Finance and Funding in Travel & Tourism Sector

MANAGEMENT
ACCOUNTING
INFORMATION

INTRODUCTION
If you start a travel agency, you need to keep accurate
accounting records for your business. These records
help you keep track of your agency's performance and
are necessary for preparing your tax return. The most
important accounting procedures for a travel agency are
the cash flow statement, the general ledger and the
income statement.

Cash Flow Management
One of the most basic goals of your accounting procedures is to
keep track of your agency's cash flow. While running a travel
agency with multiple daily transactions, it can be easy to lose
track of your sales and your incoming payments.

General Ledger
One of the most basic goals of your accounting procedures is to
keep track of your agency's cash flow. While running a travel
agency with multiple daily transactions, it can be easy to lose
track of your sales and your incoming payments.