If you are running a travel agency or a tour operator, there are many business opportunities waiting for you. But before you venture into the unknown waters of travel agency business, it is essential to have all your papers in order. If you want to avoid facing any embarrassment at the time of auditing, then choosing best accounting software for travel business is all that matters.
Traveling is a special passion for millions of people in this world. As a travel agency owner you are likely to find in your daily life so many tasks related to taking care of your clients: calculating their travel expenses, making them receipts and chasing the money they owe you. Fortunately, the times when you had to add up all the expenses on paper, making receipts by yourself or calling different banks in order to chase debts are gone now. Let us see some of the best travel agency accounting software available today.
Online Invoices Software
Online Invoices Software provides you with lots of benefits that can be very essential and pretty useful to your business needs, since it can provide you with many advanced features and tools to manage your travel agency, assists you to create invoices for tour packages and programs such as (internal & external tours), arrange meeting appointments with tourists, store your essential documents in a safe place, notify tourists about the latest updates/offers related to your business, follow up with tourist requests related to their flights and hotel accommodations, make professional accurate travel arrangements.
Create Invoices and email it to your tourists allowing them to be able to make the payments online
- Invoice your tourists/partner agencies and send them the invoices through mail, PDF or print them.
- Receive your online payments by Credit Card, PayPal, Stripe or Bank Transfer (Cash).
- Get notified about your invoices statuses whether if they were (Unpaid – Partially Paid).
- Design your own invoice layout template including your travel agency’s business details and logo to be in a perfect shape and professionally designed
Create a profile to each tourist/partner agencies including all their transaction details.
- Upload all the files, documents and notes of each tourist on a special file dedicated to him disclosing all the previously provided services and also the dates of his payments history.
- Register and store in your archive all the documents disclosing the terms, conditions and the agreements applied with your partner agencies for future references.
- Organize and run continuous follow up operations to ensure how deep your tourists are completely satisfied with your service levels being provided to them.
- Specify and arrange the dates of the appointments and voyages in between your own employees and the tourists you are dealing with.
- Email your tourists notifying them about the your latest updates and exquisite promotions through using our remarkable email templates feature.
Manage your travel agency’s accounting and calculate your profits & loss
- Observe the most required offers/services which can be (Recommended Hotels- most interesting historical sites) requested by your tourists usually on continuous basis to make the biggest profits out of it.
- Add your expenses (such as Transportation expenses – Crew Salaries), You can also monitor your income, expenses and calculate the net income of each interval through reviewing the profit and loss reports.
iTours
iTours is the smart travel accounting software that offers online access to complete finances in the business while you are traveling anywhere and anytime. It is the pioneering web-based accounting software for tour operators and travel agencies which provide all the functionalities that you need to manage the billing, invoicing, accounting, finance in a hassle-free manner. Be a pro in managing and expanding your business with the handy accounting management software. So no more delays in invoicing or payments! Do it on-the-go with this easy-to-use mobile compatible accounting software that tour operators can take advantage of. Receive payments from your customers, franchisees, and agents. You can also pay your vendors, staff and other day-to-day payments from a single login to the dashboard. Now tour operators only need to focus on their business, iTours ultimate tour accounting software will do the rest where integrity and accuracy matters!
This advanced accounting software for tour and travel business is capable enough to meet all the financial needs of your business. Accounting and finance are the crucial departments of each company. iTours travel accounting software creates the effortless way of finance and accounting management for all travel agencies. The key features provided by this amazing software are add multiple bank accounts, manage cheque related information, add tax %, add groups in group master, add ledger in ledger master and so on. iTours accounting software delivers the promise of quality service and quality accounting for your tour and travel business to handle your finance with ease.Key features of Finance And Accounting module:
- Add multiple company bank accounts
- Get Cheque clearance & outstanding feature
- Pre-requisite ledgers (160 plus) & groups
- GST Compliance
- Add tax% that will be reflected at the time of sales and purchase entries
- Sales & Purchase entries auto reflect in accounting
- Auto generated payment receipt & invoice in PDF form
- Branch wise accounting
- Financial year
- Multiple Invoice formats
- Bank Vouchers
- Opening Balances for Customers, Suppliers & Banks
- More than 40 accounting reports
FreshBooks
Make billing painless with FreshBooks’ simple and intuitive cloud-based software that lets travel agencies send invoices and accept payments online quickly and easily.
Bookkeeping Software Built for Your Travel Agency Business
Discover bookkeeping software that’s ridiculously easy to use. FreshBooks makes it simple for travel agents to create professional invoices in a flash. Email them to clients and securely process credit card payments.
Your data is securely stored in the cloud so you can send invoices and do your bookkeeping anywhere, from any device. Add team members, too.
Travel agencies will also love FreshBooks’ simple expense tracking features. Simply connect your bank account and credit card and your expenses are imported and categorized automatically. Monitor your spending with our easy-to-understand dashboard and make tax time less of a headache.
Discover how easy it is to do your bookkeeping with software that’s designed for travel agencies, not accountants.
Save Time
Store client data and create invoices in a flash. Plus, automate time-consuming tasks by turning on payment reminders, automatically importing expenses and setting up recurring billing.
Look Professional
Customize your invoices easily by adding payment terms, a logo or header and a personalized “thank you” message. Wow your clients with professional, crystal-clear invoices that show off your brand.
Get Paid Faster
Get paid 2x faster with invoicing software that lets you send invoices and accept payments online. Set it and forget it with recurring invoices or billing schedules that automatically charge client credit cards.
Invoicing Software and Time and Expense Tracking for Travel Agencies
FreshBooks makes invoicing painless for travel agencies. Easy-to-use features let you request retainers, commissions or annual fees, add discounts, set up payment schedules and even automate late payment reminders and fees. It supports multiple currencies and languages, as well. See all of your paid and outstanding invoices at a glance to monitor income and know who owes you what.
Email invoices to customers for free and accept payments online. Or print them off and mail them to customers who love snail mail. Either way, FreshBooks has beautiful templates that will make your billing shine.
FreshBooks also makes time tracking a cinch. Use our timer to accurately record time spent per client, then create invoices from your time log. You’ll never be scrambling again to remember how many hours you worked for what client. Then add team members so you can see overall billable hours per client.
Monitor your business expenses, too. Connect your bank account and credit card and watch as your expenses are automatically imported and categorized. Stay on budget and know exactly how much you’re spending with easy-to-understand reports. It makes doing your taxes a snap, too.
Accounting App for Travel Agencies That Offers Secure Online Payments
Manage your travel agency’s accounting on the go with the FreshBooks app. Send professional invoices from the road and check the status of payments. Track your billable hours with the app’s timer and import them into your invoices. You can even get notified of client comments and feedback and respond to them directly via the app.
And since mobile updates are automatically synced with all your devices and desktops, you can work with the latest information even if you’re out of the office.
Expense tracking is also a snap with the FreshBooks app. Take photos of your receipts and add important details. FreshBooks will automatically add the expense to your account.
FreshBooks supports secure online credit card payments, too. Charge for a new booking and send invoices via the app to the client’s email. The client can then securely pay their bill with a couple of clicks. The FreshBooks app will notify you as soon as the invoice is paid.
Choosing an Accounting Software for Your Travel Agency
Travel agencies want an accounting solution that’s simple and intuitive. They prefer platforms that allow for multiple users, let them track billable hours and offers superior customer support.
The software should be affordable, too and keep pace with them as their company grows. And invoicing should accommodate the travel industry’s different fee models. And whether you’re charging for a tour or resort package, invoicing should always be easy.
Take Your Travel Agency to the Next Level
FreshBooks is designed for small businesses like travel agencies. Its fun and friendly interface will have you sending professional invoices and estimates, managing expenses and accepting credit card payments quickly and easily. It offers unlimited award-winning email and phone support, too.
Its invoicing software is flexible, as well. Request commissions, retainers and annual fees, set up automatic billing schedules or import time logs by client.
Plus, FreshBooks integrates with over 70 apps in every category from customer support to sales to online payments.
Another bonus: FreshBooks is affordable.
Get a 30-day free trial and budget-friendly plans that start at $15 per month.
Conclusion:
Travel business can be extremely profitable, but it is not that simple when you need to handle quick transactions and work with multiple currencies. That’s why we need the best accounting software for travel business! Travel business is always on the move! It’s hardly static and you need to keep things up to date if you are going to be competitive in the market. One of the important aspects of this is having an accounting system that’s up-to-date with the most advanced information management systems.