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.
Compliance Warning
This industry is considered high risk and may receive closer attention from tax authorities. Professional tax consultation is strongly recommended.
Common Challenges
Vessel Depreciation
20-25 year life with scrap value estimation.
Charter Accounting
Time vs bareboat vs voyage charter — different treatments.
Dry-Docking
Every 2.5-5 years at $500K-2M per docking.
Our Solutions
Component Depreciation
Hull, engine, nav equipment separately.
- Accurate
Charter Revenue
Per charter type recognition.
- Correct revenue
Related Tax 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
Need Help with Shipping Accounting?
Consult your bookkeeping and tax needs with our professional team. Free initial consultation.
Free Consultation via WhatsAppShipping Accounting Consulting Services Across Indonesia
We support clients in major Indonesian cities. Find a location-specific service page for your area.
Bali
Banten
Daerah Istimewa Yogyakarta
Jawa Tengah
Jawa Timur
Kalimantan Barat
Kalimantan Selatan
Kalimantan Timur
Kepulauan Riau
Riau
Sulawesi Selatan
Sulawesi Tengah
Sulawesi Tenggara
Sulawesi Utara
Sumatera Utara
Sumatra Selatan
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 by qualified accounting professionals with clear documentation and traceable transaction data.
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