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freight invoice audit Freight invoice auditing
involves a detailed examination of freight bills
or invoices to ensure accuracy, adherence to
agreed-upon terms, and to identify any
discrepancies or errors. The process typically
involves cross-referencing the invoice with the
terms outlined in the transportation contract or
agreement. It ensures that the charges are
correctly calculated based on factors like
weight, distance, freight class, accessorial
fees, and any other applicable surcharges freight
post audit
.Key aspects of a freight invoice audit often
include
Rate Verification Confirming that the rates
applied align with the agreed-upon terms in the
contract. Accurate Billing Checking for
accuracy in the applied charges, ensuring they
match the services provided. Compliance Ensuring
compliance with regulatory requirements and any
specific industry standards. Duplicate Charges
Verifying that no duplicated charges exist for
the same service. Accessorial Charges Reviewing
additional fees for services like fuel
surcharges, additional stops, or
detention. Taxes and Duties Checking if taxes
and duties are accurately applied, as per the
regulations. Discrepancy Resolution Addressing
any discrepancies or errors found, often by
liaising with the carrier or shipper to resolve
them. The audit can be done manually or using
specialized software designed to streamline the
process by automatically comparing invoices with
the agreed-upon terms. It helps in ensuring that
the company is billed correctly for the services
rendered, thus controlling costs and maintaining
healthy vendor relationships.
Are you looking for specifics or advice on
conducting a freight invoice audit?