How to Use Agency Credit Card in Trams Back Office

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Pros and Cons: Scenario Two (same as Scenario One except #4)Pros: 1. The invoice is “open” and appears on the Client Balance Report2. The amount due to the vendor is “open” and appears on the Vendor Balance report.3. The Back office has control of the Client Receivables and Vendor Payables.4. Since the Net amount is paid to the vendor, you do not need two bookingsCons: Without the proper accounting procedures in place (see pages 9/10) the TBO user could make a payment to aVendor on the Vendor Balance report, not knowing that it was already paid on the agency credit card which would resultin a duplicate payment.Airlines Reporting CorporationAgent Reporting AgreementSection 80Section VII: Agent’s Authority, General Rights and ObligationsK. In the absence of specific permission of the carrier, the Agentshall not use any credit card which is issued in the name ofthe Agent, or in the name of any of the Agent’s personnel, orin the name of any third party, for the purchase of airtransportation for sale or resale to other persons, nor reportto the carrier or include in its sale report the sale of any airtransportation as a credit card transaction where at any timethe Agent bills, invoices, or receives payment in cash fromthe customer for such air transportation.NoteIt is recommended that strict accounting procedures be in place for use of the agency credit card forpayments to vendors on behalf of your clients. The agency is accepting a liability for the client.A payment should not be charged to the agency credit card unless the client payment has been received bythe agency.On the next page there is an example of a typical form created for agents to fill out when they use the agencycredit card. Using a form helps the Trams Back Office user reconcile the credit card statement each month.Page 8 of 25 11/12/2012
Agent Branch Week EndingLog for Customer Sales paid with Cash/Check with Vendor paymentCharged to Company Credit CardLast 4 DigitsOf CCUsedDateChargedVendorNameGrossAmt.ChrgdInvoiceNumberPassengerNamePassengerCheckNumber(or cash)FundsDepositedOn whatDate?CommentsPage 9 of 25 11/12/2012
Page 1 and 2: How to Use Agency Credit Card in Tr
Page 3 and 4: Choice:You can use either Supplier
Page 5 and 6: Step Five: Create a Journal Entry t
Page 7: Step Four: When you pay the credit
Page 11 and 12: Time Saving Tip: Use Pay Codes to h
Page 13 and 14: Option Two: A Negative Client Vouch
Page 15 and 16: Step Seven: When you enter the clie
Page 17 and 18: Section 2: Using an Agency Credit C
Page 19 and 20: Visual Steps:Step One: When the cha
Page 21 and 22: Section 3: Using the Agency Credit
Page 23 and 24: Section 4: Paying the Credit Card B
Page 25: To pay the $265.00, but account for

How to Use Agency Credit Card in Trams Back Office

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