If you have been in the travel business for a while. You have no doubt noticed the boom in the travel industry in recent years. With more and more people booking air ticket, hotels and car services, etc.  You have a lot to track and at the same time be in the top notch with your finance.

Accounting software, specifically QuickBooks,  provides a comprehensive toolset that enables travel agent to set-up airline ticket prices to the market, record all travel tickets via sales receipt and invoice windows, track account payables and receivables balances and payment transactions and reconcile their bank statement balances.

Do you know you can easily run real-time transaction reporting on a daily, weekly, monthly and annual basis, and that the system  can generate profit or loss statement, statement of cash flow and financial position

QuickBooks accounting software tracks all revenue channels like local or travel ticket sales, hotel booking services, car hire or tour packages

All remittance to IATA for ticket issued and payment for annual subscriptions are accurately tracked as cost of sales or your profit will be reported wrongly

The system generates automated invoice on services rendered to a client and track progress payment as well as generate account statement on demand

It also tracks all expenses incurred for a specified period

If you pay with credit card, the system tracks all card payment and charges with exchange rate applied

The system also tracks all banking transactions and reconciles any differences that occur at the end of the month

Since you don’t pay VAT on travel tickets, confirm that the software can also track on additional services like car hire services, hotel books etc.

If you need further clarification on how we can set-up QuickBooks for your airline ticketing business, speak with our consultant on  09092942048, 08175420054 or SEND us your request: info@magnetgroupng.com

Categories: QuickBooks