Airline Revenue Accounting
Revenue Accounting System
Benefits
- Immediate and significant cost savings due to the avoidance of headcount and overhead associated with supporting an in-house revenue accounting function.
- Access to KGD Systems' industry knowledge and revenue accounting expertise.
- There is no need for estimates or sampling. Revenue recognition is based on 100% actual fare values.
- Timely and comprehensive passenger and revenue statistics are readily available for market and yield management analysis, resulting in increased profitability.
- Increased revenue recovery and reduced exposure to fraud as a result of superior audit capabilities and 100% ticket use/match.
- Air traffic liability can be reconciled to the general ledger, down to the actual detail ticket level.
- Timely month-end closing and extensive financial reporting.