How money moves
EventLedger instructs and records activity on behalf of the client. Funds always sit in the client’s own bank accounts. EventLedger does not take custody, pool money, or settle through an EventLedger-owned balance.
Two different screens people mix up
Section titled “Two different screens people mix up”| Screen | What it does | What it does not do |
|---|---|---|
| Invoice Pay | Marks the vendor bill Paid in the books | Send ACH, print a check, or fire a wire |
| Bank Payments | Codes a bank debit (usually from the Mercury feed) to a vendor and GL | Originate a new payment from EventLedger |
| Bank Deposits | Codes a bank credit / deposit document to a payor and GL | Pull money in from a promoter |
The invoice payment-method field (Automatic Debit, Check, International Wire) is how you plan to pay from the client’s account. It is not a send button.
Mercury
Section titled “Mercury”Connected client bank accounts use Mercury as the source. Debits & Credits shows the feed; Quick sync pulls new lines. Coding those lines is how the books catch up to the bank.
Firm billing is separate
Section titled “Firm billing is separate”Settings → Billing charges the management firm for EventLedger seats. That is not client money and not an artist settlement.