Captains get rid of your paperwork and accounting hangover

Avaletta has launched a new online system created specifically for superyachts, which aims to make keeping on top of the yacht’s expenses, budgeting and accounting much easier than ever before. Avaletta was created by qualified accountants experienced in the superyacht industry, and designed to bring all your paperwork needs together into one online portal in order to have real time insights in your administration.

The system allows you to scan invoices, documents, purchase orders, payroll and other forms, uploading them directly to the yacht’s online portal, where you can also carry out online billing, payroll tracking, project administration and budget tracking. Once uploaded, our dedicated, qualified accountants are able to check them and produce real time reports, as well as contribute strategic insights on securing VAT-free purchases and meeting tax obligations if needed, investment opportunities and budget forecasts.

The system is already working well for the yachts who have jumped on board to work with Avaletta since its launch in spring 2017, with captains reporting cost and time savings of over 30% on their previous bookkeeping and accounting systems.

An app means captains, pursers or crew can scan receipts instantly to the software, while petty cash can be tracked easily, with thorough daily reports allowing reporting of expenses in real time. The features mean the captain is able to keep a running tally on the budget, with reports at their fingertips accurately demonstrating budgets and forecast across the yacht as a whole, and within projects onboard.

The innovative system delivers a streamlined accounting service to yachts, with features never before available in the industry, and direct, 24/7 online support from accounting specialists.