As a large airline having two base airports and bringing in over 10mil each week i find it hard to remember and manage what cash i need to owe (Accounts Payable) in the next 5 years for such stuff as direct purchase of new aircraft, maintenance fee's (C & D Checks).
I could much better manage these issues if i could create my own separate accounts for cash and auto transfer (kinda like direct deposit). Just a separate cash account would do great then i wont have to worry about when my direct purchase aircraft is coming in. This would be beneficial.
Another thing that would be cool is an account linked to maintenance costs. So i put a certain percent automatically into this account each week and my large maintenance operations could be funded from there, just so i know how much i can spend basically.
An easier option might be an Accounts Payable part in the office that will have upcoming costs for next 3 to 5 years and the ability to "hold" cash for those items.
This would help me and would be more realistic becuase i highly doubt a large airline having only one bank account. it's not practical. :)
Scott
Royal British Airlines, Modern World #2; Manchester, London's Gatwick
Upcoming purchases wouldnt normally be done with an AP account. It would be done with a Capital Purchases account.
If you have a problem, you can always borrow against the plane you bought first.
Swarner, this is not a bad idea. Ive thought about something similar and it doesnt have to be complicated at all. Id like to just have two accounts to use to put away money for the future. Try the luck in the suggestions forum :)
thanks! yea i thought it would be a good organizational tool... :) and i wasn't aware of that account name type above. accounts payable sounds like what i thought but who knows.
Royal British Airlines
Manchester/ Gatwick, United Kingdom
Having a maintenance reserve "kitty" that you can put money in would be good. I know of some airlines doing it because by depositing the money in there, it doesn't count as profit so they can avoid more tax... and they will have the money in reserve for heavy checks.
This is a horrible idea. Is this not a management sim? We should all be doing our own management and not having someone else ( something else) do it for us. In 'my aircraft' we are able to use a maintainace view and are able to see upcoming C and D checks and should be able to budget from this how much will be needed during any time period. I myself print out these pages every Jan and subdivide by quarter for C checks to know if any quarter is heavy or light on checks thus knowing if I should save or can spend.
Quote from: psw231 on May 18, 2010, 05:53:28 PM
...how much will be needed during any time period...
Yeah then put it in the account... no big deal.
Just thinking off the top of my head, I think the game's fine as it is.