What is a Bill of Lading and Why is it Important to Accounts Receivable

If you’re in the transportation and logistics industry, you’ll be pretty familiar with the Bill of Lading. A bill of lading is a contractual agreement with a company and their client. All of the terms of the business are laid out in the bill of lading, from what items are being shipped, to how much it will cost and when it needs to be paid. This means that the bill of lading is much more important than a receipt, as many people consider in the transportation industry.
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