The Unsettled Reservation Payments Report is designed to help agencies ensure that their Supplier Balances in the General Ledger (GL) remain accurate and aligned with actual financial transactions. In the past, each invoice impacted the GL by recording sales, cost of sales, and corresponding balances for clients and suppliers. However, this approach led to challenges in yield calculations and revenue recognition, particularly when payments and commissions are recorded across different periods.
To address these issues, Tres implements a settlement-based approach—revenue and cost of sales are only recognized once both Client and Supplier Balances reach zero. This ensures that agencies do not prematurely recognize income before receiving payments, leading to cleaner financial records.
Similar to how a bank statement must align with the GL bank account, the Supplier Balance Report should match the Supplier Balances GL account. If discrepancies arise—whether due to manual journal entries or other adjustments—users must investigate each transaction to maintain balance and ensure accuracy.
This report displays all payments paid to or by the agency from unsettled reservations. Payments are grouped under their associated Reservation.