The Vessel Settlement module adds additional accounting features enabling auctioneers to produce comprehensive vessel and crew settlements.
With facilities to account for vessel share, crew share, crew bonus, voyage expenses, season expenses and direct expenses the Sea Compliance Vessel Settlement module provides an extensive account structure for managing vessel settlements.
The majority of vessel expenses are voyage expenses and entering them to the system is straightforward. Expenses can be entered in batches for a vessel or in batches by a vendor.
Defining a vessel's settlement structure is simplified with a drag and drop interface for expense allocation. The settlement configuration offers a wide scope to account for a variety of vessel settlement structures. Within the settlement configuration, vessel expense categories can be defined generally, or as specific as is necessary to meet your requirements.
01Comprehensive accounting facilities.
02*Support for the Inland Revenue's share fisherman deduction scheme.
03*Expenses can be assigned to individual crew members.
04*Extensive vessel cost structure and expense classification.
05Generate weekly reports for settling suppliers.
06Vessel expenses can be entered in batches by vessel or by vendor and assigned to vessels.
07Export vessel settlement reports in Microsoft Excel and Adobe PDF
*Features proposed for future releases.