Freight Accrual: What It Is, How It Works, and Why Accuracy Matters
A freight accrual is an accounting entry that records the estimated cost of freight that has been shipped but has not yet been invoiced by the carrier. It appears on the balance sheet as a liability and is reversed when the actual invoice arrives. U.S. business logistics costs reached $2.58 trillion in 2024, representing 8.8% […]
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