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A reclass or reclassification, in accounting, is a journal entry transferring an amount from one general ledger account to another. This can be done to correct a mistake; to record that long-term assets or liabilities have become current; or to record that an asset is now being used for a different purpose (e.g. lands becoming investment property intended for resale, rather than as property ...
The provider of a freight audit can also provide automated cost allocation, reduction of invoices and comprehensive reports for the customer to make intelligent business decisions such as consolidation of shipments to a certain forwarder and landed costing of each product group. These reports are critical to a product costing and planning ...