How to Record Terminal Handling Charges
Accounting for terminal handling charges (THC) incurred at the port of origin or destination for cargo processing.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Terminal Handling Expense | Expense | 1,500.00 | - |
| Accounts Payable | Liability | - | 1,500.00 |
💡 Accountant's Note
Terminal handling charges represent the costs charged by port terminals for the movement of containers and are recorded as operating expenses.
Practitioner & Systems Framework
💻 ERP Architecture
Automate through the terminal operating system (TOS) integration with the ERP finance module.
⚠️ Audit Flags
Mismatch between terminal invoices and the agreed port tariff rates.
📄 Required Documentation
Terminal invoice, equipment interchange receipt, and voyage manifest.
Automate this entry with the JEH Accounting Suite
Stop doing manual entry. Our VBA-powered ERP automatically generates your ledgers, Trial Balance, and Financial Statements.
No Subscriptions. Own your data.
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.
Related Journal Entries
Discussion & Community Questions
Loading comments...