SOP For Travel Agent Commissions
SOP Number: Finance and Accounting – 29
Department: Accounts Payable
Date Issued: 8-Aug-2021
Time to Train: 28 Minutes
Purpose of Travel Agent Commissions:
It is Tecton Hospitality's policy to correctly and accurately pay travel agents. The Rooms Department is responsible to review and pay the commissions.
Travel Agent Commissions SOP Procedures:
-
The checks are to be maintained in the accounting office in a locked cabinet and issued numerically.
-
A Log should be maintained listing the date, checks issued and signature of issuing person and Rooms Department.
-
The Rooms Department should review the Travel Agent Commission Report Daily to verify the accuracy of the commission.
-
These should only be for individual reservations, not group rooms.
-
The checks should be prepared on a weekly basis in accordance with the Travel Agent Commission Report from the PMS System.
-
A Check Register should be prepared and given to accounting on a weekly basis.
-
Payments may only be made to travel agents with IATA numbers.
Training Summary Questions:
Q1. Which department is responsible to review and pay the commissions to travel agent?
Q2. What should be given to accounting on a weekly basis?
Q3. What are the requirements for making payments to travel agents?