Overview

Travel Assist’s Financial Accounting module (Cloud Accounting / Act Assist) is a cloud-enabled accounting system designed specifically for tour operators, destination management companies and travel agencies. It provides core accounting functions — general ledger, accounts payable, accounts receivable, bank reconciliation — plus standard financial reports (trial balance, profit & loss, balance sheet) and multi-company/multi-currency support. The module emphasises speed, accuracy, reduced paperwork and stronger security by moving accounting workflows to the cloud and integrating accounting outputs with broader tour operations.

Features and Capabilities

• Core ledger and journals: Full general ledger with multi-company chart of accounts and automated journal processing, supporting consolidated reporting.
• Accounts Payable (AP): Supplier invoice capture, payment scheduling, supplier ageing, and automated bill passing tied to tour operations.
• Accounts Receivable (AR): Customer invoicing, party ledgers, outstanding management and ageing analysis for travel clients and agents.
• Banking & reconciliation: Bank book, cash book and automated bank reconciliation to match payments and receipts.
• Standard financial reports: Trial balance, profit & loss, balance sheet, cash flow summaries and custom reporting for finance teams.
• Paperless workflows: Digital document attachment, maker/checker controls and reduced physical paperwork across accounting processes.
• Cloud access & security: Cloud-hosted access from any device with role-based access control and data protection measures.
• Integration with operations: Invoices and bill-passing integrate with tour operations (enquiries, bookings, supplier bills) to create an end-to-end audit trail.
• Flexible reporting / quick reporting: Pre-built and ad-hoc reports designed for travel business KPIs to reduce manual effort and errors.
• Third-party ERP integration: Option to pass AP/AR/GL data to external ERPs/Oracle financials when required.