Revenue split and settlement calculations

Purpose

1.1 Enable automatic calculation, allocation, and settlement of revenue shares between venue owners, event organizers, ticket vendors, and performers based on pre-set contracts, real-time ticket sales, and dynamic settlement rules.
1.2 Reduce manual intervention in complex revenue splits involving variable rates, tax deductions, promoter commissions, withholdings, advances, recoupables, and direct payments to stakeholders.
1.3 Ensure compliance by generating digital settlement records, payment requests, and audit trails, integrated with accounting ledgers and banking APIs.

Trigger Conditions

2.1 End of event sales period as notified by POS or ticketing system.
2.2 Receipt of cleared payments from payment processor.
2.3 Scheduled periodic settlements (daily, weekly, monthly, or custom).
2.4 On-demand request via dashboard or admin API.
2.5 Amendment or update of stakeholder contract terms.

Platform Variants

3.1 Stripe (Connect API)
- Feature/Setting: Use Connect Transfers to split and move revenue programmatically.
- Sample: Configure destination accounts and percentage-based rules in Transfer API calls.
3.2 PayPal (Payouts API)
- Feature/Setting: Initiate batch payouts to multiple recipients.
- Sample: Use /v1/payments/payouts endpoint with recipient email and split amounts.
3.3 QuickBooks Online (Accounting API)
- Feature/Setting: Create and post journal entries for each stakeholder split.
- Sample: Use /v3/company/{companyId}/journalentry for multi-line entries.
3.4 Xero (Accounting API)
- Feature/Setting: Automate invoice or bill creation reflecting splits.
- Sample: /api.xro/2.0/Invoices with itemized lines for each party.
3.5 SAP Business One (DI API)
- Feature/Setting: Automate allocation journal creation for settlements.
- Sample: Use JournalsService to automate postings per split agreement.
3.6 Oracle NetSuite (REST SuiteTalk API)
- Feature/Setting: Orchestrate intercompany settlements using JournalEntry endpoint.
- Sample: POST to /record/v1/journalEntry with linked accounts.
3.7 FreshBooks (API v2.1)
- Feature/Setting: Generate and email automated statements to stakeholders.
- Sample: Use /v2.1/accounting/account/{account_id}/invoices/invoices.
3.8 Zoho Books (API)
- Feature/Setting: Automate credit note and split deposit entries.
- Sample: /invoices, /bankaccounts with structured payloads.
3.9 Braintree (Marketplace API)
- Feature/Setting: Disburse funds to sub-merchants according to shares.
- Sample: Create Transaction with service_fee_amount for splits.
3.10 Sage Intacct (Web Services API)
- Feature/Setting: Manage distributing funds via the GLBatch operation.
- Sample: POST to create_glbatch with breakdown by dimension.
3.11 Square (Orders & Payments API)
- Feature/Setting: Automate order revenue splitting and settlement.
- Sample: Use CreateOrder and Payments endpoints with splitting rules.
3.12 Plaid (Auth/Transfer API)
- Feature/Setting: Automate ACH transfers for settlement payouts.
- Sample: /transfer/create with destination account and split amounts.
3.13 Wise (Batch Payout API)
- Feature/Setting: International bulk bank transfers by stakeholder.
- Sample: /v1/batches with row per recipient and currency.
3.14 Adyen (MarketPay API)
- Feature/Setting: Revenue split configuration for marketplaces.
- Sample: /splitPayment endpoint with percentage-based config.
3.15 Gusto (Contractor Payments API)
- Feature/Setting: Direct deposit of settlements to contractors/artists.
- Sample: /v1/contractor_payments/pay endpoint per individual.
3.16 Microsoft Dynamics 365 Business Central (Financials API)
- Feature/Setting: Create direct ledger entries for each entity split.
- Sample: POST /journalLines endpoint with stakeholder allocations.
3.17 Intuit Mint (Transactions API)
- Feature/Setting: Notify or log transactions for personal splits.
- Sample: /v1/transactions endpoint for all participants.
3.18 Bill.com (API)
- Feature/Setting: Automate bill creation and payment initiation per stakeholder.
- Sample: POST /bills and /payments with split values.
3.19 GCP Cloud Functions (Trigger Functions)
- Feature/Setting: Trigger calculation with event-driven serverless functions.
- Sample: Deploy splitRevenueCalc function on new payment event.
3.20 AWS Lambda (Processing Handler)
- Feature/Setting: Compute and dispatch settlement jobs from sales data.
- Sample: Deploy lambda handler; trigger via S3 or API Gateway.

Benefits

4.1 Reduces manual workload and risk of calculation errors.
4.2 Enables timely, transparent, and compliant payouts to all stakeholders.
4.3 Synchronizes real-time payment, accounting, and contract terms.
4.4 Scales effortlessly to multiple stakeholders and dynamic contract logic.
4.5 Provides digital audit trails for all settlements and splits.