Boat Payout Reports
Steps to generate Boat Payout Reports:
Boat payout report is a financial statement that shows the money collected and disbursed for events during a time frame.
To create boat payout report the first step is to add various trip fee and payout labels
Go to Boat Reports >> Boat Payout Report
On this page you will see all the boats that are connected with your account.
You can create payout rules specific to each boat, like Bait, Port Fee, Association Fee etc. You can also add expenses like Squid, Sacks, Ice etc. pertaining to the time frame of the report.
Payment Basis settings:
Payment basis settings lets you configure theTaxes, Credit Card Processing Fee and Conv. Fee. You can choose to subtract these from the total amount received to arrive at the Payment Basis amount
From the Payment Basis amount, we deduct the Trip Fee like Bait, SAC, Port Fee etc to arrive at the amount payable to the Boat.
From the Payable amount to Boat, trip expenses are deducted like Sack/ Ice and Bait and Boat Held.
The Landing Fee is automatically calculated by the system as follows:
-For Bookings made by Landing 15%
-For Bookings by Boat 12%.
-(if your payout rates are different let us know to set them according to your numbers)
Currently there is an option in the standard charter bookings to mark as Booked by Landing or Booked by Boat.
Rest all bookings are marked as Booked by Landing by default.
Create Payout Rules: Every boat can have its own payout rules like how much is bait, taxes, slip fee etc.
The payout rules are divided into 4 section:
- Payment basis settings
- Expense labels
- Trip Fees
- Payout Fees
Expense labels
Expense labels are shown on the Events Page, and expenses pertaining to that event can be added through the Event’s Page. Expense labels that were created for boats are shown on the boat’s all events.
You will find Boat Held as a default Expense Label for each boat.
Trip Fee: These fees are deducted from the Charter Fee/ Ticket Fee
Payout Fee: These fees are deducted from the balance calculated after deducting all Trip fees
Generate Report
To generate a report click on the Create Report button and enter the period for which the report is required to be generated. Hand enter the various Payout Fee/ Expenses.
View Report
Click on the eyeball icon shown against each boat to see the report
In the above screen, date wise trips are shown for a boat, and by clicking on any date the individual booking for that date can be seen, see the screenshot below:
