Accounting & Bookkeeping ยท KBLI 49420

Shipping Accounting

Shipping companies manage vessels worth millions with special accounting: vessel depreciation, charter hire, voyage freight revenue, and dry-docking provisions. Arunika Consulting helps shipping companies prepare compliant financial statements.

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What usually goes wrong

  • Vessel Depreciation

    20-25 year life with scrap value estimation.

  • Charter Accounting

    Time vs bareboat vs voyage charter โ€” different treatments.

  • Dry-Docking

    Every 2.5-5 years at $500K-2M per docking.

What we do

  1. 01

    Component Depreciation

    Hull, engine, nav equipment separately.

    • Accurate
  2. 02

    Charter Revenue

    Per charter type recognition.

    • Correct revenue

Related regulations

  • PSAK 16

    Fixed Assets

    Vessel capitalization and depreciation 20-25 years

  • PSAK 73

    Leases

    Bareboat, time, voyage charter accounting

  • PSAK 72

    Revenue

    Freight revenue under various shipping terms

If the tax office starts asking questions

The team that keeps your books and files your taxes also stays with you through an SP2DK, an audit, an objection and an appeal.

How we handle tax disputes

Frequently Asked Questions

How is vessel component depreciation done?

Hull 25 yrs, main engine 15-20 yrs, aux engine 10-15 yrs, nav/comms 7-10 yrs, dry-docking 2.5-5 yrs.

How do accounting services improve operating cost efficiency?

Accurate, timely financial reports help you spot cost leakage, monitor margins by product or service, and make data-based decisions.

Can financial reports be accessed in real time?

Yes. We use cloud accounting systems so you can monitor cash flow, profit and loss, and business performance from anywhere.

How do you ensure reports are ready for external audits or banks?

Reports are prepared with clear documentation and traceable transaction data.

Related Industries

Tell us about your business

Send your line of business, rough annual turnover, and what is going wrong. We reply on WhatsApp.

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