The Travel Agency Budget Template is a financial planning tool in MS Excel for a company providing services in traveling planning. The template is suitable for any type of a travel agency from a small and specialized to a multi-service company.
The functionality of the template makes it possible to keep a record of multiple types of services that are provided: airline tickets, hotels booking, cruises, educational trips and etc. You will be able to project revenue by service type and expenses associated with them, including a variable salary of sales personnel (% of sales), detailed breakdown of administrative expenses, taxes, financing expenses, etc.
The structure of the template consists of assumptions and projections for Profit and loss statement (P&L), Balance sheet (BS) and Cash flow statement (CF). It also provides detailed projections for different cost groups, e.g. payroll, rent, marketing expenses, and others. Detailed instructions for filling in the input data are given on each worksheet.
Functionality of the travel agency budget template:
-> separate Profit and Loss budget, Balance Sheet, and Cashflow budget;
-> detailed projection of sales by service type for each month;
-> separate salary accounting for administrative and sales staff;
-> plan a wide range your company's expenses, such as rent, utilities, marketing, IT;
-> projection of financial activities: bank loans and leasing, automatic calculation of all required payments;
-> detailed scheduling of investments in tangible and intangible assets and automatic calculation of depreciation;
-> graphical interpretation of the projected results from the perspective of cash flows: operational, investment, and financial.
The model is built in the way that minimum manual input is required, all necessary projections are calculated automatically. Hence, it will be possible to quickly analyze different scenarios and adjust the plans.