Revenue reconciliation

An urban passenger transport system may have multiple sources of revenue, ranging from on-vehicle sales through to quantified subsidy payments, and multiple beneficiaries of those revenues, ranging from the operators to the public authority. Clearly, robust procedures need to be put in place such that all revenues are accounted and reconciled before payment to the beneficiaries.

The reconciliation process may be manual or computerized in traditional fare collection systems, but can be automated through a clearing house in electronic systems. The latter clearly has advantages in terms of accuracy, security and speed.