Home > Chartering > Profit Share
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On the Estimate column, Estimate details, or Voyage Fixture menu, click Profit Share.
On the Voyage Manager, click Other Rev/Exp ▼ and then click Profit Share.
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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.
For a Counterparty with the Internal check box selected on its Address Book entry, a mirrored transaction will be created and automatically posted for that Counterparty. The Business Rule for the mirrored invoice is Source PTSR and Code per the Profit Share codes: PNLSHAREL, PNLSHAREP, PNLSHARER, PNLSHAREW. The mirrored invoice cannot be reversed on its own, but will be reversed automatically if the parent invoice is reversed.
Defining Stepped Rates
You can define a series of profit ranges and the profit sharing rates that apply to each range.
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Set Type to Stepped Rate.
Right-click the line item and then click Stepped Rate Table.
Enter P&L Amount ranges, in order of lowest to highest, with Percentage rates. Profit sharing is calculated as the sum of P&L Amounts in each range.
Examples: When the Voyage P&L = −$1,500, profit sharing = (−$500 × 0.01) + (−$1,000 × 0.02). When the Voyage P&L = $1,500, profit sharing = ($1,000 × 0.02) + ($500 × 0.01).The profit sharing rate is 0.00 for P&L Amounts below the lowest value entered.
The profit sharing rate entered for the highest P&L Amount applies to all profit equal to or greater than that amount.
When P&L Amount Per Day is selected, the value entered in the P&L Amount column is compared to the average daily voyage P&L amount, rather than to the total voyage P&L amount, to determine the profit share percentage that applies.
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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