Accounting Features
Accounts
Manage all financial accounts, including bank, credit and cash accounts. Track transactions, check balances, and maintain accurate financial records. The software automatically records these expenses in a centralized system, providing real-time visibility into spending patterns.
Budgets
Control expenses and actual expenditures. Create, monitor, and adjust budgets for various aspects of yacht operations, for departments, projects, or time periods to ensure optimal financial management.
The software provides alerts and notifications when budgets are nearing their limits, helping users make informed financial decisions.
Budget (Month/Year)
Create monthly or yearly budgets to align financial goals with operational objectives. Monitor budget performance, track variances, and optimize resource allocation.
Set monthly or yearly budgets for various departments, projects, or expense categories for cost control and easy financial management.
Budget Categories
Categorize budget allocations based on specific expense categories such as maintenance, crew salaries, fuel, supplies and more. Gain visibility into spending patterns and identify areas for cost savings and improvements.
Departments
Organize financial activities and transactions by departments within the yacht business, such as deck, engineering, management, crew and more. Allocate budgets, track expenses, and generate department-specific reports for enhanced financial oversight.
Suppliers
Create a list of suppliers within the software. Maintain supplier profiles, and track purchases, invoices and payment processes.
Invoices
Create and manage invoices list for expenses with details such as bank account, currency, dates, invoice number, bank fees, budget allocation, supplier information, and more. Customize invoice templates, track invoice status, and upload files such as proof of payment.
Purchases
The purchases feature enables tracking of cash and card expenditures made by the captain. Manage all expenses, documents and all paid purchases.
Transactions
Record and track all financial transactions, including income, expenses, and transfers. Maintain a complete audit trail of financial activities for transparency, compliance, and accountability purposes.
Fund Requests
This feature enables users to request funds for various Yacht needs and track their financial progress through an approvals protocol. Additionally, it is interlinked with payroll request in the crew management module and Purchase order/Work order from the technical management module, keeping all the Yacht expenses in the one place.
Approvals
This feature serves as a centralized place for managing invoices that are currently in the “in review” status, awaiting approval. In this section, you can perform actions related to invoice approval, purchase orders and payroll requests.
Reports
Generate financial reports according to date, period and categories and get an overview of all transactions including income statements, balance sheets, cash flow statements, and profit and loss statements. Gain insights into financial performance, and make data-driven decisions to optimize yacht operations.