Chart of accounts for forwarders
Forwarding margins are made on the difference between what carriers charge and what the client pays, so revenue and cost are tracked per job. HelloBooks uses projects or classes per shipment and a forwarding chart.
- Freight revenue: sea, air, road, and international versus domestic
- Carrier costs: shipping line, airline, trucking subcontractors
- Customs duty and port charges paid on behalf of clients (disbursements)
- Warehouse handling, documentation and clearance fees
- FX gains and losses on USD carrier payments