Passenger Ticketing System Essay

PASSENGER TICKETING SYSTEM (PTS)

A passenger ticketing system (PTS) keeps track on passengers up to date information of their reservations, ongoing trips, their payment methods through financial accounting system, passengers boarding time, passengers arrival and departure time. This PTS system also keeps track on boardings of the vehicle departure and arrival time. PTS works as payment depositing and ticket printing machine, with all over accurate information for the passengers. A financial accounting instance of this system keeps track of the specified branch finances by recording and processing transactions. At the instance of such systems there is usually a general ledger, a facility for handling accounts payable and receivable, a payroll

Accounting Software allows you to record orders from passengers.

• Bookkeeping - Bookkeeping records the financial affairs of a venture.

What Are The Benefits of Accounting instance in PTS
• Cost - This instance reduces time spent by staff doing accounts, and reduce audit expenses as the system safeguards the accuracy of the data.
• Automatic Document Production - Additionally, it allows for fast and accurate invoicing, and fast production of documents, as reports can be drawn directly from software. All documents including invoices, credit notes, purchase orders, printing statements and payroll can be automatically generated, which streamlines the process which was once incredibly time-consuming when executed manually.
• Accuracy - PTS removes the risk of human error, as only one accounting entry is required as opposed to two or three when done manually.
• Up-To-Date Information - PTS is updated automatically, so account balances such as customer and client accounts are always up-to-date.
• Availability of Information - Information is instantly accessible on work systems, and is available to employees in different locations at the same