JMA offers innovative accounting system to aircraft owners

Jet Management Associates (JMA), a corporate aviation acquisitions and consulting firm has announced that it is now offering aviation operations accounting services developed around a proprietary accounting reporting product.

The product is designed to more efficiently report on aircraft operations and provide owners with actionable intelligence to help make better operational and financial decisions.

“All owners have different operational profiles—an owner that doesn’t fly often, doesn’t get the advantage of owning an aircraft with low DOC’s because his sunk costs, for example, pilots, hangar, insurance, etc., are a more significant portion of his entire aviation budget,” said Bill Candreva, director at JMA.

Candreva continues “Our proprietary accounting reports are transparent historical descriptions of where owners have spent their money, the performance of their aircraft, and the effect fuel, maintenance, and travel have on their overall operating budgets.”

JMA’s reporting comes standard with all of the expected financial statements and back-up information, as well as a host of customised reports relating to both operational and tax issues.