Home > Chartering > Profit Share
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To access the Profit Share form:
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Data entered in this form in the Estimate flows to the Voyage Fixture when fixed, and to the Voyage when scheduled.
To use the Profit Share functionality, an Operations Ledger line item must exist in the Data Center with the code PNLSHARE.
The Voyage P&L includes Profit Sharing (including voyage and time charter) and Net Voy Profit total rows, as well as Net Daily Profit (Loss) as a result of profit sharing, in the Estimated and Actual columns. When a Profit Share Distribution is created, the corresponding amounts appear in the Posted column.
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Voyage Profit Share in Monthly Closing Accruals
When running Monthly Accruals, by default, the Veson IMOS Platform prorates Lumpsum Profit Share based on the PRORATE accrual method: Voyage Days in Period / Total Voyage Days.
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| title | Related Configuration Flags |
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Name/Flag | Description |
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Voyage Profit Share Counterparty Address Types
CFGVoyProfitShareCounterpartyAddressTypes | Specifies the address types that can be selected as Counterparty of Profit Share invoices. To set this flag, enter a comma-separated list of Address Types (for example, O,C,W). | Enable Profit Sharing Constraints
CFGEnableProfitSharingConstraints | When enabled, additional constraints are available in voyage and TC profit-sharing agreements: P&L > Than, P&L < Than, Lumpsum Max, Lumpsum Min, Per Day Max, and Per Day Min. | Default Apply Other Rev Expense
CFGDefaultApplyOtherRevExp | Note: This flag should not be used if CFGAllocTCOMiscRevExpToPeriod is enabled. If the existing flag is already enabled, it will take precedence and setting CFGDefaultApplyOtherRevExp will have no effect. Disable CFGAllocTCOMiscRevExpToPeriod in order to use CFGDefaultApplyOtherRevExp. Setting this value determines the behavior of the Apply Other Revenues/Expenses to Period P&L calculation option. There are four possible values: PRORATE (default): Clears the check box by default; Lumpsum Other Revenues/Expenses are prorated based on voyage prorating logic: Voyage Days in Period / Total Voyage Days. If the check box is selected, the calculation logic for INVOICEDATE is applied. INVOICEDATE: Selects the check box by default; 100% of a Lumpsum Other Revenue/Expense amount is applied to P&L reporting period based on Invoice Date. TCOINVOICEDATE: Selects the check box by default; 100% of Lumpsum Other Revenue/Expense amounts is applied to P&L reporting period based on Invoice Date, only for TCO voyages. SERVICEDATE: Selects the check box by default; 100% of a Lumpsum Other Revenue/Expense amount is applied to P&L reporting period based on the service date of the Other Revenue/Expense invoice.
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