Billing Exception Report
A billing exception report in CargoWise is a vital financial tool that detects and flags anomalies between planned billing amounts and actual invoiced charges. It reveals discrepancies such as missing charges, inaccurate rates, duplicate invoicing, or differences between supplier costs and consumer charges. This report enables logistics and finance teams to identify anomalies early in the billing cycle, allowing for corrective measures before final invoicing is submitted to clients or recorded in financial records.
The Billing Exception Report is especially useful for freight forwarders, customs brokers, and logistics companies that handle large numbers of transactions across numerous shipments and service providers. In CargoWise, this report is generated using user-defined parameters and interfaces with other modules such as Accounts Receivable, Accounts Payable, and Job Costing. By automating the discovery of inconsistencies, it considerably minimizes manual inspections, increases billing accuracy, and improves financial compliance. Finally, this application promotes transparency in invoicing and faster resolution of billing issues, resulting in improved cash flow and customer satisfaction.
