Watermark tailor financial management to suit each Client’s expectations. The dedicated Watermark management team work closely with the Captain and the Client’s team to develop annual budgets for the safe operations of the yacht. We provide an experienced accountant...
Compile a meticulously planned Annual Operational Budget for the yacht, for review and approval from the Client.
Open yacht specific Bank Accounts and apply for debit and credit cards for the yacht and Captain / crew as required.
Make weekly Disbursement Payments of approved invoices provided for in the operational budget.
Reconcile all expenditure against bank activity, and thoroughly check all receipts.
Provide monthly and annual Financial Reports on expenditure, variations to budget and cash flow.
Coordinate acquisition of monthly Operational Funds in accordance with the approved budget.
Organise safe Transit of Funds to the yacht for routine or unexpected expenses.