MYCFO for Travel Agents
Accounting for travel agencies and tour operators. The industry modules for this edition are coming soon. The MYCFO core already covers your everyday bookkeeping today.
Travel Agents
Available today with core MYCFO
- Supplier bills and vendor payments
- Tickets and confirmations attached to vouchers
- Branch tagging for each office
Planned for this edition
- Ticketing & booking records
- Supplier / consolidator settlement
- Booking-wise profitability
- Commission tracking
- Foreign-currency transactions
Made for travel agents
MYCFO for Travel Agents is aimed at:
- Travel agencies and tour operators
- Air ticketing agents
- Hajj and Umrah operators
- Corporate travel management companies
What makes accounting hard in this industry
Many suppliers to settle
Airlines, consolidators, hotels and ground handlers each need accurate bills and payments.
Thin margins
Small differences between what customers pay and what suppliers charge add up, so every entry must be exact.
International business
Agencies deal with customers and suppliers in many countries and currencies.
Several branches
Multiple offices need their figures kept apart.
How the MYCFO core helps today
These MYCFO features are available now. They are general accounting features, not the industry modules planned for this edition. Highlighted cards show how they apply to travel agents.
Accounts & general ledger
4-level chart of accounts, Record General Entry, General Journal, Recurring Transactions and Budget.
Banking
Bank Payment and Bank Receipt vouchers with Paid To / Received From.
Purchase & Sale
General supplier bills and vendor payments for airlines, consolidators, hotels and other suppliers.
Inventory
Item list, stock received and consumed, and a Stock Register.
Payroll
Employees and salary sheets.
Projects & Jobs
Projects and linked jobs on every voucher line, with budgets and opening balances.
Branches
Tag every voucher and journal line to the office or branch.
167 reports
Index to Reports across 9 tabs, including Trial Balance, Balance Sheet, P&L, Cash Flow and ageing.
Attachments
Attach tickets, booking confirmations and supplier statements to the related voucher.
Tax codes
Tax by code and rate on document lines. Does not prepare national tax returns.
Home currency per company
Choose each company's home currency from 154 world currencies. Vouchers are entered in the home currency.
Excel, print & backups
Excel import/export, Print and Send to Excel everywhere, and dated backups with Restore.
Planned for this edition
Industry-specific modules planned for MYCFO for Travel Agents. These are not available yet. Join the waitlist to hear when they are ready, or talk to sales about your requirements.
Ticketing & booking records
Record tickets, PNRs and bookings linked to sales.
Supplier / consolidator settlement
Match supplier statements and settle balances with airlines and consolidators.
Booking-wise profitability
Profit per booking, passenger or group.
Commission tracking
Track commissions receivable and payable.
Foreign-currency transactions
Record sales and purchases in foreign currencies with exchange differences.
Be first to know when MYCFO for Travel Agents is ready
Join the waitlist, or talk to sales about using the MYCFO core today. Prices in USD. Customers worldwide welcome.