Setting Flight Contract Parameters - A summary of the activity

With respect to flight contract, for making the aircraft available during the contracted period, the aircraft operators engaged in contracted flight operations charge their customers a standing fee every month. Also, they charge their customers for the aircraft usage, fuel consumption and crew allocation. These commercial terms are typically entered in the contract and the invoice is served on the customers on a periodic basis based on the milestone as agreed. This activity enables in such Revenue Accounting needs to be handled for the various billing types for the contracted flight operations. Also helps to define the Account Code to which such revenue is to be posted based on the various attributes of the Flight Contract/ Flight Sheets/ Flight Billing Invoice Release.

Account Code to which the Charter / Services Revenue is to be posted can be defined in the ‘Create Flight Contract Account Definition” page. This section enables the user to set the parameters based on which the account rule definition to be done has to be decided

The parameter that can be set is one / combination of the following criteria:

·         Customer Account Group

·         Order Currency

·         Charter Type

·         Charter Category

·         Billing Head

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