The Effects Of Electronic Ticketing On Revenue Accounting
- Topics:
- Revenue Forecasting
- Tags:
- Accounting,
- Airline Industry,
- Electronic Data Systems Corp.,
- Finance,
- Financial Services,
- Operational Accounting,
- Revenue
- Source:
- Electronic Data Systems
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Overview: The airline industry continues to be plagued by spiraling costs, making cost-cutting a necessary survival tool. One sure method for airlines to realize cost savings is by increasing the use of electronic ticketing and phasing out paper tickets. Electronic ticketing not only cuts distribution costs, it also reduces back-office accounting work and the need for some support personnel. Revenue account support staff at some airlines has decreased by as much as 50 percent with the increase in automation and the use of electronic data. But whatever the savings, e-ticketing and data exchange are not the end of back-office accounting support. Staffing is still required to work exceptions in various areas of accounting, including interline settlements, travel agency audits, refund requests and fraud prevention.
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Format: PDF | Size: 131KB | Date: Aug 2006 | Pages: 8
