Full featured operations' accounting functions automatically generate all of the required accounting transactions as a byproduct of operations’ business activity. Accruals are generated for transaction components that are settled later (e.g. estimated costs for vendor services), and then automatically reversed upon settlement. Multi-currency transactions are supported including managing currency gains/losses.
For example, consolidation accounting includes: all consolidation costs and commissions, agent profit share, house bill charges with allocation of cost and revenue based upon prepaid/collect, origin/destination and station/forwarder/coloader/agent issues, sales rep commissions, rebates where allowed, including all applicable A/R-A/P and Due-To /Due-Froms , G/L distributions allocating cost and revenues to the responsible stations/gateways.
A/R and A/P can be independent or “Protected” for shipper COD’s and agent relationships. Pre-shipment expenses can be assigned to on-hands or to customers.
CCA's, other adjustments/corrections, and late occuring charges are automatically rippled through all affected areas, generating adjustments to A/R and A/P and Due-To/Due-Froms with G/L distribution of affected revenue and costs.
Accounting has complete up-to-the minute information for all operations' activities. Accounting will be able to focus on analysis and interpretation of the results instead of data entry and corrections.
Benchmark Computer Solutions, Inc.
Time Saver Series Multi-Modal International Freight Forwarding System
Internet Track and Trace
Event Driven Messaging
Benchmark Computer Solutions
50 Belvedere Drive
Syosset, NY 11791