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Tax Automation with iTours Travel ERP Software

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mugdhadalal
Tax Automation with iTours Travel ERP Software

Managing accounts and finance is of the utmost importance as well as the most hectic task in any business management. Even a small mistake in the account calculation can cause a huge loss to the company. Now here we will discuss the travel business management. Several operations are involved in the entire travel company management. Customer relationship management, Supplier management, Finance management, Business report generation and analysis, Human resource management, Business promotion, and many more like them. The above mentioned are the core operations but apart from that, they have multiple child operations which need to be managed carefully.

To handle all these operations effortlessly and efficiently, tour operators need to adopt the latest travel technology which simplifies all these tasks for a travel company and thus allows them to focus on other operations. Tour operator software is an advanced travel technology which due to its automated features automates the vital task of the travel business and thus creates miracles for the travel business.

Travel business (B2B) involves the presence of multiple suppliers due to the presence of multiple operations like hotel management, meal management, ticket booking service, transport facility, etc. So balancing outstanding amount with every supplier, tax calculation plays an important role. Taxes involved in the travel business are service tax, VAT,  GST (CGST, SGST, IGST). Calculating all these taxes and doing these hectic calculations manually is next to impossible else it might lead to calculation error due to heavy calculations. 

iTours is the ultimate travel agency software which has got all it covered. iTours has recently updated the magic feature which is "Taxation and business rule automation". This feature is to set travel owners worry-free of tax calculation every time and thus keeps them away from the risk involved in the complicated calculations involved in the tax calculation. Accuracy is the key to all accounting operations, tax calculations, etc. A small error in the calculation can lead to incorrect report generation followed by wrong analysis which ultimately will harm the company in many ways.

With this amazing feature, tour operators can set their one-time taxation rule for different types of services. So, every time tax gets auto-calculated as per the business rule set by the tour operators. This feature of Tax auto-calculation which is a part of accounting & finance management, promises to get all accounting tasks involved in the travel business done quickly, effortlessly, and gives accurate results.

 

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