The 1099 Form is a Federally mandated form used for filing sources of income. In the VM PMS, the data needed to fulfill that requirement for Travel Agent commissions are readily available for set-up and tracking.
Path: Accounting > Travel Agents > 1099 Worksheet
1. This screen will default to a current list of Travel Agencies setup to have a 1099 until filtered:
- by IATA number.
- by Travel Agent Type: In House, Non Commissionable, Prepaid or Regular.
- by Company code: if setup.
- by entering the fiscal year.
2. Click Refresh.
3. Enter the Federal ID for each 1099. The Federal ID will be provided by the Travel Agency.
? Watch Video Reconciliation is the process of comparing transactions and activity to supporting documentation. Further, reconciliation involves resolving any discrepancies that may have been discovered. Path: Accounting > Travel Agents > Reconcile ...
? Watch Video There are two types of commission: the standard commission and the incentive commissions. Both can be setup in this section. Path: Accounting > Travel Agents > Set Up 1. The "Regular T/A Commission" is the commission that will be paid ...
? Watch Video Travel agents are valuable industry partners. They are usually paid a commission percentage based on the rate. Effective setup and usage of the Travel Agent fields in Visual Matrix will aid in prompt payment processing, effective ...
? Watch Video Path: Accounting > Travel Agents > Travel Agents > Account Detail The Account Detail tab will display any Commissions currently due to the Travel Agent in the system that has not yet been processed 1. Select by IATA # or Name 2. ...
? Watch Video Travel agents are valuable industry partners. They are usually paid a commission percentage based on the rate. Effective setup and usage of the Travel Agent fields in Visual Matrix will aid in prompt payment processing, effective ...