SkyLedger Revenue Accounting
Growing carriers need advanced tools that can keep pace with their business needs. SkyLedger helps carriers by providing advanced capabilities to capture, track and report on revenue information and perform the full spectrum of revenue accounting activities. In one complete package SkyLedger provides accounting controls and comprehensive revenue information to help your company become a high-performance business.
Accounting, Reconciliation and Settlement Made Easy
Navitaire’s SkyLedger is an integrated revenue accounting system. It offers many of the tools and controls of more costly, custom systems in a flexible and cost-effective package. SkyLedger provides powerful reporting and audit trail capabilities, enabling full reconciliation between booking and general ledger transactions. It supports reconciliation with settlement providers (ASP, BSP), as well as interlining (IDEC.) The browser-based system is intuitive and easy-to-use, and it’s fully integrated with New Skies, Navitaire’s hosted reservation system.
Know Your Revenues with Advanced Capabilities
Benefits
- Automatically translate all reservation activity that generates a financial booking change into accounting entries
- Easily access detailed financial data and reports — in near real-time — to make faster, better-informed decisions
- Increase the confidence and timeliness of your financial reporting with SkyLedger’s comprehensive audit trail
- Accounting controls aid help support carrier compliance with key financial reporting requirements
- Manage bi-directional codeshare and interline settlement with ease
- Leverage integrated reporting with other Navitaire products through Navitaire Reporting 2.0
- Improve revenue integrity by reporting on disparities in reservations values and ASP/BSP reported values for sales transactions
Features
Accounting Control Features
- Captures financial events from Navitaire’s reservation system activity and relates to the relevant financial accounting period
- Verifies financial activity related to the life of each booking with the integrated accounting period
- Maps accounting events to specified general ledger accounts
- Supports simultaneous posting to two open accounting periods (current and future)
- Supports interline settlement for interline and codeshare bookings
- Intuitive interfaces for account mapping, company account center maintenance, and journal entry maintenance and approval
Detailed Data Features
- Historical booking activity database houses a separate booking version whenever a financial change occurs, providing a detailed audit trail
- Financial audit trail provided for each accounting entry down to the specific transaction event detail
- Accounting details database stores data for each financial transaction associated with bookings, vouchers, credit shells and other accounting details
- Financial detail stored in designated host currency with access to the original sales currency amounts
Reporting Features
- Easy-to-use, web-based reporting tool allows users to access activities data with different views
- Reports for critical accounting events available in text, PDF, Excel or Access
- Extensive set of accounting, revenue and business reports