Funds Received Report
Funds Received Report
What It Does
The Funds Received Report provides a detailed financial breakdown of all money collected for a tournament, including buy-ins, rebuys, add-ons, fees, and all other revenue sources. This report creates a complete audit trail of tournament finances from collection to prize pool distribution.
Why It Matters
This report is critical for financial accountability, regulatory compliance, and tournament transparency. It ensures all funds are properly tracked, fees are correctly assessed, and prize pools are accurately calculated according to the tournament structure.
Accessing the Report
From the main menu, select Reports
Click on Tournament Reports
Select Funds Received Report
The report will display with your property logo and tournament details
Use the available print options as needed
Report Features
Tournament Header Information
The top section displays key tournament details:
Tournament name and date/time
Property logo and branding
Tournament identifier and session information
Tournament Buy-in Details
A comprehensive breakdown of entry costs:
Buy-in amount details
House fees collected
Service fees
Charity fees (if applicable)
Staff fees
Promotion fees
Bounty fees
Re-buy amounts
Total prize pool calculation
Funds Received Details
A parallel breakdown showing:
Total buy-in amounts collected
Rebuy revenue
Add-on revenue
Staff add-on amounts
Bonus amounts
All fee categories with counts and totals
Grand total of all funds received
Prize Pool Breakdown
Detailed analysis of how funds flow into the prize pool:
Prize pool before fees
Fee deductions by category
Total percentage fees
Prize pool after fees
Payout pool details
Guarantee coverage (if applicable)
Bounty and bonus allocations
Additional Fee Categories
Detailed breakdowns of:
Per entry fees
Optional fees
Fixed fees
Service charges
Staff fees
Promotion fees
How to Use This Report
Financial Reconciliation
Verify all collections match cash drawer counts
Reconcile total entries against financial totals
Confirm proper fee assessment and allocation
Document prize pool generation for payout verification
Regulatory Compliance
Maintain records of all funds collected
Document fee structure implementation
Verify proper prize pool allocation
Create audit trail for gaming authority review
Tournament Administration
Confirm prize pool before announcing final payouts
Verify guarantee coverage if applicable
Document financial aspects of tournament operation
Support payout procedures with accurate figures
Accounting Integration
Provide detailed breakdown for accounting department
Track revenue by category (house fees, service fees, etc.)
Document tournament profitability
Support tax reporting requirements
Best Practices
Immediate Verification: Generate this report as soon as registration closes
Financial Reconciliation: Cross-check against cash drawer and system entries
Documentation: Keep copies for tournament records and accounting
Director Review: Have tournament director verify all figures before finalizing payouts
Regulatory Compliance: Maintain copies for required compliance periods
Common Questions
Q: Why might there be a discrepancy between entry counts and financial totals? A: Check for complementary entries, tournament package redemptions, or entry recording errors.
Q: How are guarantees reflected in this report? A: If the prize pool from entries doesn't meet the guarantee, you'll see this reflected in the guarantee results section.
Q: How do bounty tournaments appear in this report? A: Bounty amounts are tracked separately in the bounty fees and bounty totals sections.
Q: What's the difference between house fees and service fees? A: House fees typically go to the venue, while service fees may cover specific tournament services like dealers or staff. Your specific definitions may vary.
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