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Financial Administration

BALANCING THE BOOKS

Fairport is here to provide the owner and captain the ease of personal accounting for the vessel with assistance in the day-to-day financial operations. Our team will 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 the 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 the owner and captain
  • Month-end accounting and auditing are performed
  • Quarterly and annual tax returns are provided
  • Financial forecasting and analysis is offered