Income & Expense: Charges
In this Article
This article illustrates how Charges can be applied and added to an Invoice/Bill in Logiware.
Note
Shipment of goods incurs costs for various services. Users can create, manage, and share Invoices and Bills calculated based on the time and effort involved during import, export, transloading, warehousing, etc using the Logiware platform.
The master BL sub-section indicates how the charge is billed from the carrier, while the house BL indicates how the charge is billed from the NVOCC, if there is an NVOCC involved.
Functional Flow
Charges
To view and update the Charges section under any shipment, navigate to the Shipment and select Charges section.
The charges applied can be seen here. To manually add new charges, click on the dropdown icon and select Add Charge.
This selection will prompt a window as MANUAL CHARGE ENTRY FOR MBL. Fill-in appropriate details in the section to add the desired Charge.
Post filling in the relevant details in other sections, click on Save Charge.
Note: Only Flat charges are currently applied while adding the Charge manually.
Update this entry in the Invoice/ Bill which can be generated either manually or using Finalize, discussed in the Charges section.
E-Guarantee
E-Guarantee is a financial document that answers for the payment of some kind of debt in lieu of another entity that is primarily liable. Logiware allows an E-Guarantee to be created using portal.
Income & Expenses
While adding a charge, these sections provide a way to record the income and expense in Logiware. Charges applied on storage sent to the customers constitute an income while the money required to be spent on transport is submitted here as an expense.
For expense to be marked, the field Billed From will only be available for vendors.
Only the Parties with the Vendor Account Type are visible here.
