Outsourcing Solutions for Travel Agencies
Case study
Travel Outsourcing Solutions for Travel Agencies.
SkyBook Global is a professional Travel outsourcing and consulting company assisting Travel Companies by providing need-based tailor-made accounting and allied outsourcing solutions. SkyBook has setup their outsourcing centre in UL Cyberpark, Kozhikode which is one of the Best IT parks in Kerala,India.We are valued by our clients as the best Travel Outsourcing Partner. Our core areas of expertise for Travel Companies are:
- Book Keeping and Accounting
- Auditing
- Travel Operations & Consulting
- Customer Support
- Digital Marketing
- Web Development
Accounting Service for Travel Agencies
Skybook is enabling travel companies globally in performing monthly travel accounting, internal auditing, revenue auditing, fraud detection, financial restructuring for Travel agencies by outsourcing the travel accounting services.
Skybook has a perfectly crafted financial process for travel agencies and workflows customized to your Travel Business and combined with a perfectly crafted ERP system for travel agencies like TRAACS will help to unleash its full potential boosting your Travel agency performance.
By outsourcing Travel accounting services, our objective is to
- Support Travel Accounting Management and efficiency of the company.
- Enhance the accuracy of the company's reported financial results.
- Support Management in decision making with Monthly Financial and MIS Reports and management can focus on their core business areas.
Some of the Travel Accounting Services
- Supplier Balance Notification
- Unbilled travel services Reporting and follow up
- Invoice, Refund (Credit Note) , Void Check
- Cash Book Verification
- ACM/ADM Notifications and posting
- Review of Expense and Petty Cash
- IATA Reconciliation
- Refund verification and Tracking.
- Reconciliations of Client, Supplier, Bank, POS and Corporate Credit Card
- Month end Provisions/Accrual Entries
- Payroll preparation and checking.
- Asset Register monitoring
- Trial Balance review and corrections
- Financial Report (Profit & Loss Account, Balance Sheet, Cash Flow, Schedules to Financials, Accounts Receivables & Accounts Payables, Ageing Reports, Notes) Prepaid Schedule Monitoring
- Gratuity Schedule
- Post Dated Cheque Checks
- Month end and Year End Closing
- Schedule of provision for doubtful debts
- IATA correspondence and management of IATA customer portal
- Support Bank facility renewal practice and in preparation of financials for external parties.
- VAT Report preparation and VAT submission
- Support for New IATA registration for Travel companies.
Internal Auditing Services for Travel Agencies
SkyBook helps to do the internal auditing of the Travel agencies to evaluate company internal controls and accounting process . We access the financial records of the travel agency and provide a detailed report to the Travel agency owners or decision makers with our findings.
Below is accounting activity we do for travel agencies
- Review of Bank, Credit Card and Cheques reconciliation
- Review of Invoices, Refunds, Receipts & Payments
- Review of Accounts Receivables
- Review of Accounts Payables
- Review of Refund- Whether payments released are properly received from supplier/Airline
- Supplier Balance Verification and balance confirmation.
- Review of Salary, Rent and other general admin expenses
- Review of year end activities such as depreciation, staff gratuity, annual air travel, GDS income provisions, Airline Incentives, supplier incentives etc.
- Full review of Trial Balance and corrections if any
- Preparation of Financials (Profit & Loss Account, Balance Sheet, Cash Flow, Schedules to Financials, Ageing Report of Accounts Payable & Receivables, and submission of Audit Findings and recommendation to management.
To know more about Travel Accounting & Travel Auditing Service, schedule an appointment with our experts.
