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EAM 321 FINAL
Terms in this set (18)
The (total) dollar amount from tickets sold on a given day. These sales would include tickets sold for a performance on that day (same-day sales) and for all future performances.
PREVIOUS ADVANCE + WRAP FOR YESTERDAY - GROSS FOR PERFORMANCES YESTERDAY
The total dollar amount of all tickets sold for a given event/performance occurring in the future, regardless of when the sales were made.
Tracking actual attendance using "audit" stubs dropped in a box or the equivalent tracking
accomplished through scanning, check-ins, etc.
The total dollar amount of all tickets sold for a the performance, regardless of when the sales were made
is the holding of funds (often by a 3rd party) prior to closing a sale.
refers to unsold tickets once the performance has begun (and ticket sales suspended). These empty seats go "dead."
is what we call "manual" tickets sold for a performance after the performance has been"closed" or reconciled, when tickets may no longer be sold in the ticketing system for that performance. Generally accounted for on the next performance's statement.
A transaction reversal which results in a demand from the credit card issuer for the venue
to make good the loss on a fraudulent or disputed transaction.
point of sale
:Where the ticket was sold (phone, online, box office, etc.).
dressing the house
Distribution of ticketed seats in the venue in order to achieve a particular "look" or "feel" to the audience and/or the artists.
method of payment
Credit card, cash, check, company charge, etc.
Reconciliation of income/expesnses between: (a) venue & promoter/artist, (b) theatre &
production, (c) ticketing company & client, etc.
What allows you to accept credit cards as a form of payment, provided by your
bank or another provider which has agreements with the major card issuers (Visa, Mastercard, American
Express, Discover, etc.).
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Incremental budgeting builds off of the previous year/accounting period, etc
zero-based/zero sum budgeting
"Zero" starts from zero - a blank template
These account for unplanned circumstances or ongoing
maintenance, etc. 3 types mentioned: Capital, Operating, Programming
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