) for further guidance and advice.
During the initial steps, try working side-by-side with an experienced expert who can walk you through your first implementation effort. This can be instrumental when dealing with the ACE portal and figuring out how to download your line item data entry.
He candidly speaks about the challenges you may encounter, such as unintended past errors or discovering new issues like tariff classification errors or trade valuation adjustments. What's crucial is to manage these issues as they arise and not to be overwhelmed.
In this engaging episode, George Tuttle shares practical insights, making complex trade compliance concepts easily digestible. A must-listen for anyone keen on acquiring a deep understanding of reconciliation programs in international trade.
Embark on this enlightening journey with us by listening to the full episode. Don't forget to subscribe to the Simply Trade podcast to continue gaining insights into the dynamic world of international trade. Your reviews and feedback go a long way in helping us curate rich content for you.
Enjoy the show!
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/
Show references:
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