Finance & Accounting
The Finance department at the Northeast Resource Recovery Association (NRRA) works hard for you, our members, in many ways you might not be aware of!
An important part of our job is to look out for you, our members. We are constantly checking to make sure transactions and pricing are correct. In addition, we always keep our members’ best interests at the forefront.
What we do in the Finance Department for you, our Member:
- Record weights, and assure accuracy with quoted pricing;
- Compare the BOL and scale tickets to ensure consistency;
- Work with vendors and members to correct discrepancies;
- Answer questions regarding Invoices and checks that you receive;
Did you know..........
NRRA's payment and invoicing schedule happens every two weeks
NRRA's fiscal year is from October 1st to September 30th
We here at the NRRA are always looking for ways to Reduce, Reuse, Recycle, and Recreate. One way you can help us reduce is by having your invoices sent electronically. It's easy to sign up.
We offer both check and direct deposit payments. You can request to have your checks via ACH or have payments made by Direct Deposit by clicking here:
Why is your completed Bill of Lading so important?
Here in the finance department is where all of your BOL's go. We attach them electronically to your order. When we enter the weight of your load, we compare that to your completed BOL and make sure that what you sent, the weight, and counts are all consistent. You can email your completed BOL to email@example.com or fax to 603-7 36-4402
What is a fuel surcharge?
A fuel surcharge is an extra fee that many vendors that haul commodities charge to cover the fluctuating cost of fuel. It's usually calculated as a percentage of a base rate and is usually added to the hauling charge.
I saw a comment on my invoice that said chargeback. What is that?
A chargeback or dead weight deduction is a charge for a load that goes to a vendor that weighs less than what was quoted. Vendors will charge for the "dead" or empty space on the truck.
What is the difference between Net and Non-Net?
Take a look at an invoice and you will see there are charges and credits. A net town will have the charges and credits on one invoice or check. What are the advantages of being a net town? One load would be on one invoice or check. Disadvantages: Charges may be more than the credits, so you may still be invoiced, and might not be as easy to budget. A non-net town is where the charges are invoiced separately from the credits. Advantages: It's easier to keep track of your budget. Disadvantages: Loads would be separated.
Here is an example: You scheduled a load of OCC. The vendor comes to pick up the load and charges $112 for the haul. The revenue from the OCC is $200. A net town would receive a check in the amount of $88. A non-net town would receive a check for $200 and would receive an invoice for $112 for the haul.
Does NRRA send out monthly statements?
We do not send out monthly statements and here is why. We have a pretty strict schedule of invoicing. We do a member invoice run every two weeks. We adhere to the same schedule for checks. Our goal is that once we get the information we need, you can expect to be invoiced or paid relatively quickly.
As always, if you have any questions or concerns please call us at the office: 603-736-4401 and ask for someone in the finance department. We are also available through email: firstname.lastname@example.org
Who do I contact?
Paula Dow: Glass invoice and weight questions. She is available Monday through Friday 8am to 4pm.
Liz Duncan: Most Fibers, Metals, Batteries, Invoices, payments and other related accounting questions. She is available Monday through Friday 8am to 4pm.
Marilyn Weir: Electronics, Propane Tanks, Refrigerant Recovery, Tires, C&D, Plastics, and Account Receivables. She is available Wednesdays and Thursdays, 8am to 4pm.