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Under billing

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Created by Shankar S on 2011-04-02 05:19:57 Back to Topics

Under billing

Hi
 

a. What process an airline should follow for the below scenario.

Document no ‘X’ outward billed with Gross as 100 and Tax as 60

But the airline realizes the values billed were not correct. It should have been Gross 80 and Taxes 90. Since Airline has under billed, it has obtained authority from the billed carrier to bill the difference. In this case should an airline raise a BM with the values as

Gross: M20 (-20)

Tax: P30 (+30)

Net: P10 (+10)

Or

Raise a Billing memo for Taxes i.e. P30 (+30) and another credit memo for Gross i.e. M20 (-20)

b. Can Gross element get reported with a negative sign.

Rgds

Shankar

Replied by Ashley H on 2011-05-04 12:13:25
Dear Shankar,
 
a. In this case you should raise just one BM with the values suggested (in the first case), as BMs can have negative amounts.

b. Yes, a Gross element can be reported with negative sign.

Best regards

From:
Posted: Monday, April 18, 2011 11:36 AM
Subject: Under billing

Hi
 

a. What process an airline should follow for the below scenario.

Document no ‘X’ outward billed with Gross as 100 and Tax as 60

But the airline realizes the values billed were not correct. It should have been Gross 80 and Taxes 90. Since Airline has under billed, it has obtained authority from the billed carrier to bill the difference. In this case should an airline raise a BM with the values as

Gross: M20 (-20)

Tax: P30 (+30)

Net: P10 (+10)

Or

Raise a Billing memo for Taxes i.e. P30 (+30) and another credit memo for Gross i.e. M20 (-20)

b. Can Gross element get reported with a negative sign.

Rgds

Shankar

 
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