How to Record Bill of Lading Endorsement Fee
Recording the fee paid to a bank for endorsing a Bill of Lading to facilitate the release of goods under a trade facility.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Trade Finance Fees | Debit | 75.00 | - |
| Cash at Bank | Credit | - | 75.00 |
💡 Accountant's Note
Banks charge a fee for endorsing shipping documents when they act as an intermediary in the transfer of title for goods.
Practitioner & Systems Framework
💻 ERP Architecture
Attach the fee to the specific Purchase Order or Inventory batch cost if capitalized.
⚠️ Audit Flags
Endorsement fees without corresponding import documentation.
📄 Required Documentation
Endorsed Bill of Lading copy and bank debit advice.
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Discussion & Community Questions
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