What Financial Reports Are Available At The Trip Level?
With GroupCollect Register, you're able to see financial reports on a company level or on a trip level. This article will go through each financial report you have access to on a trip level.
1. Income
Platform Income: Money that has been collected through platform payments, factoring in any refunds, convenience fees or ACH discounts.
Non-Platform Income: Money that has been collected through manual payments or bulk credits. Only money from approved bulk credits is shown.
2. Revenue & Expenses
This report is a projected number, you'll see it's broken down into trip revenue and non-trip revenue
Projected Trip Revenue
This report shows what you stand to make from trip-related items. These numbers change as passengers register and cancel, regardless of their actual payments.
Projected Non-Trip Revenue
This report shows what you stand to make from convenience fees. Trip protection is shown as both revenue and an expense here for accounting purposes.
3. Trip Protection
This report will show what your passengers have paid towards trip protection.
Projected Trip Protection Revenue
What you stand to make from trip protection. Factors in passengers who haven't purchased yet and cancelled travelers who will file claims.
Trip Protection Invoice Balance
What should appear on your next trip protection invoice from GroupCollect. If negative, you will be credited the amount.
4. Cash Flow
Total Income
Money you've collected from this trip so far (see the income report for details.)
Remaining Payments
Money you haven't collected from this trip yet. Includes both outstanding payments and expected future payments.
5. Trip Ledger
This reports show you every single charge or refund made towards the trip. You can see further detail in this report on an account level (i.e. account holders with multiple passengers) and on a per-passenger level.
6. Revenue Breakdown
This report show your the total count of packages and the costs. This will also show any additional fees to the trip including balance adjustments.
7. Payouts
This will show you a breakdown of the amount paid towards the trip from the total payout amount. You can click on the payout to be taken to your daily payouts.
8. Disputes
Disputed payments
Includes open, won, and lost disputes. You will see the dispute fees listed under the dispute expenses.
Dispute expenses
This section shows dispute fees expenses. Includes $15 fee per disputed payment + fees incurred from the dispute.
If you would like any further consultation on financial reports in GroupCollect Register please reach out to us at help@groupcollect.com or schedule a video conference HERE.