/PROG_HDR/

Program Description:

This program is used to post ticketing information to the General Ledger.

WARNING: This program requires exclusive use of the Ticketing files. This means that no one can access the booking or ticketing systems while this program is running.

Program Explanation:

There are 3 classes of G/L postings:

1. Ticket Issued G/L posting

On the date the ticket is issued, the prepaid ticket amount is set up to be expensed on the tour departure date. A Payable must also be set up to be reversed on the day the ARC payment is done.

5-Jan-90 Prepaid Tickets 1000.00

Accounts Payable - ARC 1000.00

Adjustments after posting:

10-Jan-90 Accounts Payable - ARC 12.52

Prepaid Tickets 12.52

Tickets Cancelled (no more updates required after ARC):

14-Jan-90 Accounts Payable - ARC 900.00

Prepaid Tickets 900.00

When the ARC authorization is entered into A/P, the distribution should go to the ARC Accounts Payable account:

8-Jan-90 Accounts Payable - ARC 1000.00

Cash 1000.00

2. Tour departure update

On the date the tour departs, the income and expenses are recognized for a tour. The actual cost of the tickets issued are posted.

12-Dec-89 Cost of Air - FITs 950.00

Overrides Receivable 50.00

Prepaid Tickets 1000.00

3. Overrides received update

On the date the override is received from the carrier, the difference between the override and the estimated receivable is recognized as a gain or a loss.

12-Mar-90 Cash 47.00

Gain/Loss on Override 3.00

Overrides Receivable 50.00

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Program Operation:

Enter the date of the last transaction to process. The posting process will run automatically. This date should be the last transaction date to post (which should be that last date of the financial statements to post).