How to Record Vessel Towage Services
Accounting for tug assistance required for maneuvering in tight channels or during engine failure scenarios.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Voyage Expenses - Towage | Debit | 8,200.00 | - |
| Accrued Port Costs | Credit | - | 8,200.00 |
💡 Accountant's Note
Towage is a direct voyage expense recognized when the service is rendered, often billed via the local port agent.
Practitioner & Systems Framework
💻 ERP Architecture
Record under specific voyage ID for accurate profitability analysis.
⚠️ Audit Flags
Towage costs significantly higher than port tariffs or previous calls.
📄 Required Documentation
Tug hire tickets signed by the Master and the agent's disbursement account (DA).
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