Accounts and Finance Help

Service Description

Managing finances as a travel agent is crucial for maintaining a smooth operation. This includes understanding wholesaler payments, reading invoices correctly, and knowing when and how to process payments. Wholesaler Payments: Many travel bookings involve wholesalers who require payments within specific deadlines. It's essential to check payment terms, whether immediate, deposit-based, or final payment closer to departure. Reading Invoices: Invoices from suppliers and wholesalers detail commissions, taxes, and due dates. Understanding line items, payment breakdowns, and any additional fees ensures accuracy and prevents discrepancies. When & How to Pay: Payments can be made via agency credit card, supplier portals, or direct bank transfers. Knowing the correct process for each supplier helps avoid late fees or booking cancellations.