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BIDS AND AWARDS COMMITTEE SECURITY PLANT COMPLEXProject: One (1) Lot Engagement of Chartered Aircraft Services (Big Aircraft) for BSP Shipments of Official Cargoes to BSP Branches in Luzon and BSP

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How to fill out billing and settlement plan

01

Gather all necessary information such as client details, services provided, rates, and payment terms.

02

Create a detailed invoice or bill outlining the services rendered and the corresponding charges.

03

Enter all the billing information into the billing and settlement plan template.

04

Verify the accuracy of the billing information entered.

05

Submit the completed billing and settlement plan to the appropriate parties for approval and payment processing.

Who needs billing and settlement plan?

01

Businesses that provide services and products to clients and customers.

02

Freelancers and independent contractors who need to invoice clients for their work.

03

Any individual or organization that requires a structured system for billing and managing payments.

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What is billing and settlement plan?

Billing and Settlement Plan (BSP) is a system designed to facilitate and simplify the selling, reporting and remitting procedures of IATA accredited passenger sales agents, as well as improve financial control and cash flow for BSP airlines.

Who is required to file billing and settlement plan?

IATA accredited passenger sales agents are required to file billing and settlement plans.

How to fill out billing and settlement plan?

Billing and settlement plans can be filled out online through the IATA BSP link provided to agents.

What is the purpose of billing and settlement plan?

The purpose of billing and settlement plan is to streamline the financial transactions and reporting between passenger sales agents and airlines.

What information must be reported on billing and settlement plan?

Information such as ticket sales, refunds, voids, commission earned, and remittances must be reported on billing and settlement plan.

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