FINANCIAL MANAGEMENT
TAKING THE STRESS OUT OF
YACHT ACCOUNTING
A competent and responsible shore-based Yacht Finance Service frees captains and crew to concentrate on what they do best, sailing yachts and managing owners’ and guests’ expectations.
Account management can be an extra burden for crews and captains working with a busy schedule. Hundreds of financial transactions occur monthly, many in multiple currencies, all of which need to be processed, evaluated and recorded accurately.
A complete financial administration package tailored to your superyacht needs.
Preparing and advising on the annual operating budget, budget management, and financial statements. Going above and beyond, your dedicated financial administrator will maintain accurate and updated accounts while offering clear management of the financial budget.
Monthly, Annual and Quarterly Reporting
In the course of providing financial administration for yachts, we will deliver detailed, and fully categorized monthly / quarterly and annual reports. If there has been any significant deviation from the budget, an explanation will be provided.
Purchase Order, Invoice Verification and Payment
We process the purchase orders, validate the invoices, and issue the payment, while invoice origins, amounts, and payment speed determine which banking system is utilized to take advantage of the most efficient payment service.
Credit / Debit Cards
Captains and crew members are issued with debit cards for the operations day-to-day needs of yacht. We verify the use of the cards and reconcile the statements.
Crew Payroll
We manage all payroll in compliance with requirements of seafarer’s employment regulations and make the salary payments are made into crew accounts on the allotted day of each month payroll