Understanding the Difference Between Settlement and Finances

In Opendate, Settlement and Finance serve different purposes:

Section	Purpose	Data Source	Audience
Settlement	Tracks external, artist-facing financials	Pulls from Offers	Used for settlements shared with artists or agents
Finance	Tracks internal, venue-facing financials	Managed directly in Finances	Used for internal profit & loss reporting

The Settlement page pulls its data directly from your Offer.

Think of Settlement as your external financial view: the information you would share with an artist, agent, or tour manager.

Pulls in artist deal terms from the Offer (guarantee, versus percentage, etc.)
Includes gross ticket revenue and tickets sold
Shows artist expenses or payouts based on the agreed terms
Used to finalize and share the artist settlement sheet

The Finance section is designed for your internal accounting and P&L tracking.

This is where you’ll add any venue-side expenses or income that should appear in your internal reporting but not in the artist settlement.

Add line items such as:

These feed into your Profit & Loss (P&L) report. Your P&L will show:

Use both sections together for complete financial visibility:

This guide explains how the Finance section differs from the Settlement section in Opendate, and how each fits into your overall event accounting and reporting.