Accounting & Bookkeeping ยท KBLI 79111

Travel & Tourism Accounting

Travel and tourism businesses have accounting complexity in determining whether the company acts as an agent (only records commission) or principal (records gross revenue). Customer down payments and supplier payments before departure require careful cash flow management. Arunika Consulting helps travel agents and tour operators organize accounting according to SAK EP or SAK EMKM.

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What usually goes wrong

  • Agent vs Principal

    Determining whether revenue is recorded gross (principal) or net (commission only) based on control over services.

  • Deposits and Deferred Revenue

    Customer down payments before departure must be recorded as liabilities until services are provided.

  • Seasonal and Cash Flow

    Revenue concentrated in high season, but fixed costs run throughout the year.

  • Multi-Currency

    Transactions with overseas suppliers require exchange difference recording.

What we do

  1. 01

    Agent/Principal Classification

    Evaluation per service type whether travel acts as agent (commission) or principal (gross) according to PSAK 23.

    • Proper revenue
    • Accurate margin
    • Standard compliance
  2. 02

    Down Payment Management

    Recording of customer deposits as liabilities with amortization when services are provided (departure).

    • Accurate revenue per period
    • Cash flow tracking
    • Clear financial position
  3. 03

    Seasonal Budgeting

    Budget and cash flow projection preparation based on season to anticipate low season.

    • Maintained liquidity
    • Fixed costs covered
    • Promotion planning

Related regulations

  • SAK EP

    Private Entity Financial Accounting Standards

    Reporting framework for medium-scale travel agents and tour operators.

  • SAK EMKM

    SME Accounting Standards

    Alternative for small travel agents with simple reporting.

  • PSAK 23

    Revenue

    Agent revenue (commission) vs principal (gross) recognition for tour packages.

If the tax office starts asking questions

The team that keeps your books and files your taxes also stays with you through an SP2DK, an audit, an objection and an appeal.

How we handle tax disputes

Frequently Asked Questions

Does travel agent record revenue gross or commission only?

Depends on role. If travel controls services (determines price, bears risk), recorded gross. If only facilitates, recorded commission only (net).

How to record customer deposits not yet departed?

Deposits are recorded as liabilities (deferred revenue). When departure occurs, moved to revenue according to services provided.

How to record payments to hotels and airlines?

If as agent, payments to suppliers don't enter expenses (recorded as passthrough). If principal, recorded as tour package COGS.

How do accounting services improve operating cost efficiency?

Accurate, timely financial reports help you spot cost leakage, monitor margins by product or service, and make data-based decisions.

Can financial reports be accessed in real time?

Yes. We use cloud accounting systems so you can monitor cash flow, profit and loss, and business performance from anywhere.

How do you ensure reports are ready for external audits or banks?

Reports are prepared with clear documentation and traceable transaction data.

Related Industries

Tell us about your business

Send your line of business, rough annual turnover, and what is going wrong. We reply on WhatsApp.

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