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859 Freight Invoice Transportation FB Functional Group ID Introduction: This Draft Standard for Trial Use contains the format and establishes the data contents of the Freight Invoice Transaction Set
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What is 859 freight invoice transportation?
859 freight invoice transportation is a form used to report and document the transportation costs associated with freight invoices. It allows businesses to track and analyze their transportation expenses.
Who is required to file 859 freight invoice transportation?
Any business or individual involved in freight transportation and the generation of freight invoices is required to file 859 freight invoice transportation. This includes freight carriers, logistics providers, and shippers.
How to fill out 859 freight invoice transportation?
To fill out 859 freight invoice transportation, you need to provide details such as the date of the invoice, the shipper and consignee information, the description of the freight, the transportation charges, and any additional fees or surcharges. The form also requires information about the transportation mode, carrier, and any related reference numbers.
What is the purpose of 859 freight invoice transportation?
The purpose of 859 freight invoice transportation is to provide a standardized way to report and track transportation costs associated with freight invoices. It helps businesses in analyzing their transportation expenses, identifying cost-saving opportunities, and ensuring accurate billing and payment processes.
What information must be reported on 859 freight invoice transportation?
On 859 freight invoice transportation, you must report the invoice date, shipper and consignee information, description of the freight, transportation charges, additional fees or surcharges, transportation mode, carrier details, and any relevant reference numbers.
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