How splits work
An allocation is the agreed split of a booking’s fee: who gets what, plus any GST and super on top. You build it on the booking’s Allocations and financials tab.
Each musician sees only their own figures by default. That’s their financial proposal, and they accept it in My money.
The order giggd works in
Section titled “The order giggd works in”- Start with the Venue fee excluding GST (AUD).
- Take out the management fee, if any. It’s always paid to the booking issuer.
- Take out any approved shared-pool reimbursements.
- What’s left is the distributable pool.
- Pay fixed amounts first.
- Split the remainder by weight or by percentage.
The whole pool must be allocated. If it’s overdrawn, or money is left unallocated, you can’t publish.
Allocation presets
Section titled “Allocation presets”Each performer gets one Allocation preset, plus a value in Amount, percentage or weight.
| Preset | Value | Use it for |
|---|---|---|
| Equal / remainder weight | A whole number, usually 1 |
Equal splits. Two people on weight 1 split the remainder 50/50. Weight 2 gets a double share. |
| Fixed amount (AUD) | Dollars, such as 300 or 300.50 |
A dep on a set fee. |
| Percentage of remainder | A percentage, such as 25 or 33.33 |
Agreed percentage cuts. They must total exactly 100%. |
You can mix fixed amounts with weights, or fixed amounts with percentages. You can’t mix weights with percentages in the same allocation.
Examples
Section titled “Examples”Equal split. $1,000 venue fee, no management fee, four musicians each on weight 1 = $250 each.
Fixed dep plus equal split. $1,200 venue fee. The dep is on Fixed amount (AUD) 300. Three members on weight 1 share the remaining $900 = $300 each.
Management fee. $2,000 venue fee with a 10% management fee ($200, paid to the issuer). Four musicians on weight 1 share $1,800 = $450 each.
Rounding
Section titled “Rounding”Money is worked out to the cent. When a split doesn’t divide evenly, each share is rounded down and the spare cents go one at a time to the people with the biggest remainders. $100 split three ways is $33.34, $33.33 and $33.33.
Percentages, such as management fees, GST and super, round half up to the nearest cent.