When you start an online travel technology company, you always need to be constantly checking your accounting reports from time to time for business needs and goals. We know that checking and handling different accounting issues is not easy and takes a long time. But you can erase this problem easily and instantly with the implementation of powerful, innovative, and fully customized travel accounting software for your business. In today’s world, the advancement of technology has revolutionized every corner of the travel industry; right from the smooth reservation process of multiple customers at the same time to the payment processes of individual customers. Analyzing the several needs and goals of the travel agencies and keeping in mind the issues of handling accounts and reports, ONtra ensures to design and develop accounting software that can help your business effectively gain profits with simple accounting procedures.
A travel accounting system must cover the following:
• Smooth tracking of Cash Management
This is one of the basic features that accounting software should include. As we know that while running a travel agency, there are constant and multiple transactions that staffs require to handle and it is not easy to keep track of your sales and your incoming payments daily. Therefore, with the help of software, you can keep track of reports easily on regular basis. It also will reduce errors and easily solve financial problems.
• Seamless integration with the General Ledger
Another important tool for a travel agency is the general ledger where you can easily keep track of your company’s current position and all the company’s assets. The accounting impact of the entire invoice entries is automatically updated with the seamless integration of the general ledger. Most travel agencies update their ledgers on a weekly or monthly basis in order to know their financial status.
• Easy tracking of income statements or any records
It is true that with travel accounting software, you can easily check past records of your business and also, keep track of income, profit, loss of the business, etc. With the removal of manual tracking and analysis of accounting reports, the workload of staff is lessened.
• Recognizing business revenue
An important accounting procedure for any travel company is revenue reorganization. It is vital as it enables you to know the financial records from a diverse range of locations and from different customers. Thus, analyzing these reports and providing complete service can gain more business profits.
Now, every travel agency’s business requirements are different and also, may require specific features in the travel accounting system in B2B, B2C, and B2E models. But the team of ONtra can help individual clients by creating high-performance accounting software with several accounting requirements like invoicing, credit, payment receipts, etc. It also helps you create many travel agencies under a single organization. Travel Accounting Software designed by the team can ensure to provide of complete accounting solutions to travel agencies of all sizes. Thus, ONtra makes your business accounting procedures easy and simple and eliminates your need to hire any accountants.