IAMI Guest: Yacht Accounting, Bookkeeping & Budgeting

IAMI GUEST: Yacht Accounting, Bookkeeping & Budgeting

Master the essentials of yacht finances – from bookkeeping and budgeting to purchase procedures and reporting.

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Course curriculum

1. How to use Thinkific
2. Course Overview and Essential Information
3. Guidelines to Submitting your Assignments
1. Roles and Responsibilities
2. Onboard Hierarchy
3. Shorebased Management
4. QUIZ: Roles, Hierarchy, and Shorebased management
1. Accounting Systems
2. Assets, Liabilities, Capital, Revenue and Expenses
3. Onboard Bookkeeping
4. Cash Accounts and Processes
5. Cash to Master
6. Day Book, Cash Book and Journals
7. Receipt numbering and data entry
8. Quiz: Accounting Principles
1. Purchase Procedures
2. Managing Invoices and Payments
3. Managing Suppliers & Deliveries
4. Module 3 Quiz
1. Review Module 1-3
1. Budget Account Categories & Receipts
2. Multiple Currencies
3. Reconciling Cash & Bank Statements
4. Credit and Debit Cards
5. Supplier Accounts
6. Quiz: Account Plans and Reconciliations
1. Rolling and Static Budgets
2. Financial Planning Systems & Budgets Quiz
1. VAT in The EU
2. Vat Parameters
3. Commercial Vessels within the EU
4. Private Vessels Entering the EU
5. Quiz: VAT & VAT Systems
1. Review Module 4-6
1. MYBA Agreement
2. Eastern Mediterranean Terms (Turkey)
3. Greek Terms
4. Gulet Terms (Turkey)
5. Caribbean Terms
6. Operational Costs, APA & VAT
7. Quiz: Charter Expenses, Operational Costs, APA & VAT
1. Keeping Records of Charter Activities
2. Initial Set Up, Preferences, Provisioning and Flowers
3. Gratuities
4. Yacht & Tender Fuel, Port Fees, Transportation
5. Managing Charter Accounts Quiz
1. Planning & Budgeting for Port Calls
2. VAT Implications
1. Zoom Call Q&A Session
1. Final Assignment

About this course

50 lessons
2.5 hours of video content
12 hours of trainer calls
5-week course, focusing on 2 modules per week

IAMI GUEST: Yacht Accounting, Bookkeeping & Budgeting

Course curriculum

Welcome to The Yacht Stew Academy

Module 1: Introduction to Yacht Accounting, Bookkeeping and Budgeting

Module 2: Basic Accounting Principles

Module 3: Purchase Procedures & Protocols

Trainer Review Call

Module 4: Account Plans and Reconciliations

Module 5: Financial Planning Systems & Budgets

Module 6: VAT & VAT Systems

Trainer Review Call

Module 7: Charter Expenses, Operational Costs, APA & VAT

Module 8: Managing Charter Accounts

Module 9: Budgeting for Port Calls & Cruising

Zoom Call Q&A Session

Final Assignment

About this course