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RAM Minimum Value for Invoices
In the RAM Chapter A13, section 2.2.1 Minimum Value for Invoices, it states:
"invoices should not be issued for less than US$25, however multiple items of less than the minimum value each may be combined on a single invoice totalling US$25 or more, providing that they all have the same Charge Category"
Please can I check if there are any special rules for time restraints or bundling of charges to total >US$25?
Previously, our Accounts Receivable department understood that we cannot bill another carrier for Baggage Delivery where the charge was <US$25. Applying the new rule means we can store up a number of small delivery charges per carrier until we have an invoice totalling >US$25
Is our interpretation correct?
Thanks, Russell (BD) |
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Dear Russell,
Your interpretation is correct - you can bundle invoices or rejections of a smaller amount to be raised.
The current time limit for invoicing a prime billing remains unchanged with the implementation of SIS.
Best regards
From:
Posted: Monday, June 06, 2011 9:53 AM
Subject: RAM Minimum Value for Invoices
In the RAM Chapter A13, section 2.2.1 Minimum Value for Invoices, it states:
"invoices should not be issued for less than US$25, however multiple items of less than the minimum value each may be combined on a single invoice totalling US$25 or more, providing that they all have the same Charge Category"
Please can I check if there are any special rules for time restraints or bundling of charges to total >US$25?
Previously, our Accounts Receivable department understood that we cannot bill another carrier for Baggage Delivery where the charge was <US$25. Applying the new rule means we can store up a number of small delivery charges per carrier until we have an invoice totalling >US$25
Is our interpretation correct?
Thanks, Russell (BD) |
|
Ashley,
Does this $25 minimun apply to manual IS Web entries as well as XML invoice files?
From:
Posted: 6/7/2011 11:48 AM
Subject: RAM Minimum Value for Invoices
Dear Russell,
Your interpretation is correct - you can bundle invoices or rejections of a smaller amount to be raised.
The current time limit for invoicing a prime billing remains unchanged with the implementation of SIS.
Best regards
From:
Posted: Monday, June 06, 2011 9:53 AM
Subject: RAM Minimum Value for Invoices
In the RAM Chapter A13, section 2.2.1 Minimum Value for Invoices, it states:
"invoices should not be issued for less than US$25, however multiple items of less than the minimum value each may be combined on a single invoice totalling US$25 or more, providing that they all have the same Charge Category"
Please can I check if there are any special rules for time restraints or bundling of charges to total >US$25?
Previously, our Accounts Receivable department understood that we cannot bill another carrier for Baggage Delivery where the charge was <US$25. Applying the new rule means we can store up a number of small delivery charges per carrier until we have an invoice totalling >US$25
Is our interpretation correct?
Thanks, Russell (BD) |
|
Dear Cynthia, Yes – it applies to all methods of submitting invoices in SIS. Regards, Ashley From: Cynthia Seery
Posted At: December-05-12 2:17 PM
Posted To: SIS Forums - Rules, Policies, & Codes
Conversation: RAM Minimum Value for Invoices
Subject: RAM Minimum Value for Invoices Does this $25 minimun apply to manual IS Web entries as well as XML invoice files? From:
Posted: 6/7/2011 11:48 AM
Subject: RAM Minimum Value for Invoices
Your interpretation is correct - you can bundle invoices or rejections of a smaller amount to be raised.
The current time limit for invoicing a prime billing remains unchanged with the implementation of SIS.
From:
Posted: Monday, June 06, 2011 9:53 AM
Subject: RAM Minimum Value for Invoices In the RAM Chapter A13, section 2.2.1 Minimum Value for Invoices, it states: "invoices should not be issued for less than US$25, however multiple items of less than the minimum value each may be combined on a single invoice totalling US$25 or more, providing that they all have the same Charge Category" Please can I check if there are any special rules for time restraints or bundling of charges to total >US$25? Previously, our Accounts Receivable department understood that we cannot bill another carrier for Baggage Delivery where the charge was <US$25. Applying the new rule means we can store up a number of small delivery charges per carrier until we have an invoice totalling >US$25 Is our interpretation correct?
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