Accounting and Finance

We will account for every cent spent on your yacht

 

Accounting

  • The 3 Estimates Policy: AYA MARINE has a “three estimates policy” for each large expense that arises. Whenever possible, we will ensure that suppliers’ prices are competitive by obtaining at least three quotes and bidding them against each other.

  • Financial control, procedures, and reporting

  • Audit and control of all expenses, particularly those managed in cash

  • A dedicated bank account for your yacht only

  • Crew bank cards for heads of departments

  • Online banking access

  • Accounting for the boat

  • All invoices available online (stored in a secure cloud database) for review at any time

  • Budget production and approval, with a forecast of at least 3 months

  • Financial reports to be provided monthly and annually: Profit & Loss, Cash Flow, Budget (example in Appendix)

  • Bank and credit cards statements

  • Annual financial statements will be prepared and delivered in a timely fashion, ready for your Certified Accountant to file taxes (if applicable) under the law of the country in which the company is registered.

  • Financial audits to be conducted if requested by owner or authorities