Reserves Based on What? One question that is seldom addressed with reserves is what they are based on. If a marina has a large income from fuel sales, do we apply a percentage that includes them? Do we apply that percentage based on total fuel sales or just the gross margin? Since many marinas do not.
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Marina Reserves for Replacement – Part 1 of 2
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Posted by John Simpson
eserves for replacement, also referred to as a capital reserve, are monies set aside periodically to pay for replacement of short-lived items. For a marina, I've found that this is a particularly "sticky wicket" because the "one size fits all" model just doesn't work. Reserves as a Line Item 
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Read moreReconstructing Marina Operating Statements – Part 2 of 2
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Posted by John Simpson
So, how do we work our magic and reconstruct a marina's operating statement? Assuming we get the QuickBooks file, we start by copying/renaming it. Working with the copied version, we pour over each line item and see how it's categorized (never overwrite the original). We categorize according to a preset list we use internally that's.
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