What Financial Reports Are Available At The Company 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 company level. To access these reports, click Financials at the top of you administrator dashboard and select a date range you'd like to review.

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

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

These reports will show how much your passengers have paid toward 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. 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.

6. Payout Reports

This will show your monthly payouts. These are broken down by the day you received the deposit in your bank account.

If you click on the date, you will see the payout summary by trip. This includes all payments made to the trip including trip protection payments and will show the GroupCollect fees.

7. Insurance Invoices

This report is your monthly fee for the traveler's trip protection cost. Trip Protection is initially paid to you by the traveler. You keep the commission on the trip protection and we invoice you for the remaining cost of the actual trip protection.

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.