Aviation


In 2023, we undertook the challenge of taking on the accounting for the companies in the group the aviation operator Fly2Sky, which offers the service of aircraft and crew leasing, known also as wet leasing.

In the process of our collaboration and work together, we acquired a detailed understanding of the business, its organization, and the specifics of its accounting and tax treatment.

The aircraft and crew leasing service (ACMI) has several primary components:

  • A – Aircraft
  • C – Crew
  • M – Maintenance
  • I – Insurance

Each and every one of these components of the зиспе cost has its own specifics and peculiarities, both in terms of accounting and tax treatment.

In the company, we worked with Microsoft Dynamics/Business Central. Working with such software has allowed for additional integration and optimization of  the accounting processes.

Our experience in the aviation sector is extremely valuable due to the fact that outsourced accounting services are rarely utilized in this type of business.

„It is with great pleasure that we recommend the Elvada Accounting Company, which has been providing accounting services to the Fly2Sky group of companies for the past two years.

During this period, The Elvada Accounting Company has provided us with an unparalleled and exceptional service, demonstrating professionalism, attention to detail and a deep understanding of our accounting needs and requirements. Their professional expertise has significantly contributed to the financial precision and regulatory compliance of the companies from our group.

 I would like to express our sincere gratitude and acknowledgment to Ms Elena Rusinova, Owner and Managing Director of the Elvada Accounting Company, for her exceptional support and dedication. Her leadership and personal involvement ensured that our expectations were not only met but often exceeded.

On the basis of our experience, I would not hesitate to recommend the Elvada Accounting Company to any organisation seeking reliable and professional accounting services.“

Sheriff Paduvil

Vice President of Finance

The Elvada Accounting Company has extensive experience in working with manufacturing and production companies. Among our clients there are large manufacturing enterprises that produce wooden pallets, steel elements and components, agricultural products, and more.

The Elvada Accounting Company has long-standing experience in accounting reporting of construction companies and companies that perform construction and installation works.

The Elvada Accounting Company has also experience in accounting reporting for companies in the IT, software development, and consulting services sectors.

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