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
Standard financial operating procedures
Operational cashflow requests
Prepaid cards reconciliation
Quarterly standard management information
Quarterly meeting (virtual) with captain/purser
Monthly management information
Monthly meetings (virtual) with captain/purser
Bespoke management information
Unlimited meetings (virtual) with captain/purser
Yacht ownership review
Virtual CFO/Finance department
(based on 100 sales/purchase transactions)
(per crew member)
Safety Management System
Value Added Tax (VAT) Services
Charter and APA Administration
Setup £250/month extra for max 3 months
Software subscription services
Bookkeeping/Accounting/Yacht and Safety Management
invoice at standard subscription rates of software provider