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Miscelaneus: One invoice and multiple payments

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Created by Micaela J (TAP - Air Portugal) on 2011-04-05 10:31:58 Back to Topics

Miscelaneus: One invoice and multiple payments

Do you have any method/process able to handle partial payments made against a single invoice?
 
thanks
Replied by Ashley H on 2011-05-04 13:21:40
Dear Micaela,
 
As SIS does not keep track of Bilateral payments, this will not be handled in SIS.
 
Best regards

From:
Posted: Monday, April 18, 2011 11:34 AM
Subject: Miscelaneus: One invoice and multiple payments

Do you have any method/process able to handle partial payments made against a single invoice?
 
thanks
Replied by Micaela J (TAP - Air Portugal) on 2011-05-05 09:21:12
Thanks for your reply. Do you recogn we could use Charge Code Penalty for this purposes? Thanks
Replied by Ashley H on 2011-05-31 10:45:29
Dear Micaela,
 
The Charge Code Penalty is only to be used by the Clearing House - although I am not clear on what you mean with the purpose that you would like to use this for. Please can you clarify?
 
Thanks and regards

From:
Posted: Thursday, May 05, 2011 9:21 AM
Subject: Miscelaneus: One invoice and multiple payments

Thanks for your reply. Do you recogn we could use Charge Code Penalty for this purposes? Thanks
Replied by Micaela J (TAP - Air Portugal) on 2011-05-31 11:19:43
Well basically we have sometimes agreements with other companies, where they can pay in multiple times for one single invoice and I wonder how can we handle this types of payments. Thanks
Replied by Ashley H on 2011-05-31 16:42:13

Hi Micaela,

 

Generally, if you invoice someone for a completed service, but are prepared to accept payment in instalments, then you need to do this according to your reconciliation needs.

 

You can invoice for each instalment as it became due, using the appropriate Charge Category and Charge Code(s) for the service being invoiced. This gives you full reconciliation for each instalment as invoiced.

 

Alternatively, you would invoice for full settlement, but separately record the incoming payments against the receivable with aging of the balance in the normal manner. You would not be issuing any further invoices in this case, as you have already issued one for the full amount. You would just be checking your incoming remittances for items that would go towards your receivable.

 

Again, this is not something handled in SIS and needs to be managed in your financial system.

 

Hope this clarifies?
 
Best regards

From:
Posted: Tuesday, May 31, 2011 11:19 AM
Subject: Miscelaneus: One invoice and multiple payments

Well basically we have sometimes agreements with other companies, where they can pay in multiple times for one single invoice and I wonder how can we handle this types of payments. Thanks
 
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