billing charges
Russian translation: расходы, включаемые в счета
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| 06:05 Feb 27, 2017 |
| English to Russian translations [PRO] Marketing - Accounting / Consolidated financial st | |||||||
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|  Selected response from: Nadiia Shtenda Ukraine Local time: 16:08 | ||||||
Grading comment
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| 4 +2 | расходы, включаемые в счета (для оплаты клиентами) |
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| Freight charges to customer - Revenue? or net of expense? |
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Answers
1 hr confidence: 
peer agreement (net): +2
peer agreement (net): +2расходы, включаемые в счета (для оплаты клиентами) Explanation: billing charges attributed to shipping - относящиеся к транспортировке/перевозке расходы, которые включаются в счета для оплаты клиентами |
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1 hr |
| Reference: Freight charges to customer - Revenue? or net of expense? Reference information: John Cook (Independent Consultant at Consultant) | Jun 24, 2015 Under US GAAP, it depends upon whether your business is as a freight or shipping business. If it is, then ASC 605-20-25-13 provides the relevant guidance. There are four acceptable methods for freight companies to recognize this revenue and as such it is a policy election that must be disclosed. If your business is not a freight or shipping business (which I suspect it isn't) then what you are really talking about is shipping and handling costs. The relevant guidance is in ASC 605-45-45-20. Under US GAAP, if these charges are separately stated on the contract, then they must be reported as revenue (assuming payment is reasonably assured). Additionally, the associated cost needs to be recognized as shipping expense (no netting against revenue is allowed). This is the case even if the cost is a pass through cost from the shipper and the vendor isn't trying to recoup any internal overhead costs. The reason for this rule is that basically companies have the ability to offer "free shipping" and bake this cost into their top line anyway or charge for it separately. It's just a consistency play from a GAAP standard-setter perspective. https://www.proformative.com/questions/freight-charges-custo... |
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