Wolcott & Associates, P.A.
Certified Public Accountants
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info@aviation-cpa.com 954.763.9363

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Fort Lauderdale:

5525 NW 15th Avenue
Suite 203
Fort Lauderdale, Florida 33309
Local: 954.763.9363
Fax: 954.467.8893

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Aircraft Financial Management

Our clients often rely on us to assist them in the day-to-day financial management of their busy aircraft. Such services include:

  • Vendor and supplier bill paying services
  • Crew payrolls, with quarterly and year-end IRS and Social Security Administration filings
  • Contract crew administration and year-end 1099's
  • Audit crew travel and expense reports
  • Monthly bank account reconciliations
  • Match and process supporting invoices to vendor statements for approval
  • Insure that bonuses and purchase incentives accrue to the owner
  • Provide cash-flow internal control
  • Manufacturer maintenance program reporting
  • Personal use of company aircraft reporting (SIFL - Standard Industry Fare Level)
  • Entertainment cost disallowance reporting
  • We are experienced with international flight operations, especially Latin America, Europe and The Middle East
  • Prepare monthly, quarterly or annual financial statements. Financial statements can include comparisons to budgets, forecasts, or industry average operating costs and expenses

We work in concert with the aircraft owner, flight crews and maintenance personnel to facilitate the smooth processing of invoices, vendor statements, crew payrolls and expense reports, repair orders, and bill-paying on a timely basis. We provide our aircraft financial management services in conjunction with the company's accounting department, providing timely reporting of aircraft and travel expenses for internal and external reporting.

Let us be your aircraft accounting department.