There’s no question every travel company – from travel agency to travel management company (TMC); tour operator to destinationmanagement company (DMC) –has financial statements produced by its travel management software system. Whether for viewing monthly/annual financial results, meeting shareholder requirements or complying with bank requirements, financial statements are a fixture in the business world. However, many travel company owners and managers don’t know how to read this financial information; some rely on accountants or advisors to explain the numbers; others just don’t really use the information at all.
