What Is the Difference Between Selling Price and Purchase Price in a Travel Booking File?

• Selling Price: This is the amount charged to the client for the service. It is used when generating the sales invoice for the client.
• Purchase Price: This is the amount paid to the supplier for the service. It is used when generating purchase invoices for suppliers.

The difference between the selling price and the purchase price represents your profit margin for each service. Always ensure each price is entered in the correct field to maintain accurate invoicing and account statements.