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Syndik8

Cash call

A cash call is the mechanism a syndicate uses to bill its equity members their proportional share of a one-off cost (an engine overhaul, hangar deposit, asset purchase) in a single step. The admin enters the title and total; Syndik8 splits the total across active equity members proportional to their shares and posts one ledger charge per member, all in the same transaction.

A cash call has three derived states the UI surfaces as a chip:

  • pending: no charges have been settled yet.
  • partial: at least one member has paid, but not all.
  • complete: every charge has a settlement.

The fourth state, cancelled, is set when an admin cancels the call before any payment lands. Cancellation marks every unpaid charge as voided; the ledger rows stay in place so the audit trail records “this member was billed X, then the call was cancelled at time Y”, but voided charges drop out of running balances and the member’s “open cash calls” card. Once any charge has been settled, cancellation is locked: admins use individual reversals to back out specific charges.

The split is frozen at the moment the call is issued. If a member’s shares change the next day, that doesn’t reshuffle charges already written. Each call is its own snapshot of the equity ledger as it stood at issue time.

The split uses pence-precision largest-remainder rounding: the total is divided in pence (or the equivalent minor unit), each member’s share is rounded down, and the spare pennies are handed out one each to the members with the largest fractional remainder. No member absorbs more than a single extra penny, and the per-member sum always equals the entered total exactly.

See also

Section titled “See also”