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Progressive
and sound Business Policies are heavily dependent upon accurate projections
which are definitely needed at every level of operations and management
hierarchy. Though transport companies across the globe follow different
standards of central accounting principle all follow either of the
two accounting systems viz.
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Traffic based Accounting System.
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Sales based Accounting System.
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While
Traffic Based Accounting is done on the basis of actual passenger and
cargo load factors and projects the quantum of earnings of transport companies
in monetary terms during a defined period. Sales based Accounting provides
to transport companies the much needed information with regard to their
financial liquidity.
The
world's best airline accounting systems recognize the need for a dual
accounting system based upon both Traffic and Sales data to achieve the
inherent advantages which include :
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Matching of information to evaluate the past and assist current and
future management projections.
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Facilitate Financial Managers with precise information on the transport
companies liquidity thereby ensuring productive channeling of funds.
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Ensuring the feasibility of timely and closer study of changes in the
world market to provide a competitive edge.
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Preparation for accounts settlements with other transport companies
(e.g. airlines).
Reservation
Data Maintenance possesses the required knowledge and infrastructure to
undertake the task of handling your revenue Accounting functions at the
most economical rates anywhere in the world.
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