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Question about signs on Miscellaneous Credit Notes

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Created by Peter W (British Airways) on 2010-10-07 08:21:25 Back to Topics

Question about signs on Miscellaneous Credit Notes

According the to ISPG, if we raise a miscellaneous credit note via the ISXML, then the values should be provided as a negative amount.
I'm having trouble getting my head round this. In our system, values are stored as positive, unless they are actually meant to be negative, and the 'total sign' of the credit note is implied as negative by the fact that it is a credit note.
 
If we have a credit note for a total value of say £100.00, that is made up of 3 line items £50, £75 and a deduction of £25
In our system the total value would be 100.00
then 3 line items of
50.00
75.00
-25.00
 
How would this come across in the XML file if the values are to be negative - would it be total -100.00, then 3 line items of
-50.00
-75.00
+25.00
Replied by Alex S on 2010-11-12 08:29:02
Thank you for your question. We are currently working on it and will get back to you soon.


From:
Posted: Thursday, October 07, 2010 8:21 AM
Subject: Question about signs on Miscellaneous Credit Notes

According the to ISPG, if we raise a miscellaneous credit note via the ISXML, then the values should be provided as a negative amount.
I'm having trouble getting my head round this. In our system, values are stored as positive, unless they are actually meant to be negative, and the 'total sign' of the credit note is implied as negative by the fact that it is a credit note.
 
If we have a credit note for a total value of say £100.00, that is made up of 3 line items £50, £75 and a deduction of £25
In our system the total value would be 100.00
then 3 line items of
50.00
75.00
-25.00
 
How would this come across in the XML file if the values are to be negative - would it be total -100.00, then 3 line items of
-50.00
-75.00
+25.00
Replied by Alex S on 2010-11-17 18:33:18
As per the current spec for IS-XML, the Credit Memo amounts should be reported as negative amounts. So as per the example if a credit of 100.00 needs to be given for 3 line items having a value of 50.00, 75.00 and -25.00 then in the IS-XML file this will be reported as -100.00 at the Invoice level and -50.00, -75.00 and +25.00 at the Line Item Level.


From:
Posted: Friday, November 12, 2010 8:29 AM
Subject: Question about signs on Miscellaneous Credit Notes

Thank you for your question. We are currently working on it and will get back to you soon.


From:
Posted: Thursday, October 07, 2010 8:21 AM
Subject: Question about signs on Miscellaneous Credit Notes

According the to ISPG, if we raise a miscellaneous credit note via the ISXML, then the values should be provided as a negative amount.
I'm having trouble getting my head round this. In our system, values are stored as positive, unless they are actually meant to be negative, and the 'total sign' of the credit note is implied as negative by the fact that it is a credit note.
 
If we have a credit note for a total value of say £100.00, that is made up of 3 line items £50, £75 and a deduction of £25
In our system the total value would be 100.00
then 3 line items of
50.00
75.00
-25.00
 
How would this come across in the XML file if the values are to be negative - would it be total -100.00, then 3 line items of
-50.00
-75.00
+25.00
Replied by Binbin D (Accounting Centre of Chin) on 2011-08-02 23:53:06
Hi, IATA,
 
Our understanding is in Credit Memo, even the line item amount shall be negative. Otherwise, that particular line item with positive value shall be put into an Invoice rather than a CM.
Furthermore, could you please provide us with an example in what business scenario that a positive valued line item has to be put in a Credit Memo in Misc?
 
Thanks
Duan Binbin (ACCA)

From:
Posted: Wednesday, November 17, 2010 6:33 PM
Subject: Question about signs on Miscellaneous Credit Notes

As per the current spec for IS-XML, the Credit Memo amounts should be reported as negative amounts. So as per the example if a credit of 100.00 needs to be given for 3 line items having a value of 50.00, 75.00 and -25.00 then in the IS-XML file this will be reported as -100.00 at the Invoice level and -50.00, -75.00 and +25.00 at the Line Item Level.


From:
Posted: Friday, November 12, 2010 8:29 AM
Subject: Question about signs on Miscellaneous Credit Notes

Thank you for your question. We are currently working on it and will get back to you soon.


From:
Posted: Thursday, October 07, 2010 8:21 AM
Subject: Question about signs on Miscellaneous Credit Notes

According the to ISPG, if we raise a miscellaneous credit note via the ISXML, then the values should be provided as a negative amount.
I'm having trouble getting my head round this. In our system, values are stored as positive, unless they are actually meant to be negative, and the 'total sign' of the credit note is implied as negative by the fact that it is a credit note.
 
If we have a credit note for a total value of say £100.00, that is made up of 3 line items £50, £75 and a deduction of £25
In our system the total value would be 100.00
then 3 line items of
50.00
75.00
-25.00
 
How would this come across in the XML file if the values are to be negative - would it be total -100.00, then 3 line items of
-50.00
-75.00
+25.00
Replied by Ashley H on 2011-08-04 14:38:39
Dear Binbin,
 
Your understanding is correct. However, in a Credit Memo, only the total amount needs to be negative. Therefore positive-amount Line Items are allowed.

An example of a positive line item would be when you have Add On Charges or Shipping Fees associated with the other Line Items in the credit memo.

Hope this helps.

Best regards


From: Accounting Centre of Chin
Posted: Tuesday, August 02, 2011 11:53 PM
Subject: Question about signs on Miscellaneous Credit Notes

Hi, IATA,
 
Our understanding is in Credit Memo, even the line item amount shall be negative. Otherwise, that particular line item with positive value shall be put into an Invoice rather than a CM.
Furthermore, could you please provide us with an example in what business scenario that a positive valued line item has to be put in a Credit Memo in Misc?
 
Thanks
Duan Binbin (ACCA)

From:
Posted: Wednesday, November 17, 2010 6:33 PM
Subject: Question about signs on Miscellaneous Credit Notes

As per the current spec for IS-XML, the Credit Memo amounts should be reported as negative amounts. So as per the example if a credit of 100.00 needs to be given for 3 line items having a value of 50.00, 75.00 and -25.00 then in the IS-XML file this will be reported as -100.00 at the Invoice level and -50.00, -75.00 and +25.00 at the Line Item Level.


From:
Posted: Friday, November 12, 2010 8:29 AM
Subject: Question about signs on Miscellaneous Credit Notes

Thank you for your question. We are currently working on it and will get back to you soon.


From:
Posted: Thursday, October 07, 2010 8:21 AM
Subject: Question about signs on Miscellaneous Credit Notes

According the to ISPG, if we raise a miscellaneous credit note via the ISXML, then the values should be provided as a negative amount.
I'm having trouble getting my head round this. In our system, values are stored as positive, unless they are actually meant to be negative, and the 'total sign' of the credit note is implied as negative by the fact that it is a credit note.
 
If we have a credit note for a total value of say £100.00, that is made up of 3 line items £50, £75 and a deduction of £25
In our system the total value would be 100.00
then 3 line items of
50.00
75.00
-25.00
 
How would this come across in the XML file if the values are to be negative - would it be total -100.00, then 3 line items of
-50.00
-75.00
+25.00
 
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