Streamline Your Ecommerce Finances with Professional Bookkeeping Services
Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Travel Planners and Tourism Industry
Quality Driven Approach
QuickBooks And Xero Certified Experts
50% Reduction In Costs
Part Time / Full Time Resources For
- CPA Firms
- Bookkeeping Firms
- Business Owners & Startup Companies
Hire Remote Team
Bookkeeping software expertise
Our Services
Setting Up Xero/Quickbooks
Fill out our checklist to complete the Setup of your Cloud Software in a day. We provide step by step guidance.
Day To Day Bookkeeping
We will ensure that your books are upto date on the daily/weekly basis so you can stay on top of the Financial position.
Monthly Management Reports
We provide customized reports based upon client requirement. (Sales Perfomance, KPI’s, Overheads reporting, etc)
VAT Returns
We deal with VAT very closely for our clients to ensure that VAT claim is correctly calculated and Submitted Timely.
CIS Returns
Construction Companies enjoy error free and timely submission of CIS returns to HMRC through our services.
Payable Accounting
We track your accounts on a very regular note and also help your business run smoother.
Payroll Setup And Processing
Our procedure will take complete care of your Employee Setup, RTI Filings, Pensions , PAYG Liabilities, P45, P60.
Year End Finalization
We shall provide you complete Financials which can easily be used in preparation and completing Corporate Tax Return.
Why Are We The 1st Choice Of U.K. Businesses Accounting &
Tax Return Preparation
Reduce 50% in Current Costs
You will see a Cost reduction of at least 40-50% as compared to local Bookkeeper or Accountant.
Self Hosted PMS
Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.
Faster Turnaround
We generally reply to every emails same day or within maximum 24 hours.
Starting from
£8
Per Hour Bookkeeping service
Detailed & Regular Work Updates
We send emails that carry all the necessary information you need to carry out business operations.
Monthly Meetings with CPA
We conduct monthly meetings with CPA’s for effective communication and understanding client needs.
Meeting Deadlines
We finish all our work prior to deadlines to prevent any kind of chaos during finalization. .
Detailed Checklists
We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.
High Quality of Work
Our Standardized Procedures and Checklists will ensure error free work. .
Why Are We The 1st Choice Of U.K. Businesses Accounting &
Tax Return Preparation
Reduce 50% in Current Costs
You will see a Cost reduction of at least 40-50% as compared to local Bookkeeper or Accountant
Self Hosted PMS
Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.
Faster Turnaround
We generally reply to every emails same day or within maximum 24 hours.
Starting from
£8
Per Hour Bookkeeping service
Detailed Emails
We send emails that carry all the necessary information you need to carry out business operations.
Monthly Meetings with CPA
We conduct monthly meetings with CPA’s for effective communication and understanding client needs.
Meeting Deadlines
We finish all our work prior to deadlines to prevent any kind of chaos during finalization.
Detailed Checklists
We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.
High Quality of Work
Our Standardized Procedures and Checklists will ensure error free work.
.
Cloud AddOns Expertise
Focus on growing your business with our cloud-based accounting and bookkeeping solutions. Our cloud-based accounting services eliminate the need for time-consuming paperwork and data entry, allowing you to streamline your business. With cloud accounting, you get to access your financial data anytime and anywhere.
Receipt Bank
Receipt Bank converts those annoying bits of paper – receipts and invoices – into Xero data!
Hubdoc
With Hubdoc, you can automatically import all your financial documents & export them into data you can use.
Spotlight Reporting
Attractive performance reports quickly and efficiently. Ideal for organizations that need deeper insight and analysis.
Gusto
Gusto offers fully integrated online payroll services that includes HR, benefits, and everything else you need for your business.
AutoEntry
AutoEntry captures, analyses and posts invoices, receipts and statements into your accounting solution.
Shopify
Connect Shopify and Xero to effectively manage your online sales, inventory and accounting requirements.
Introduction
Multiple Accounts Bookkeeping For Tour Operators
- The uniqueness of the industry: Travel and Tourism industry is a unique as compared to the other industry. It has a different course of work and that too changes with the season. Like a travel firm takes their clients on a trip to various places based on clients’ requirements but considering the season at that place. In addition to that, the budget is also an important aspect we need to care of. Thus, we know and understand that how unique this industry is and provide the accounting solutions based on it.
- Integration Of Online Business: Industries around the globe are changing at a fast pace, and so the firms in the travel and tourism industry. Most of the firms have provided services online through their websites. We at Meru Accounting facilitate a smooth integration of your online website with an array of accounting software that increases the efficiency and ease of importing date in the accounting sheets of the software.
- Tracking Of Inventory And Receivables: Travel and tourism firms have linkages with different clients across the world. The firms also have to keep a good association with different institutions like hotels, transportation agencies, food suppliers or restaurants, so they can give their clients a good experience. To help travel industry in managing their inventory and payments because of reception, our professional team carries out the tracking of inventory and account receivables to prevent any disruption in the services.
- Timely Financial Services: Travel and Tourism industry works at a rapid pace. Thus it’s very essential to know the nitty-gritty of the financial position of the firm. We at Meru Accounting promise to deliver timely financial services so you can focus on the key parameters of your business and increase profits.
- Travel Planning And Business Strategies: The competition in this industry is cut throat. So, we give our clients a good view on their financial viability regularly that helps them plan the trips and develop business strategies to grow and prosper.
Travel Service Providers
- Home-based or Independent Contractors– They are generally handled by a single or few people with no official place. They will have an agency registered on any non-working official place too. Here, very few people travel through their contacts.
- Niche or Specialty– This agency provides a tour of a particular sector only. They make the tour package here for a specific group of travellers, or they have one specific place for the tourists to travel.
- Corporate only– The corporate tour is a particular tour agency that is offered to only the corporate companies. These tour agencies have an excellent idea regarding arranging tours for different companies.
- Franchise– A franchise is one of the standard ways of doing business. Here, the entity which runs the businesses uses the name of an established brand along with their scheme for the travellers.
Types Of Travel Businesses
- Travel booking Agents: Travel booking agents do all the arrangements for the journeys. They usually book all the transportation ticketing for travellers.
- Travel service providers: The travel service providers look after all the things in travelling. They arrange the facilities for staying, travelling to different places, eating, and other essential stuff for travelling.
- Bus Service providers: The bus service providers provide the buses for travelling in that desired place. As per the capacity of the passengers and the requirement, the bus arrangement occurs.
Things To Take Care Of Travel Business Accounting
-
Revenue recognition
When the travel agency makes the actual travelling for the travellers, they have to make the revenue tracking in a very proper way. The revenue earned through the customers who are adequately bifurcated to make sure that the appropriate management of the income is done. -
Expenses
Properly managing the costs is an essential factor to keep track of the outflow of the capital. The charges are mainly incurred in activities like booking the transportation tickets; the cost involved in the eating items, the individual facilities given to the travellers through external sources, and many other expenses did for the clients.
Here Are Some Reports Provided By Meru Accounting For Your Travel Business
- Cash flow forecast: Whenever an actual travelling happens for the travellers, a lot of expense starts. Here, it is essential to keep a proper track of all the entities where the costs are made. It helps the travel agencies to make an appropriate Cash flow forecast. Organisations need to do a detailed analysis of the cash flow. Here, it is easier for the travel agency to make the proper Cash flow forecast.
- Budgeting and analysis of deviation: Every travel agency desires to have a proper budgeting analysis to estimate the cost, expense, and revenue. The accounting service here can provide better Budgeting and analysis of deviation.
Use Of Xero For Travel Business
-
Class Tracking
The travel agencies have a different travel package for their customers. The class tracking facility provided by the Xero enables us to track all the travel packages in a very proper way. -
Two Bank Accounts
We set up two Bank accounts for the travel business. One is the client’s trust account, where we make all the travel expenses and income. While the other is the general travel business account, where all the business-related information for the travel agency is kept standardly. This system helps the travel business to track all the financial transactions accurately along with the profitability.
Benefits of Outsourcing Bookkeeping Services For Travel And Tourism Industry in the UK
Benefits Of Outsourcing Bookkeeping And Accounting Services
- Financial analysis and reporting provide insights into the financial performance of travel agencies, enabling informed decision-making and effective financial strategies.
- Bookkeeping and accounting professionals possess expertise in financial management, including tax regulations and industry-specific requirements, ensuring accurate financial records and compliance.
- Outsourcing bookkeeping and accounting services can be cost-effective for travel agencies, eliminating the need for hiring and training an in-house accounting team.
- By outsourcing these tasks, travel agencies can save time and focus on core business activities and customer service.
How Meru Accounting Helps In Bookkeeping And Accounting For The Travel And Tourism Industry?
Conclusion
In conclusion, outsourcing bookkeeping and accounting services to a specialized firm like Meru Accounting can be a game-changer for travel agencies in the United Kingdom’s travel and tourism industry. By entrusting their financial tasks to experts, agencies can save valuable time, tap into financial expertise, and benefit from cost-effectiveness.
Accurate financial records provided by Meru Accounting ensure compliance with regulations, enabling travel agencies to make well-informed financial decisions. This, in turn, contributes to maintaining financial stability, managing cash flow effectively, and budgeting for sustainable growth.
With the burden of record-keeping, accounts management, financial analysis, and tax compliance lifted off their shoulders, travel agencies can focus on delivering outstanding customer service and navigating the ever-changing market conditions. By leveraging Meru Accounting’s comprehensive services, travel agencies can enhance their operational efficiency, strengthen their financial position, and position themselves for long-term success in a competitive industry.
Overall, partnering with Meru Accounting, a CPA firm specializing in outsourced bookkeeping and accounting solutions, can be a strategic move that empowers travel agencies to thrive amidst challenges and seize opportunities in the dynamic landscape of the travel and tourism sector.
CONTACT US FOR ANY QUESTIONS
Hiring Virtual Accountant With Meru Accounting
Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.
We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.
Help you with switching from your traditional software to Xero and Quickbooks.
We also manage VAT, CIS, CT 600 Tax return, Companies house Tax return, Confirmation Statement, Payroll RTI return submissions which gives your onstop solution for all.
When you choose to outsource your accounting work with us, it benefits you in the following ways:
- 1. Cost-saving
- 2. Access to skilled and experienced professionals
- 3. Better management of books of accounts
- 4. Decreased chances of errors
- 5. Improve business efficiency
- 6. De-burdens in-office employee’s dependency
- 7. Better turnaround time
We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.
Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.
Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.
Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.
We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.
We take certain preventive measures to secure your data, like:
- Cyberoam Firewall to prevent any kind of foreign threat.
- Dual-step authentication
- Implement anti-virus
- Limit user access so that login details are with a few people.
Meru Accounting work on some of the best accounting software’s like:
- Xero
- Quickbooks
- Netsuite
- Saasu
- Wave
- Odoo
Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.
To book for trial, call us on our numbers or Please fill out the form here.
Our Work Information
We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.
For information visit our work methodology page.
We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.
We can provide to you once we move ahead in our interview.
We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.
Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.
Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.
Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.
BAS is generally required to be filed quarterly by various businesses.
Individual Business Owners
Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.
No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.
We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.
Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.
Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.
Our Office Address
UK Office
3rd Floor 207 Regent Street, London, W1B 3HH.
Global Production Team (India)
902, Shivalik Tower, Nr. Panchvati Cross Roads, Ahmedabad, Gujarat 380009, India
Our Office Address
UK Office
3rd Floor 207 Regent Street, London, W1B 3HH.
Global Production Team (India)
2nd, 3rd ,4th and 5th floor, Shanti Annexe, above Morima, opp. B.d.patel House, Sardar Patel Colony, Sundar Nagar, Naranpura, Ahmedabad, Gujarat 380006
