Freight Bill Auditing
Definition

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What is Freight Bill Auditing?

Generally, freight bill auditing is a business process aimed at examining, adjusting, and verifying invoices for accuracy. In recent past years, the cost of freight and other accessorial charges has become very unstable due to the fluctuating fuel prices, available carriers, weather, and road conditions.

It is, therefore, possible to receive an invoice whose paperwork does not align with the original quotation on the Bill of Lading. In such a case, proper freight bill auditing eliminates human error and discrepancies, saving you the extra cost.

Benefits of Freight Bill Auditing

According to research, approximately 30n percent of cargo transportation invoices are erratic. As such, many companies seek freight bill auditing services to track, correct, and verify their freight shipment fees.

Freight editing also guarantees that your company's goods are timely and efficiently shipped at affordable rates. It also ensures that the payments your organization makes are accurate, legitimate, and fair to all participants. At Heavy Equipment Transport, we work with an incredible team of audits which helps us maintain precision, efficiency, and affordability when serving our clients.

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Auditing Benefits

Freight bill auditing enhances a company's honesty and transparency. This goes a long way in creating and maintaining strong business partnerships with your clients. With a great customer base, you are assured of excellent reviews, recommendations, and a ton of repeat clients.

Freight auditing is also an incredible way of evaluating your business performance, identifying areas that need improvement, and working on them. This also includes various methods of enhancing customer services, devising new ways of reducing transportation costs.

Common Mistakes Found During Freight Bill Auditing

Freight bill auditing can either be done during freight shipping or invoice level. Here are some of the most common mistakes found:

  • Clerical mistakes
  • Inconsistencies in rates quoted
  • Irregularities in the rates billed
  • Improper freight classifications
  • Accessorial charges which cannot be accounted for
  • Double or duplicate payments
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