Travel Agent Commissions

A/R Section 

1. A/R Officer will submit to GL Section the outstanding travel agent commission for the month based on the travel agent commission report. 

2. A/R Officer must keep track of any payment made during the month by stamping “PAID” against the travel agent in the travel agent commission report.

3. For those commission not captured in the system but paid to the travel agent during the month, the information must also be recorded in order to determine the accuracy of the T/A Commission Report for future months.

4. A/R Officer will monitor the accuracy of this report verses the weekly report from the reservation Manager.

5. When raising cheque request, point 7 & 8 are to be noted.

GL Section 

6. Based on point 1, the commission for the month is accrued.

Dr  Comm – Travel Agents                     

Cr Accrual Travel Agent Commission    

The previous month provision is reversed out, when payment done

Dr Accrual Travel Agent Commission         

Cr Comm – Travel Agents

A/P Section

7. All Payment are charged directly to the expenses account:

Dr Comm – Travel Agents    

Cr Bank                      

8. The month relating to the commission paid should be indicated in the description of payment for reconciliation purposes

The above policy will be reviewed periodically and may be revised, amended or changed accordingly.