Accounting and Budget Management

Prime Yacht undertakes all yacht accounting and yacht budget management for yacht owners. Yachts can be considered as small businesses. As in all businesses, expenses of yachts must be followed. Accounting and budget management enables tracking of annual yacht expenditures with all details.

All yacht-related purchasing orders can be tracked with accounting management. If the yacht refills the fuel, this fuel is recorded to accounting book.  Repair and maintenance expenses are recorded to accounting book. All these records are presented to yacht owner in weekly, monthly and annual basis.

Expense Management

In fact, expense management is considered under budget management. Prime Yacht works with the best accountants in the yacht industry. Accountants who are experts in yachting records all expenses in detail.

When expense management plan is prepared, the annual budget predicted by the captain is communicated to the yacht owner. When yacht owner approves the recommended budget, annual yacht budget is allocated. This budget includes annual painting, maintenance, repair and carpentry expenses.

Prime Yacht relies on transparency for budget calculation. All expense items are reported to the yacht owner with details and explanations. As in businesses, yacht owner can easily see all expenditures. Budget management is conducted by experts in accounting.

Yacht Budget Management

All yacht-related expenses are managed under yacht budget management. These expenses include credit card given to the captain for daily payments. Credit card expenses given to the captain are analysed and reported in detail. When needed, debit card can be given instead of a credit card. All transactions with debit card and credit card are daily checked online. In case of an undesired event, budget management team will immediately intervene.

Prime Yacht completes the entire budget management of the yacht. Budget management divides all expenses into categories. Thus, yacht owner can easily track how much is spent in which category. Also, cash is stored in yacht safe for emergency cases.