Provider directory
Accounting and bookkeeping for logistics companies
Logistics companies combine fleet costs, fuel, tolls, warehouse overheads and third-party carrier charges, often billed per shipment and in several currencies. Bookkeeping has to match customer billing to the costs incurred on each job or route, or margins disappear into overheads. A provider with logistics experience will handle disbursements paid on behalf of customers, vehicle depreciation and the volume of small cost items that a generic bookkeeper tends to lump together.
In short: Logistics companies usually need matching of customer invoices to carrier, freight and handling costs per shipment or contract and separate treatment of disbursements and duties paid on behalf of customers from a accounting and bookkeeping provider. Check the questions below before you choose, or describe your need and get one to five free introductions.
What logistics companies need from accounting and bookkeeping
- Matching of customer invoices to carrier, freight and handling costs per shipment or contract
- Separate treatment of disbursements and duties paid on behalf of customers
- Fleet and equipment registers with depreciation, financing and maintenance costs
- Multi-currency handling for overseas agents, carriers and customers
- Fuel, toll and parking cost capture from cards and driver claims
- Customer and route profitability reporting
Questions to ask a provider
- How do you handle disbursements so they do not inflate our revenue and costs?
- Can you report margin by customer, contract or route?
- How do you reconcile agent statements in foreign currencies?
- What is your process for capturing driver expense claims and receipts?
Pitfalls to avoid
- Booking pass-through disbursements as revenue inflates turnover and can distort GST and audit thresholds
- Unreconciled agent and carrier statements build up quickly and hide disputed charges
- Fleet assets without a maintained register lead to wrong depreciation and missed disposals
More on accounting and bookkeeping
Our guide to finding a accounting and bookkeeping provider in Singapore covers typical costs, rules and how matching works.
Accounting and bookkeeping providers in Singapore
Sleek
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Osome
Osome is an AI-enabled fintech company supporting over 40,000 global startups and SMEs. Operating in Singapore, Hong Kong, the United Kingdom, and the United Arab Emirates, we help…
세원회계법인 - Seone Business Solutions Pte. Ltd.
SEONE is a premier Korean accounting firm in assurance, accounting and tax, and advisory services. The insights and quality services we deliver help build trust in the capital…
Margin Wheeler | Company Incorporation Singapore
Margin Wheeler is a leading corporate service provider in Singapore with decades of experience, having successfully incorporated thousands of companies across diverse industries…
VentureHaven Pte Ltd
At VentureHaven, we believe every business has the potential to be a great force for good, and a sustainable change-maker. That's why we support businesses to do what they do best…
Fastcorp Pte Ltd
At Fastcorp, we don't just help you incorporate your company. We help fast-track your growth. Our team consists of experienced professionals with years of legal, accounting and tax…
Accounting and bookkeeping for other industries
- F&B businesses
- retailers
- e-commerce businesses
- construction companies
- manufacturers
- clinics and healthcare practices
- education and tuition centres
- real estate agencies
- law firms
- accounting firms
- consultancies and professional services firms
- tech startups
- beauty and wellness businesses
- hotels and hospitality businesses
Other services for logistics companies
Frequently asked questions
How do you handle disbursements so they do not inflate our revenue and costs?
Ask each provider this directly and compare the answers in writing. Booking pass-through disbursements as revenue inflates turnover and can distort GST and audit thresholds
Can you report margin by customer, contract or route?
Ask each provider this directly and compare the answers in writing. Booking pass-through disbursements as revenue inflates turnover and can distort GST and audit thresholds
Can FYAdvisers introduce accounting and bookkeeping providers that work with logistics companies?
Yes. Describe your business and what you need, and a concierge confirms your requirements, then introduces one to five providers that fit. It is free for businesses.
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