How to Separate Personal and Business Finances as a Travel Agent
If I had to give independent travel advisors ONE piece of bookkeeping advice, this would be it: separate your business finances from your p…
Bookkeeping BasicsThe Complete Expense Tracking Guide for Independent Travel Advisors
Expense tracking is where most independent travel advisors either succeed or fail at bookkeeping. Succeed, and every business expense turns…
Bookkeeping BasicsHow to Read a Profit & Loss Statement (Travel Agent Edition)
Your Profit & Loss statement (sometimes called a P&L, an income statement, or a statement of operations) is the single most importa…
Tax & Compliance7 Bookkeeping Mistakes That Trigger IRS Audits for Travel Agents
Nobody wants a letter from the IRS. The good news is that tax audits on small business owners — including independent travel advisors — are…
Bookkeeping BasicsHow to Handle Client Refunds and Supplier Clawbacks Without Losing Your Mind
Cancellations happen. A client breaks a leg two days before departure. A cruise line cancels a sailing. A hurricane rearranges the Caribbea…