With ongoing budgetary constraints on new information systems, airport financial management can be challenging. Keep reading to learn the 5 steps to streamline and operate your airport more efficiently.
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Airport accounting departments are typically asked to do the impossible: with ongoing budgetary constraints on new information systems, they nonetheless face increasing demand for information from management.
Often, it’s the basic accounting packages not designed specifically for airport financials, like Simply Accounting, QuickBooks or similar packages. These solutions are based on generic technology that do not include critical dimension functionality (a term we’ll discuss later in this article). Existing aeronautical billing systems or other central airport information systems are rarely integrated with the accounting system. Furthermore, these accounting systems probably don’t have the capability to store and cross-reference non-financial data — such as the number of landings or number of passengers.
Accounting staff are burdened every day with these challenges, struggling to prepare meaningful financial statements and reports that can be used by management to streamline and operate their airport more effectively.
Download the whitepaper to learn the steps to improve your airport financial management and what to look for in accounting system software for airports.
