Financial Control and Accounting for Freight Forwarders
OAS Freight is purpose-built freight forwarding software, and its financial tools are designed to function within the operational workflow of forwarding organizations. Financial activity is closely integrated with shipment workflow, allowing organizations to manage charges, costs, and profitability as part of their normal day-to-day workflow.
The system is designed to work alongside external accounting software, providing flexibility in how financial responsibilities are structured across departments.
Accounts Receivable
Customer invoices and credit memos are generated as part of shipment workflow, allowing operational users to manage billing activity within the context of the work they are already performing. Multiple invoices may be associated with a single shipment where required.
Customer receipts can be applied to invoices and tracked centrally, including the handling of overpayments and credit balances.
Accounts Payable and Cost Management
Estimated costs may be accrued during shipment processing and customer billing. Vendor invoices are entered through the accounts payable workflow, where actual costs replace prior estimates and are distributed appropriately across related charges.
Vendor payments can be recorded and applied to outstanding vouchers, supporting clear visibility into payables while keeping financial activity aligned with operational records.
Brokerage Accounting
Brokerage amounts may be estimated during shipment processing and later reconciled as actual brokerage receipts are received from carriers or customs authorities. OAS Freight highlights discrepancies between estimated and actual amounts, helping organizations identify and address variances.
Integration with External Accounting Systems
OAS Freight is designed to interface with a wide range of accounting platforms. Financial data can be transferred to external systems to support organizations that prefer to manage general accounting outside of the operational freight system.
Transferred information may include customers, vendors, invoices, receipts, and brokerage activity, allowing organizations to maintain continuity between operational and accounting environments.
This approach allows operational staff to manage freight activity within OAS Freight while maintaining financial reporting continuity in the organization’s primary accounting platform.
Financial Reporting
OAS Freight provides a broad set of financial reports designed to support both operational review and financial oversight. These reports help organizations understand billing activity, costs, commissions, and overall shipment profitability.
Additional Financial Features
OAS Freight includes additional tools that support financial accuracy and visibility, including multi-currency handling, discrepancy alerts, transaction history logs, rate tables, and operational charge and cost controls.
Request a Demonstration
OAS Freight is typically introduced through a short discussion or demonstration to understand operational and financial requirements and determine fit.