Shared Boat Expense Tracking
Generally, boat owners and members encounter one of the biggest problems in tracking expenses and reconciling member payments. Hence, to keep a track record of the minor and major expenses associated with sharing a boat, Nautical Monkey has developed an expense tracker. Our boat sharing expense tracking system allows you to record and allocate expenses and track member payments and income to the partnership.
You can easily track various expenses for your boat partnership. You can also designate who paid the cost and how the cost should be divided among your members. Payments can be allocated to a single person, all members based on ownership percentage, or equally to all members.
What Can You Do with an Expense Tracker?
Boat admin can view all members’ expenses made for the boat. With an expense tracker, you can easily distribute the expense and manage the cost accordingly.
To maintain the boat and make the share boat management efficient, the expense tracker is a must. With our boat partnership expense tracking system, all partners can add their expense and allocate costs to other members as per the need.
Add Expenses
You can easily add a new expense in your boat management software. It also allows you to record who the payment was paid to, the category of the cost and who paid the expense. Moreover, the tracker automatically identifies commonly used vendors for quick entry next time.
Expense Allocation
You can easily allocate an expense between your partners or members with shared boat expense tracking. You can assign costs to the person who paid the expense from the bot partnership expense tracker based on owner or membership percentage.
Payments and Income
Boat partnership expense tracking system allows you to add member payments, late fees, and other income shared among other members.
Reports
It lets you generate custom reports according to a date range you select. Any information you develop, a running reconciliation amount is listed for everyone with the amount they owe each other.
Reconciliation
Here, members can add the expense amount, “paid by” and “paid to” information along with date and option to choose payment method. You can make your boat sharing and membership experience smooth and hassle-free with our boat expense tracker software.
Make your boat sharing boat ownership experience smooth and hassle-free with our boat sharing management software.