Why does Voyage Charter Relet/TC In Vessels Broker Commissions Invoices not Show in Accounts Payable/Hire Payable?
Question
When Credit Owners is selected brokerage is deducted from Freight/Hire Payable enabling brokers to be paid at the same time as charterers. However, where does the corresponding invoice for the broker’s commission/s appear in Accounts Payable or Hire Payable modules?
Answer
The practice Dataloy follows is presuming that customers have an integrated solution with their accounting package that will pay the brokers without receiving an invoice (it always follows the freight/hire). Thus, Dataloy has opted not to show this credit separately in the Accounts Payable module as it will automatically be posted to the broker's account and paid.
Customers who do not have an accounting package should currently pay the broker and owner simultaneously to process both transactions.
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