Split Plans let your school automatically divide ticket sales, concessions, and other event revenue between your accounts. For example, you can keep 50% in your school's main account and send 25% each to boys soccer and girls soccer.
After a plan is saved, it can be attached to events and revenue sources so the distribution happens automatically. You can save multiple plans, edit them anytime, and preview how a dollar amount would be split before you save.
Note: Before creating a Split Plan, the accounts you want to distribute funds to must already exist in your School. See the Accounts article for how to add them.
How Split Plans Work
In your school, you have multiple Accounts that hold balances for different purposes. You can have per-sport/activity accounts, concession accounts, etc. All accounts belong to the same Payee (your school).
A Split Plan sits between incoming revenue and your accounts. When revenue arrives under a plan, Bound moves the money across your accounts based on the rules you set: how much the source account retains and how much each destination account receives.
Create a Split Plan
From your school dashboard, go to Business (dollar sign icon).
In Business, click Accounts -> Split Plans.
Click the Add Split button in the top right corner.
Enter a Split Name and optionally, a Description.
Select a Payee. This will be the source account for the funds. Appears below the Payee field once it's selected.
Click Add Split.
Select an Account. This will be the account receiving funds.
Set the Retains percentage. This is the share of incoming revenue that stays at the source account before the rest is distributed.
In the Account card on the right, select a destination account from the dropdown. Each account is shown with its external ID (account code, GL code) in parentheses.
Set the Receives percentage for that account.
To add another destination account, click Add Split at the bottom of the source account's card. Repeat the Account + Receives selection for each additional account. Adjust the amount your Payee account Retains at any time.
10. Click Save Split Distribution Plan.
Note: The Retains percentage and all Receives percentages must total 100%. Bound will display an error message if your percentages do not total 100%
Edit or Review a Saved Plan
From the Splits page, click Edit (the pencil icon) on the plan you want to change. Update and/or add information and accounts.
Note: Avoid editing a split plan that's actively distributing revenue. Changes could route funds in ways you didn't intend. If you need to change an active split, it's recommended you create a new plan.
Previewing a Split Plan
Sample Calculation lets you see how a given dollar amount would be distributed under a split distribution plan. As you build the plan, enter a sample dollar amount and Bound will show how that amount would be distributed across the source account and each destination account based on the current rules.
Examples:
The preview is for planning only. It doesn't move any money or change account balances.
How Distribution Works
Bound applies the rules in a Split Plan in a specific order:
The Retains percentage stays at the source. Whatever percentage you set under Retains stays in the source account before any distribution happens.
Receives percentages divide the rest. Each destination account gets the percentage you set under Receives.
Leftover cents go to the largest remainders. Because cents can't always divide evenly by percentages, Bound assigns any leftover pennies to the accounts with the largest fractional shares. This keeps the distribution fair and the totals exact.
Note: Split Plans support "nested distributions." Inside any destination account's panel, you can click Add Split to further subdivide what that account receives. This is useful for plans that need a multi-level structure (for example, a single allocation to athletics that further splits among individual sports).