The Importance of Bookkeeping for Your Travel Agency Small Business
Are you struggling to keep up with your travel agency bookkeeping? If so, you aren’t alone. Countless business owners find it difficult to stay on top of monthly procedures while still handling other critical areas of their business, like customer service and lead generation. However, prioritizing the bookkeeping of your travel agency can lead to […]
How to Create a Budget for Your Travel Agency
Did you recently open your own travel agency? First of all, congratulations! Making the decision to open your own business can be new and exciting. Before you get too caught up in the day-to-day tasks, it’s important that you set your business up for success through transparency in your finances. Building a strong financial future […]
How Should You Pay Yourself from Your Travel Agency Business?
Paying yourself as a small business owner shouldn’t be put on the back burner. After all, you are the most dedicated employee and most likely have regular bills each month. This leaves you questioning how to take money out of your business. Before you can pinpoint how money should be withdrawn, you need to analyze […]
Why Credit Management Matters in Your Travel Agency
Most travel agency owners understand the importance of building a strong customer base and diversifying their revenue streams, but what about prioritizing their business finances? It can be difficult to manage your own travel business finances when you focus solely on your personal credit. However, having a good credit score can help your small business […]
Travel Agency Accounting: 5 Tips for Managing Your Travel Business Finances
Are you struggling to maintain your travel agency accounting? Managing your travel agency business finances can be difficult, especially with sporadic cash flow and unique expenses. However, prioritizing your finances is essential as a small business owner. How can you expect to grow if you have no idea when to expect cash inflows and how […]
The Importance of Bookkeeping for Your Travel Agency Small Business
Are you struggling to keep up with your travel agency bookkeeping? If so, you aren’t alone. Countless business owners find it difficult to stay on top of monthly procedures while still handling other critical areas of their business, like customer service and lead generation. However, prioritizing the bookkeeping of your travel agency can lead to […]
Everything You Need to Know About Legal Documents: Contracts and Waivers
Travel Industry Solutions (TIS) was born out of a need our CEO saw within the travel industry: a lack of resources and training for travel advisors. As a travel agent herself, she discovered firsthand how difficult it was to navigate the legal side of her business. And travel today hasn’t made it any easier. Do […]
Does Your Travel Agency Need an Advertising and Affiliate Disclosure?
Many travel agents are looking for a way to promote brands or products they love while also making some extra income. Affiliate marketing is a popular way to do this. Even if you aren’t sure you fully understand this concept, you’ve likely encountered an affiliate marketer or even used an affiliate link. Affiliate marketing involves […]
Travel Agency Accounting: What Agency Owners Need to Know
As a travel agency owner, keeping track of your financials is crucial to the success of your business. There are several key accounting reports that you should pay close attention to stay on top of your finances and make informed business decisions. These reports include the profit and loss statement, the balance sheet, the cash […]
The Profit and Loss Statement: Why Every Travel Business Owner Should Review Theirs Monthly
A Profit and Loss (P&L) report, also known as an income statement, is an important financial tool for travel agency owners as it provides a clear picture of the financial performance of the business over a specific period, typically a month or a quarter. This report shows all the revenue that the business has earned, […]