Sound familiar?
- The leaseback statement is a spreadsheet built at the end of the month from the school's flight log.
- Three partners share an aircraft, and nobody is sure who owes what for the annual.
- At tax time, nobody can say which flights were business and which were personal.
What you get
Leaseback statements
A leaseback organization links its aircraft to the school that flies them. Each month's statement is built from the school's flights on each aircraft, priced flat hourly, flat monthly or by tiers of monthly hours.
- Separate rates for staff and maintenance flights
- Generate, finalize and email statements as a PDF, on a billing day you choose
- A voided statement removes the school's matching expense too
Co-owned aircraft
Record an aircraft owned jointly and how its costs are split between the owners.
Business use and depreciation
Tag each flight business or personal, and have pilots tag it at check-in if you like. MACRS depreciation is worked out after Section 179 and bonus, and switches to the IRS straight-line method at 50% business use or less.
- An audit report for each tax year and aircraft
- Figures for your accountant to confirm; it is not tax advice
Every aircraft's numbers
Revenue, expenses and maintenance cost for each aircraft, and one screen with everything about it: status, what is next due, squawks, records, components and use.
- Expenses tagged to an aircraft, with a total for each
- Quick Reports for revenue against expenses and maintenance cost by aircraft
See how each part works
What it costs
Partnerships, business-use tracking and depreciation are in the standard plan at $15 per aircraft and $0.50 per active user a month. A leaseback organization that bills a school for its aircraft is on a separate plan we quote: ask us. Work out your price.
Questions
Who uses the leaseback side, the owner or the school?
The owner. A leaseback organization links its aircraft to the school that flies them, and builds each month's statement from the school's flights on those aircraft. The school sees the statement as an expense.
How are leaseback hours priced?
Flat hourly, a flat monthly fee, or tiers of monthly hours, with their own rates for staff and maintenance flights. Statements can be generated on a billing day you choose and emailed as a PDF.
Is the depreciation figure tax advice?
No. It works out business use and depreciation from your flights and the method you choose, and the audit report is for your accountant to check.
Can a statement be corrected after it is sent?
Yes. Void it and generate it again. Voiding also removes the matching expense from the school's side, so the two never disagree.
