Accounts Receivable & Accounts Payable

Revenue Analysis

Takeflite Revenue Accounting helps with the breakdown of taxes, non-revenue flights, free of charge passengers, landing fees, commissions, passengers transported, and freight moved.

Financial Reporting

Having all of your data in the Takeflite platform means you can generate financial data at the touch of a button, from high level summaries to line by line detail.

Takeflite Revenue Accounting caters for:

  • GAAP Accruals Accounting - GLCodes/Items for Payments, Deferred Revenue and Revenue
  • Revenue for Triangle Flights
  • Automated Accounts Receivable and Accounts Payable
  • Part Payments (multiple payments per booking)
  • Online PCIDSS credit card gateway processing and settlement
  • Swipe Card Readers
  • Taxes
  • Department of Transport Market/Segment reports (US market)
  • Non Revenue Management
  • Landing Charges
  • End of Day Reconciliation
  • Refunds/Cancellations/No-shows
  • Currency Converter
  • Concierge Commissions
  • Freight Collect/Airway Bills
  • Gift/Credit Voucher Management

Accounting Software Integration

Takeflite can generate your financial data for import into accounting software.

We use GAAP to manage financial reporting, and includes:

  • Accrual accounting using general ledger codes, including multi sector (triangle) flights
  • Part payments (multiple payments per booking)
  • Refunds, Cancellations, No Shows
  • Reconciliation data
  • Gift voucher or credit voucher management
  • Payments in multiple currencies

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