Finance & Accounting

Double-entry accounting built for freight forwarding — with financial reports, decision-making dashboards, and full control over every dollar moving through your company.

Double-Entry Accounting

Every transaction is recorded with a debit and a credit — ensuring your books always balance. iQ Freight applies this principle automatically across all financial operations.

Debit

Records increases in assets and expenses. When you pay a supplier, buy fuel, or record port charges — the debit side captures where the money went.

  • Supplier payments
  • Operational expenses
  • Cash withdrawals
  • Asset purchases
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Always Balanced

Credit

Records increases in revenue and liabilities. When a customer pays an invoice or you issue a receipt — the credit side captures where the money came from.

  • Customer receipts
  • Invoice revenue
  • Bank deposits
  • Loan liabilities

How It Works in iQ Freight

1

Automatic Journal Entries

Every invoice, receipt, payment, and expense automatically generates the correct double-entry journal entries — no manual bookkeeping required.

2

Chart of Accounts

Pre-configured chart of accounts tailored for freight forwarding — covering revenue, COGS, operating expenses, assets, liabilities, and equity.

3

Multi-Currency Ledgers

Maintain separate ledgers per currency with automatic exchange rate tracking. See balances in local and foreign currencies side by side.

4

Trial Balance on Demand

Generate a trial balance at any moment to verify that total debits equal total credits — confirming your books are accurate before reporting.

Core Financial Reports

The essential reports that give you a complete picture of your company's financial health — generated automatically from your daily operations.

Balance Sheet

Assets, liabilities, and equity at a glance. Understand what your company owns, what it owes, and the net value at any point in time.

Assets Liabilities Equity

Cash Flow Statement

Track cash coming in and going out across operations, investments, and financing activities. Know your liquidity position at all times.

Operating Investing Financing

Trial Balance

Verify that all debits and credits are in balance. A quick health check on your accounting accuracy before generating any financial statement.

Debits Credits Verification

Reports That Drive Decisions

Beyond standard accounting — these operational and financial reports help owners and managers make smarter decisions every day.

Profit per Shipment

See revenue, costs, and net margin on every single operation — by customer, route, mode, or branch.

  • Revenue vs. cost breakdown
  • Margin percentage per job
  • Filter by customer or route
  • Identify loss-making shipments

Accounts Receivable Aging

Know exactly who owes you money and for how long. Prioritize collections and reduce overdue balances.

  • 30 / 60 / 90+ day buckets
  • Customer-level breakdown
  • Outstanding invoice details
  • Collection priority ranking

Accounts Payable Summary

Track what you owe to suppliers, agents, and shipping lines — with due dates and aging details.

  • Vendor-level balances
  • Payment due dates
  • Overdue obligations
  • Cash requirement planning

Customer Loan Balances

Monitor credit extended to customers — advances, outstanding loans, and repayment status in one view.

  • Active loan tracking
  • Credit limit monitoring
  • Repayment history
  • Overdue loan alerts

Revenue by Period

Compare revenue across months, quarters, or years. Spot trends, seasonal patterns, and growth opportunities.

  • Monthly / quarterly / yearly
  • By branch or department
  • Year-over-year comparison
  • Revenue trend analysis

Expense Analysis

Break down where money is going — by category, operation, or time period. Control costs before they become a problem.

  • Category-level breakdown
  • Operational vs. overhead
  • Cost trend tracking
  • Budget vs. actual comparison

One Dashboard, Full Visibility

Stop asking your accountant for numbers. See everything that matters at a glance — revenue, profit, cash position, receivables, payables, and customer balances — updated in real time as operations happen.

  • Real-time profit and revenue
  • Cash position across all accounts
  • Outstanding receivables and payables
  • Top customers by revenue and balance
  • Expense trends and alerts
Revenue $482K +12%
Net Profit $67K +8%
Receivables $124K Overdue: $18K
Payables $89K Due: 7 days

Take Control of Your Cash Flow

Get a clear view of profit, costs, and receivables across your company — with accounting that works the way freight companies need.