Vessel Accounting
Services

Our Vessel Accounting team provides specialized financial management solutions for the maritime industry, ensuring accurate reporting, cost control and financial transparency for shipowners and managers.

Daily Vessel Accounting

We manage day-to-day vessel financial transactions to maintain accurate records and operational visibility.

Services include:

  • Recording vessel-related transactions and operating expenses
  • Administration of port, technical and operational costs
  • Account verification and reconciliations
  • Maintaining accurate accounting records

Budget Monitoring & Cost Control

We support effective financial planning through continuous monitoring of vessel operating expenses.

Our services include:

  • OPEX monitoring and budget tracking
  • Variance analysis and cost reporting
  • Identification of cost-saving opportunities
  • Support for operational efficiency initiatives

Accruals & Financial Closings

We ensure accurate reporting through proper accrual management and timely financial closings.

This includes:

  • Monthly and yearly accrual reconciliations
  • Period-end accounting adjustments
  • Financial account reviews and reconciliations
  • Support for financial statement preparation

Vendor & Disbursement Management

We efficiently manage supplier payments and vessel disbursement accounts.

Services include:

  • Processing supplier invoices and payments
  • Management of port disbursement accounts (PDAs)
  • Verification of supporting documentation and approvals
  • Coordination with vendors and service providers

Financial Reporting & Cash Flow Monitoring

We provide transparent financial reporting and proactive cash flow support for vessel operations.

Reporting services include:

  • Periodic vessel financial reports and management summaries
  • Budget comparison and OPEX analysis
  • Monitoring vessel cash requirements and funding requests
  • Tracking operational payment obligations

Audit Support & System Integration

We maintain organized accounting documentation and utilize modern ERP systems to support compliance and efficiency.

Capabilities include:

  • Audit-ready accounting records and documentation
  • Support during internal and external audits
  • Integration with ERP and accounting platforms
  • Automated financial reporting and data analysis