Bookkeeping and Accounting for Travel Agencys

Searching for a bookkeeper and accountant for your travel agency? We manage your books, giving you more time to plan unforgettable trips for your clients. Try us for free.

Oops! Something went wrong while submitting the form.

No credit card required. By clicking ‘Start a Free Trial’, I agree to Bench’s Terms & Privacy Policy.

How Bench works with travel agencys

Journey through your bookkeeping, income tax prep, and filing with confidence—guided by our team of experts, all running on one powerful platform. Bench caters to the unique needs of travel agencies.

We get you set up

Our team prioritizes comprehending the specifics of your travel agency, answering your questions, assisting you in connecting your accounts, and demonstrating how Bench integrates with your operations.

We do your bookkeeping

Every month, your dedicated bookkeeper sorts through your travel agency's transactions and compiles financial statements. If they require any additional information from you, they'll promptly reach out.

We deliver tax-ready financials

Our team of experts understands the tax regulations related to travel agencies and will tailor their approach to your agency's individual requirements.

Here’s why travel agencys like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

At Bench Accounting, we constantly provide bookkeeping updates tailored for travel agencies. Got urgent inquiries that just can't stall? We assure you a response in one business day or less.

women with headset and laptop sitting on the couch
screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform enables you to automate data entries from most major providers eliminating frequent errors. We collaborate with leading vendors like Gusto, Stripe, Shopify, and Square—ensuring your travel agency's finances are always precise and up-to-date.

See where you’re spending. Make smart decisions

Wave farewell to heaps of itinerary print-outs and tiresome manual booking tracking—we automate inputs straight from your linked accounts. Gain insights from one unified dashboard so you can effortlessly comprehend the health of your travel agency and make strategic decisions.

people doing their bookkeeping at a table

Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
Trust Pilot review previewCapterra review previewG2 review previewGetApp review preview

We know bookkeeping for travel agencys

In the ever-changing landscape of travel agencies, managing finances can often feel like navigating through uncharted territory. That's where Bench steps in. We understand the unique challenges that travel agencies face, such as fluctuating revenues, unpredictable expenses, and the global implications of tourism taxes. We help manage these complexities by providing online bookkeeping services, tailored to the specific needs of your travel business. Bench combines intuitive software with real, human bookkeepers to manage everything from day-to-day expenses to annual financial statements, ensuring a hassle-free experience.

Our team of experts is not only well-versed with the common bookkeeping challenges in the travel industry, but also intimately understands the specific tax laws and regulations that are applicable. Whether it’s handling VAT on international bookings, managing commissions and fees, or staying in compliance with differing regional laws, Bench covers it all. We can also help identify tax-saving opportunities specific to the tourism sector, like tax credits for hiring employees or tax deductions for certain marketing expenses. With Bench, you can focus on creating beautiful journeys for your clients, while we take care of your bookkeeping and taxes.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
How does accounting for a travel agency differ from other industries?

Accounting for travel agencies can be distinct from other industries owing to the unique nature of their operations and transactions. Here are some specifics:

  • Contingent Revenue Recognition: Often, the services in the travel industry are deemed to be rendered when the travel actually takes place which means the revenues can only be recognized then. This could be months after the payment has been received.
  • Third-party Transactions: Travel agencies routinely sell packages and services procured from third-party vendors. Hence, there can be complexities in terms of accounting for these transactions.
  • Unearned Revenue: Since customers usually pay for travel in advance, travel agencies must handle unearned revenues that convert into earned revenues only once the services are provided.
  • Multicurrency Transactions: Being a global industry, travel agencies have to deal with multicurrency transactions and the accounting complexities that come with them.
  • Tax Jurisdictions: Travel agencies often operate across multiple tax jurisdictions and thus must account for different tax regulations.

These factors make accounting for travel agencies quite different from other industries.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
What are specific bookkeeping considerations for travel agencies due to fluctuating travel costs and industry rates?

Travel agencies face a unique set of bookkeeping challenges due to the nature of the industry. Significant considerations include fluctuating travel costs, changes in industry rates, and complex commission structures. To manage these, it's essential to have a robust and dynamic bookkeeping solution in place.

Fluctuating travel costs mean that revenues and expenses can dramatically vary from month to month. As a result, cash flow management becomes incredibly crucial. Proper recording and categorization of these costs ensure that financial reports accurately reflect the business' performance.

Likewise, ever-changing industry rates – from airline tickets to accommodation rates – require regular adjustments in pricing strategy and expense management. This highlights the need for real-time bookkeeping that can keep pace with these changes.

Travel agencies also often handle numerous commission-based transactions, which can complicate bookkeeping processes. Every booking may involve different commission rates, making it crucial to track and manage these properly for precise revenue and cost figures.

Given these considerations, there is a significant benefit for travel agencies to consider professional bookkeepers who specialize in their industry. With their expertise, you can confidently navigate the fluctuating travel industry landscape and focus on doing what you do best - providing excellent travel experiences to your clients.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
Can Bench Accounting assist with international transactions often associated with travel agency operations?

Yes, at Bench Accounting we are well-equipped to handle international transactions associated with travel agency operations. We have a well-experienced team that specializes in the intricacies of international finance, ensuring seamless bookkeeping regardless of the number or complexity of your transactions.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
Will I have one point of contact?

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

Close and Open IconA graphic of a plus and minus icon that represents the action to close and open.
How much time each month will I have to spend managing my Bench account?

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.

Bookkeeping Services for Travel Agencys

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

No credit card required. By clicking ‘Start a Free Trial’, I agree to Bench’s Terms & Privacy Policy.