Meru Accounting

Select Your Country:
US
Canada
U. K
AU
UAE
Singapore
New Zealand
Get a Quote: [email protected]
Experience Hassle-Free

Bookkeeping for Travel And Tourism

Hire Remote Bookkeeper, Accountant, Tax return Preparer or Admin Person


Monthly Bookkeeping, Payroll, Financial Statements or Tax returns for Educational and Academic Institues

REQUEST CALL BACK
A visual representation showcasing 20 different accounting software options available in the market today.
Hire Remote Team
Bookkeeping for Event Management
A green sign displaying the text: "$150 hours, $1,500 month" in bold letters against a clear background.
Black and white image of a stylized ribbon award with a checkmark in the center.

Business Tax return filing by Certified
CPA / Enrolled Agent (Starts at $350)

certified-stamp-round-sign-label-600nw-2436869775-transformed
QuickBooks And Xero Certified Experts
Icon of a dollar sign encircled by a two-directional arrow, suggesting money circulation or financial exchange.
50% Reduction In Costs

Accounting and Bookkeeping for Travel and Tourism

MicrosoftTeams image 34

Bookkeeping is the process of recording, sorting, and keeping track of a business’s financial tasks. In the travel and tourism industry, it is key to track all money-related tasks such as selling packages, booking trips, and handling travel costs.

Bookkeeping in Travel and Tourism services includes records for income, costs, assets, and dues. Income may come from ticket sales, hotel stays, or package deals. Costs may cover staff pay, ads, travel, and gear upkeep. Assets include cash, unpaid bills, stock, and gear, while dues may include payables and loans.

A travel service provider can use tools like spreadsheets, ledgers, or accounting software for travel agents to keep clear records. These tools help sort financial data and make it easy to view and review key details. For any travel and tourism business, good books are vital. They help track money growth, plan ahead, and make wise choices about costs and growth. Clear records also help with taxes and reports.

At Meru Accounting, we offer expert services for travel firms. We help with accurate books that keep your firm on track. We also guide firms in choosing the best accounting software for travel agents to ease their record-keeping and stay compliant.

Key Aspects of Accounting and Bookkeeping for the Travel and Tourism Industry

1.Income Tracking

  • Tracks ticket sales, tour packages, hotel bookings, and more. It helps calculate profit margins. With clear tracking, a travel service provider knows what earns the most.
  • This helps focus on top-performing services. It also helps Travel and Tourism services plan ahead with facts, not guesses.

2.Expense Management

  • Records all costs like transport, hotel fees, and guide charges. It helps control overspending. This makes sure the business runs without wasting money.
  • Each rupee spent can be tracked and reviewed. It also helps plan better pricing for future trips.

3.Multi-Currency Transactions

  • Travel agents often deal in global currencies. Good accounting software for travel agents handles rate changes. It helps convert values without manual errors.
  • This simplifies global deals with clients and vendors. A travel service provider can serve foreign clients with ease.

4.GST and Tax Filing

  • Keeps all GST data ready for quick filing. It minimizes the risk of missing tax deadlines.
  • Helps stay in line with local tax laws. Proper records cut the chance of costly fines.
  • It ensures Travel and Tourism services avoid issues during audits.

5.Payment Reconciliation

  • Matches bank records with payment entries. Prevents confusion on busy transaction days.
  • It checks if all payments are received or due. This keeps accounts neat and updated.

6.Automation with Software

  • The best accounting software for travel agents saves lots of time. It reduces typing errors and missed entries. Automation takes care of billing and reports.
  • This gives more time to focus on your tours. A travel service provider can grow faster with fewer manual tasks.

Importance of Accounting and Bookkeeping in Travel and Tourism

  • Keeps Financial Records Clean: Accurate accounting records every income and expense in the business. This gives a clear picture of how the business is doing. It also helps in making better decisions for growth and future investments.
  • Helps with Budget Planning: Bookkeeping helps travel service providers plan tours and manage expenses. By reviewing past data, businesses can make more accurate budget plans and reduce overspending.
  • Reduces Tax Errors: Accurate records help during tax filing. This also avoids penalties and audits. Keeping up-to-date records makes tax filing smooth and error-free.
  • Tracks Payments from Customers: Travel and tourism services often involve advance payments. Good records track who paid and how much. It is especially useful for refunds or changes in bookings.
  • Manages Vendor Payments: From hotels to transport, many vendors are involved. Bookkeeping helps manage payments and dues on time. This also keeps vendor relations strong by avoiding missed or delayed payments.
  • Boosts Business Growth: Clear financial reports help travel agencies plan to expand or improve services. It helps find areas where the business can grow based on solid financial data.
undefined 2025 10 03T174225.692 11zon

Advantages of Using Accounting Software for Travel Agents

Using accounting software makes work easier and faster for travel businesses.

Saves Time

  • Accounting software for travel agents helps automate bills and invoices. No more manual typing.
  • This saves hours each week and lets agents focus on clients and trips. It’s an essential resource for any travel service provider.

Improves Accuracy

  • The software cuts down on mistakes. It auto-calculates totals, taxes, and reports.
  • This keeps records clean and easy to check. It helps Travel and Tourism services stay ready for audits or reviews.

Better Reports

  • You get real-time updates and insights. Quick access to reports helps make smart choices.
  • You can plan, budget, and act fast. The best accounting software for travel agents makes reporting smooth and clear.

Cloud Access

  • Check your books from any device. Cloud-based tools are great for agents on the move.
  • Whether at work or on a trip, you stay in control. This is key for a modern Travel service provider.

Integrates with Booking Tools

  • The software connects with booking systems. This stops double entries and saves time.
  • It links all parts of your work—from booking to payment. This is a must-have for busy Travel and Tourism services.

GST Compliant

  • Helps file returns on time and without errors. You stay updated with the latest tax rules.
  • This keeps your travel agency in line with GST rules. The best accounting software for travel agents makes tax season easy.

Types of Travel Service Providers

There are different kinds of travel agents in the industry. Each one needs good bookkeeping to grow and follow tax rules.

1. Home-Based or Independent Contractors

They are run by one or a few people. These are usually small setups. Their travel agency may be based at home or a non-official address.

  • They book tours for close contacts.
  • Most tasks are handled by one person.
  • Bookkeeping helps them track money without full-time staff.

2. Niche or Specialty Travel Service Provider

This type of plans trips to one location or for one type of client. For example, trips for adventure, wildlife, or luxury.

  • They serve a focused group.
  • Package cost, profit, and guide fees need close tracking.
  • Accounting software for travel agents makes this easy.

3. Corporate Only Agencies

These work only with companies. They plan work trips and events for office groups.

  • They need special GST handling and payment tracking.
  • Cost tracking per trip is vital.
  • Timely reports help billing firms the right way.

4. Franchise Travel Firms

These use the name of a big brand. They follow the brand’s rules and offer tours under that name.

  • A clear accounting system is a must.

  • Brand fees, profits, and commission should be logged.

  • Cloud-based systems help in shared data and reports.

Types of Travel Businesses

Understanding the type of travel business helps in better accounting. Each has different needs.

1.Travel Booking Agents

  • They handle bookings for flights, trains, and taxis.
  • Track tickets booked and payments received
  • Record commissions from each sale
  • Keep travel documents in order.

2.Travel Service Providers

  • These agencies handle full tours. They manage stays, meals, transport, and more.
  • They deal with many vendors.
  • Bookkeeping helps track each service use.
  • Must handle both client and vendor records

3. Bus Service Providers

  • They offer buses for tourist groups or city tours.
  • They need to manage fleet costs and fuel.
  • Log trip earnings and repairs.
  • Keep records of drivers and trips.

4.Corporate Tour Agents

  • They offer travel for companies and staff.
  • Send bills to companies, not to individuals.
  • Tax invoices must match company standards.
  • Use automated tools to handle bulk bookings.

5.Niche Tour Planners

  • These offer special tours—adventure, wellness, or eco-travel.
  • Track package costs for small groups
  • Need accurate profit margins per trip.
  • Tools help track costs for each unique tour.

6. Franchise Travel Agents

  • These work under a brand name but run the business.
  • Track royalty payments to the brand
  • Keep shared reports
  • Use accounting software for travel agents that fits the brand systems.

Why Choose Meru Accounting for Travel and Tourism Businesses

Meru Accounting is a trusted name in the travel industry accounting. We understand the unique needs of travel service providers.

  • Industry Knowledge
     Experts in travel and tourism accounting. We understand the flow of the travel business. Meru Accounting provides accurate advice and better-tailored services for travel businesses.
  • Custom Services
     Meru Accounting offers services suited to your business model. We help businesses from small agencies to large travel service providers. Meru Accounting adapts its approach to meet the needs of each client.
  • Modern Tools
     Uses the best accounting software for travel agents. We offer cloud-based access to financial data. This ensures that you can view and manage your finances from anywhere.
  • Compliance Ready
     We keep your business tax-ready at all times. We handle GST, TDS, and other tax needs. This ensures you are always up-to-date and compliant, avoiding tax season stress.
  • Focused Support
     Meru Accounting provides a dedicated team for your firm. The team is easy to reach when you need help. Our team is always ready to help, whether you have questions or need support.

Services Offered by Meru Accounting

Meru Accounting offers complete bookkeeping and accounting services for travel and tourism services.

  • Bookkeeping Services
     Meru Accounting records all income and expenses daily. We help manage cash flow. Regular bookkeeping gives you a clear view of your finances, making it easier to plan for the future.
  • Travel Agent Accounting
     Meru Accounting specializes in accounting for travel service providers. We help with client payments and vendor dues. This helps keep your financial records clear and correct.
  • Reconciliation Services
     We handle bank, credit card, and vendor reconciliations. Meru Accounting detects errors early. This helps keep all records accurate and current.
  • Financial Reporting
     Meru Accounting provides profit and loss, balance sheet, and cash flow reports. Monthly or quarterly reports give you the data you need for smart business decisions.
  • Tax Filing Services
     Meru Accounting handles GST returns and TDS filing. We offer full support during tax season. With our services, you never have to worry about tax deadlines or penalties.
  • Payroll Processing
     Meru Accounting handles salary, PF, and tax deductions. We also manage payslips and staff payments. This service makes employee payments quick and hassle-free.
  • Software Setup and Training
     Meru Accounting helps you choose the best accounting software for travel agents. They provide training for your team. We make using accounting tools simple and efficient.

Use of Xero for Travel Business

Xero is a helpful tool used in Travel and Tourism services to keep records clean and correct. It brings features that help any travel service provider manage money better.

Class Tracking: Travel agents offer many package types. Class tracking in Xero lets us sort and track all travel plans with ease and clarity.

Two Bank Accounts: We use two accounts for the travel firm. One is a client trust account used for travel payments and income. The second is the main business account used for firm-related records. This helps the agency track each deal and check profits clearly.

Budgeting and Deviation Check: Each travel service provider must plan a good budget. Xero helps track planned and actual results with ease, helping to spot gaps fast.

Expenses: Managing costs is key for travel firms. These may include transport bookings, food, extra services, and more.

Meru Accounting offers smart tools and support. We guide firms to use the best accounting software for travel agents and keep finances in check with ease.

Effective bookkeeping is key to the success of Travel and Tourism services. It helps keep financial records clear and up-to-date. It also ensures smooth cash flow and meets tax rules. Good records help make better decisions and build trust with clients and partners.

Using online tools and tracking inventory or payments keeps operations running well. This reduces delays and helps your travel service provider stay on track. With timely financial updates, businesses can know their position and plan better. Meru Accounting offers custom solutions for Travel and Tourism services, using the best accounting software for travel agents to manage finances. With expert help, travel service providers can keep records accurate and cash flow efficient.

FAQ's

Bookkeeping logs all money in and out, showing clear profit.
 It helps plan budgets, track cash, and stay within tax rules.

 All travel firms, from small agents to big ones, can use it.
 It helps track bookings, payments, and vendor bills fast.

It changes money from one currency to another with ease.
 This makes global payments and reports simple to check.

Yes, it keeps GST and TDS records right and neat.
 It lowers the risk of fines or audit problems.

They get profit and loss, cash flow, and balance sheet reports.
 These reports help make smart financial choices for the firm.

We handle bookkeeping, bills, payroll, and tax filings.
 We also train staff to use the best software for agents.

 Xero tracks packages, budgets, and costs with ease.
 It keeps client and business accounts separate for clear profit.

Hiring Virtual Accountant With Meru Accounting

Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.

We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.

Help you with switching from your traditional software to Xero and Quickbooks.

We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.

When you choose to outsource your accounting work with us, it benefits you in the following ways:

  1. 1. Cost-saving
  2. 2. Access to skilled and experienced professionals
  3. 3. Better management of books of accounts
  4. 4. Decreased chances of errors
  5. 5. Improve business efficiency
  6. 6. De-burdens in-office employee’s dependency
  7. 7. Better turnaround time

We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.

Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.

Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.

Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.

We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.

We take certain preventive measures to secure your data, like:

  • Cyberoam Firewall to prevent any kind of foreign threat.
  • Dual-step authentication
  • Implement anti-virus
  • Limit user access so that login details are with a few people.

Meru Accounting work on some of the best accounting software’s like:

  • Xero
  • Quickbooks
  • Netsuite
  • Saasu
  • Wave
  • Odoo

Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.

To book for trial, call us on our numbers or Please fill out the form here.

Our Work Information

We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.

For information visit our work methodology page.

We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.

We can provide to you once we move ahead in our interview.

We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.

Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.

Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.

Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.

BAS is generally required to be filed quarterly by various businesses.

Individual Business Owners

Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.

No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.

We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.

Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.

Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.

Our Young and Dedicated Team
Meru Teamm 1536x649 1