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re: FOB Shipping Point question

Posted on 3/12/14 at 2:13 pm to
Posted by Black n Gold
Member since Feb 2009
15409 posts
Posted on 3/12/14 at 2:13 pm to
My company enters into only FOB Shipping agreements and records the revenue when the goods are loaded. Not sure how that plays into your scenario, but I always assumed it was no longer our responsibility once it was loaded.
Posted by Emiliooo
Member since Jun 2013
5148 posts
Posted on 3/12/14 at 5:52 pm to
quote:

My company enters into only FOB Shipping agreements and records the revenue when the goods are loaded. Not sure how that plays into your scenario, but I always assumed it was no longer our responsibility once it was loaded.

Agreed

Revenue is typically recorded when the goods are loaded onto the truck
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