Acacso Conference May 2018, San Antonio (TX)
This presentation provides a practical introduction to the fundamentals of railroad car hire accounting, using real-world examples to show how car hire is reported, validated, claimed, and reclaimed. It follows equipment through monthly car hire records and demonstrates how accounting personnel can identify missing hours, incorrect rates, and questionable reclaims.
The session walks through the research process when reported car hire does not match expected liability, including reviewing LCS movement records, identifying missing car hire hours, and determining when a claim should be generated. It also covers rate claims, response requirements, special agreements, and differences between loaded and empty car hire rates.
A significant portion of the presentation focuses on validating car hire reclaims, including Car Hire Rule 22. Examples illustrate the use of account codes 010, 222, and 224, how to verify reclaim timing and eligibility, and when a reclaim should be countered because the supporting conditions or agreements are not present.
car hire fundamentals, railroad car hire, car hire accounting, car hire liability, car hire claims, rate claims, Car Hire Rule 22, Rule 15, LCS, CHDX, CHLF, account code 010, account code 222, account code 224, car hire reclaims, special car hire agreements, railroad equipment accounting, interline settlements, Railinc