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Financial Administration

BALANCING THE BOOKS

Provides the Owner and Captain the ease of personal accounting for the vessel with assistance in the day to day financial operations. Our team, here at Fairport work together with the Captain or Owners representative to create an annual operating budget. Once approved by the owner, this becomes the cornerstone to controlling expenses. Our team maintains a strong relationship with captain and crew.

  • Invoices are reviewed and approved before being paid
  • Onboard and shore accounts are synchronized using standard accounting practices
  • Budget reports are created and sent to owner and captain
  • Month end accounting and auditing
  • Quarterly and annual tax returns
  • Financial forecasting and analysis