Superyacht Owners Accounting

Yacht Owners, Family Offices
and Owners Representatives

Helping you provide a better service cost-effectively

Correct us if we are wrong, but we have worked closely with a lot of yacht owners and have found that many of them suffer with one or more of the same issues:

  • They don’t know what is really being spent or what expenses are coming up
  • They are worried about whether they are compliant on the accounting/financial side
  • They don’t have the financial data to inform on big projects
  • They don’t know whether a yacht manager is cost-effective, especially when it comes to level of service

Whether you are plagued with the same dilemmas as other yacht owners or captains or you have different challenges, the solution always comes down to figures and having specialist knowledge of the tax and accounting world, and that’s where we come in.

At the end of the day, you don’t know what you don’t know, especially when it comes to tax and regulations across continents, so let us help you.

We are the Xero Cloud Accounting 
specialists in the maritime industry.

We can help you alleviate your bookkeeping burdens cost-effectively. We can help you get real-time data so that you always know what you’ve spent and what expenses are coming up. We can help you use your figures to make improvements and plan for the future.

Removing a yacht manager and expecting a captain to provide the level of service you want (while also doing all the accounts) won’t work. What will work, however, is a fully-functioning virtual finance department complete with the services of a virtual CFO. This is what will plug those financial gaps. This is how you can control costs while ensuring that your spending aligns with your ambitions.

Did you know that with the traditional accountancy model you are actually paying for the work to be done twice? With cloud accounting, it starts from getting the books right, the accounts structured right, and once that is done, with the touch of a button you, your VAT agents and your corporate service providers should be able to get the information you need.

We are talking about cloud accounting. With cloud accounting, you can always see up-to-date numbers and be in control. Combine this with an outsourced finance department, and you can also have access to a heavy hitting Finance Director on a part-time basis to provide business planning, calm guidance and oversight.

We have extensive experience of operating virtual finance departments for clients in the maritime industry, so whatever your requirements, we can create a bespoke package that suits your needs and budget.

Packages and Pricing

Packages

Di Capri
from £2,350/month

Ibiza
from £1500/month

Hercule
from £1,000/month

Standard financial operating procedures

Operating budget

Operational cashflow requests

Prepaid cards reconciliation

Quarterly standard management information

Quarterly meeting (virtual) with captain/purser

Monthly management information

Forecasts

Monthly meetings (virtual) with captain/purser

Bespoke management information

Unlimited meetings (virtual) with captain/purser

Yacht Sale/Purchase

Yacht ownership review

Virtual CFO/Finance department

from £3000/month

Addon Packages

Bookkeeping

Employment

Payroll

from £100/month

(based on 100 sales/purchase transactions)

from £250/crew

from £60/month

(per crew member)

Safety Management System

Value Added Tax (VAT) Services

Charter and APA Administration

from £500/month

Setup £250/month extra for max 3 months

from £200/month

from £200/month

Software subscription services

Bookkeeping/Accounting/Yacht and Safety Management

invoice at standard subscription rates of software provider