If you've asked yourself this question, then you're going to love Opendate's new Finance features! Watch the full demo from our webinar here:
With Opendate's newest features, you now have a P&L dashboard that shows a real time view of:
View a breakdown of income streams and expense line items, providing a detailed recap of what you thought would happen with estimates vs your actuals. All informations is driven off of Opendate's robust finance section where venues can input expected income and expenses. Opendate's rich integrations with Toast and Homebase for payroll offer data to make venue owners' lives easy and automated.
Within your event template, estimate a set of assumptions per event. Then, when you go to our venue's calendar, you can specify which template(s) apply to specific events. This template then drives incomes and assumptions without entering any data manually.
Opendate's new finance features also allow venue owners to estimate terms of a deposit. Specify whether the deposit is a % of the guarantee or a flat amount, as well as the due date. Then, back at the event's page in Opendate, teams can view Deposits in the new finance section and mark whether or not it is paid. When paid, Opendate moves this to settlement so it's accounted for correctly.