The ARC/BSP Reconciliation Report is a critical tool used weekly to manage and settle transactions between airlines and travel agencies. Travel agencies report ticket sales and remit funds to ARC (or BSP for international markets), which then distributes payments and commissions to participating airlines.
This report enables agencies and airlines to:
- Reconcile sales transactions with issued tickets.
- Ensure financial accuracy.
- Identify and resolve discrepancies.
- Prevent fraud.
The ARC Reconciliation can be found by going to Reports on the main menu, then clicking on Management Reports.
How to Use the ARC/BSP Reconciliation Report
Enter the Reservation Booking Date Range (ARC/BSP period) and select the appropriate ARC number.
All ARC type transactions will be listed. The bottom of the report shows Net Remit amounts to compare to the amounts on the ARC website.
- Compare Data in Tres with ARC/BSP Report
Use the reconciliation process to match tickets recorded in Tres against the ARC/BSP report provided by ARC or IATA.- The report is organized by Ticket Number for easy reference.
- Review Sales Totals
Check the Net Cash Sales and Net Credit Sales totals.- If totals do not match, review individual tickets to identify discrepancies.
- Verify Key Financial Fields
Confirm that the following values per transaction in Tres match the ARC/BSP report:Total Fare
Commission
Net Remit
If any variances are found, update Tres to align with the ARC/BSP report.