Accounting & Bookkeeping ยท KBLI 51200

Cargo Airline Accounting

Dedicated cargo airlines operate freighter aircraft with unique accounting: freighter conversion cost capitalization, per-flight cargo revenue, and express/priority service differentiation. Arunika Consulting helps cargo airlines prepare compliant accounting books.

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What usually goes wrong

  • Freighter Conversion Accounting

    Passenger aircraft (B737/B767) converted to freighter โ€” conversion costs must be capitalized separately.

  • Cargo Product Differentiation

    Revenue from general cargo, express, special cargo, and charters must be separated.

What we do

  1. 01

    Freighter Asset Accounting

    Conversion cost capitalization (cargo door, floor strengthening) depreciated separately from airframe.

    • Accurate conversion cost

Related regulations

  • PSAK 73

    Leases

    Dedicated freighter aircraft lease accounting

  • PSAK 72

    Revenue

    Air freight and charter services revenue

  • PSAK 16

    Fixed Assets

    Passenger-to-freighter conversion cost capitalization

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 passenger-to-freighter conversion cost accounted for?

Passenger aircraft converted to BCF with $3-6M cost. Conversion cost capitalized as separate component from airframe, depreciated over remaining aircraft life. Removed passenger interior value credited against conversion cost.

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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