Tourplan’s accounting modules offer everything a standard accounting system has – Accounts Receivable, Accounts Payable, General Ledger, MIS, Management and Financial Reporting – but they also deliver a number of features designed specifically for the travel industry, and not found in other accounting systems including:

• ‘Travel based accounting’ – automatic matching of booking revenue and expenses by date of travel or tour departure date in the Profit and Loss statement
• Automated recognition and posting of future revenue and future expenses to the Balance Sheet
• Instant, real-time General Ledger reporting – for example sales invoices raised by tour consultants are instantly updated into the General Ledger accounts in the appropriate financial periods
• Detailed agent statements on-demand including aged account balances and per booking related information
• Outstanding expected costs valuation on-demand, with automatic cost accruals updating at any time
• Multi-currency capabilities built into all booking and accounting modules, with advanced foreign exchange management, on-demand revaluation of booking amounts, and automated forex gain/loss calculations per agent and supplier account.

Detailed on-demand sales and financial analysis

Tourplan provides essential sales and financial analysis that informs tourism business strategies. Owners can have complete control over their business on a daily, weekly, and monthly basis via on-demand analysis of sales, purchases and profitability on a booking-by-booking, agent, supplier, consultant, department, market, and company wide basis.

The on-demand sales and financial analysis includes:

• Sales and agent/client analysis showing pax numbers, booking numbers, quote conversions, travelled and cancelled bookings
• Supplier analysis showing costs, pax numbers, product quantities and room nights sold.
• This information enables you to make timely strategic marketing decisions, assists in the negotiating of rates with your suppliers and most importantly, allows you to monitor expected profitability well in advance of travel date.
• If staying ahead of the competition, continuing your digital transformation journey, and boosting your competitive edge are all priorities in your business, then making the move to an integrated accounting and booking software solution is a must. The more you automate, the more efficient, accurate and streamlined your business will be, giving you the advantage in a complex and fast-moving industry.

Keen to find out more about Tourplan’s unique accounting capabilities? Book a demo today.