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 pe...
Quarterly Estimated Taxes: A Travel Agent's Survival Guide
If you're an independent travel advisor, the IRS expects you to pay your taxes four times a year — not just once in April. This is one of th...
The 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...
LLC vs Sole Proprietor: Which Is Right for Your Travel Agency?
If you're an independent travel advisor, you've probably wondered whether you should form an LLC or keep running your business as a sole pro...
How 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 importan...
Cash Flow Management for Seasonal Travel Agencies
If your travel business has peak and valley months — and almost every travel business does — you've probably lived through the classic cycle...
7 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...
Home Office Deductions Every Travel Agent Should Claim
If you work from home as an independent travel advisor, the home office deduction is one of the most valuable (and most misunderstood) tax b...
How 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 Caribbean...
Automatic Bank Feeds Are Live — Your Travel Agency Books Just Got a Lot Easier
No more downloading CSVs and uploading files. UrTravelPro Books now connects directly to your bank account and pulls transactions in automat...
Setting Up a Chart of Accounts for a Travel Agency
Your chart of accounts is the skeleton of your bookkeeping system. Get it right and every transaction has an obvious home. Get it wrong and...
Why Generic Accounting Software Fails Travel Agents
If you've tried to use generic small-business accounting software to run your travel agency books, you know the feeling. The software is cle...