Financial statements on aircraft operation
As a management company, BJET does separate bookkeeping for each aircraft it manages, which reflects all financial activities related to aircraft operation directly or indirectly. The finance department receives all invoices, reviews them, enters into the appropriate data register and analyzes for validity, justification of expenses and statistics. At the end of the reporting period, the owner receives a comprehensive report detailing all the expenses related to aircraft operation, with all invoices and other documents confirming the expenses attached to the report, as well as a table of annual and monthly expenses broken down by expenditure items.
The financial statements may be provided at any time in full to the owner or their representatives for audit and conformance verification through documentary evidence (copies of receipts, invoices, extracts, etc.). Statistical reports allow for comprehensive analysis of the company’s activities and expenses. Optionally, you can get a complete operation analysis for a year, six months, or a month, analyze direct and fixed costs, calculate the average cost of a flight hour depending on average annual flight time, or check the cost of a particular flight. It is also possible to analyze the expenditure statistics by groups of expenditure categories (i.e. how much was spent on fuel, catering, etc.) and to determine the most costly items. BJET’s financial statements are aimed at ensuring full transparency of aircraft operation and obtaining an accurate perspective for the owner in order to analyze and map out future periods.