Owning and running a yacht comes with a myriad of expenses. The dollar amount yacht owners end up spending monthly can be quite considerable when you take into account all the different expenditures ranging from regular yacht maintenance schedules, daily yacht management services, and crew salaries to provisioning, laundry, and even flower arrangements.
All these expenses and little details can easily become overwhelming for a yacht owner or crew to keep track of and manage. That is why a budget and expense manager can become an important part of your team. As part of the financial management services were offer to our clients, Yacht Management South Florida, Inc. provides expense management for yachts.
At Yacht Management South Florida, Inc., our financial management team can serve as your vessel’s budget and expense manager. Like for any business, our team will deploy an expense management system to process, pay, and audit expenses incurred by your yacht and its crew. In order to provide quality expense management services, we offer complete transparency, consistent communication, and exceptional support to our clients.
Our yacht expense management services extend during off seasons and on season. Shore-based expenses can be different from the costs associated with taking a yacht on the water such as petty cash and foreign invoices. Whether you plan on cruising your vessel to multiple locales as a private yacht or you are running a yacht charter schedule, there will be costs to ensure the comfort of passengers and maintain the luxury of your yacht. Our travel and expense management team oversees both private and charter yachts.
Through our expense management system, we are able to process hundreds and even thousands of invoices for our clients across the globe. With multi-currency support, we are able to gather complex billing information from multiple sources into one place, making it easier to manage budgeting, inventory, assets, disputes, and auditing procedures.
Comprehensive invoice audits are an integral part of proper expense management for a yacht. At Yacht Management South Florida, Inc., we regularly audit invoices in order to identify anomalies and ensure contracts, rates, and discounts are honored. Our team can also efficiently and effectively resolve billing errors, credit issues, refunds, and other disputes.
The team of accredited accounting and financial management experts at Yacht Management South Florida, Inc. offers world-class support to our clients. We strive to become an extension of your vessel to deliver first-rate expense management services to both private yachts and charter yachts. Our budget and expense managers free up time so your crew can focus on their main responsibilities and you can focus on enjoying your yacht.
If you want to learn more about the financial and budget management services offered to clients signed up to our monthly management program, we’d love to talk with you. Contact us or give us a call today at (954) 941-6447 to schedule a consultation!