freight recovery charge

When you ask your sales force how often should this expense be billed to a customer The answer should. What is freight recovery.

Air And Sea Freight Market Update Q2

As a result they are commonly recovering 120 to 140 percent of their targeted freight costs.

. Weve listed 28 different freight fees and surcharges by who generally charges the fee what stage of the shipment it relates to a short description of what youre actually paying and tips relating to different surcharges. If youre just looking for a simple freight rate estimate just check out our free freight rate calculator. In many cases they are fully leveraging freight recovery modules within their ERP systems such as Epicor Infor NetSuite Tribute etc to implement an optimized freight architecture.

Under US GAAP if these charges are separately stated on the contract then they must be reported as revenue assuming payment is reasonably assured. Simple freight recovery is the percentage of freight that you recover when shipping your products to your customers it also includes non-stock inbound expedited special orders as well as direct shipments from vendors to customers. If your business is not a freight or shipping business which I suspect it isnt then what you are really talking about is shipping and handling costs.

The relevant guidance is in ASC 605-45-45-20. Historically at freight levels of two to five percent their surpluses would amount.

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