Revenue accounting

Issue an invoice after purchases

After a successful purchase, our system will automatically issue an invoice to your customers from the organizer's online billing program. This form of invoicing is called enturested invoicing.

Invoices issued in this way are prepared in accordance with the tax rules of the organizer, so if the organizer is entitled to use any individual or more favorable form of taxation, they can apply those rules to products sold through the Cooltix system. The invoice issued after the purchase includes the full amount of the purchase, including the handling fee.

Accounting when using Cooltix payment service provider

An organizer can choose to use Cooltix’s payment provider to manage and process purchases, or to set up their own payment service. By default, the Cooltix payment service provider will be set up.

Revenue Management

The consideration for the purchases will be credited to Cooltix's technical account after a successful purchase, where they will be held as extraneous revenue until they are transfered to the organizer.

Allocation of revenue

When the incomes are paid out, the full value of the purchases will be paid out, decreased the Cooltix fee.

Cooltix fees invoices

We will issue an invoice for our fee, which does not require financial settlement, as this amount has no longer been transferred to the organizer.

Accounting when using your third party payment service provider

Revenue Management

The consideration for the purchases will be sent directly to the account provided by the organizer's payment service provider after the successful purchase, from which the organizer can initiate the transfer to a bank account specified by the organizer.

Allocation of revenue

During the allocation of revenues, the full value of the purchases, including the handling costs, is allocated. The earnings will be displayed in the payment service provider's account with the data provided by the customers.

Cooltix fees invoices

We will issue an invoice for our fee on a monthly basis, which must be paid by the Organizer with an 8-day payment deadline.