Finance Module | Bank Details, Tax Settings & Payout Setup Guide

This document explains how to set up and manage Finance settings on the Ticmint Partner Dashboard. Follow the steps below to configure bank details, tax settings, and finance attributes correctly.

1. Accessing the Finance Module

1. Log in to your Ticmint Partner Dashboard.

2. From the left-side navigation menu, click on Finance.

3. You will see three tabs:

   • Bank Details

   • Tax Settings

   • Finance Attributes

2. Bank Details

Purpose

Bank details are required to enable successful payouts for ticket sales made on Ticmint. Without valid bank information, organisers will not be able to receive settlement amounts for their events.

Providing accurate bank information ensures:

• Smooth and timely payouts

• Reduced chances of payment failure or delays

• Compliance with financial regulations

Steps to Add Bank Details

1. Navigate to Finance → Bank Details from the left-hand menu.

2. Click on Add Bank Account.

3. Select the Country where your bank account is registered.

Supported Countries & Account Types

Ticmint now supports country-based dynamic bank detail forms for:

• India

• United States (Savings & Checking Accounts)

• United Kingdom

• United Arab Emirates

• Cross-Border Accounts

Based on the selected country, the required banking fields will automatically update.

Fill in the Required Details

Country

Select the country where your bank account is registered. This helps Ticmint apply the correct banking and payout rules.

Currency

Choose the currency in which you wish to receive payouts. Payouts will be processed only in the selected currency.

Account Holder Name

Enter the name exactly as it appears in your bank records. This name will be used for payout verification and settlements.

Bank Name

Enter the full name of your bank. This helps route payments through the correct financial institution.

Branch Name

Specify the branch where your account is held, if applicable.

Account Number

Enter your bank account number carefully. This is the destination account for all payouts.

Confirm Account Number

Re-enter the account number to avoid typing errors. Both account numbers must match.

Dynamic Banking Fields (Based on Country)

Depending on the selected country, different banking fields will appear automatically.

IFSC Code (India)

The IFSC (Indian Financial System Code) is an 11-character code used to identify a specific bank branch in India. It is required for NEFT, RTGS, and IMPS transfers.

ACH Routing Number (United States)

The ACH Routing Number is a 9-digit code used for domestic bank transfers in the United States. It helps identify the bank responsible for processing payments.

Sort Code (United Kingdom)

The Sort Code is a 6-digit banking code used in the United Kingdom to identify banks and branches for domestic transfers.

SWIFT / BIC Code

The SWIFT/BIC code is an international bank identifier used for secure cross-border transactions.

IBAN Code

The IBAN (International Bank Account Number) is used for international bank transfers and helps uniquely identify accounts across countries.

Save Bank Account

After entering all required details, click Add to save your bank account.

3. Tax Settings

Purpose

Tax Settings allow organisers to apply region-specific taxes to ticket prices. These taxes are automatically calculated and added to the final ticket amount during checkout and reflected on invoices and receipts.

Configuring taxes correctly ensures:

• Legal compliance with government tax regulations

• Accurate invoicing for customers

• Transparent tax reporting

Steps to Add a Tax

1. Go to Finance → Tax Settings.

2. Click on Add Tax.

3. Enter the following details:

Country
Select the country where the event is being conducted (e.g., India). Tax rules are applied based on this selection.

Tax Label
Enter the name of the tax (e.g., GST). This label will appear on customer invoices and payment receipts.

Tax Rate (%)
Specify the tax percentage to be applied (e.g., 18%). The system will automatically calculate the tax amount on ticket sales.

4. Click Save to apply the tax.

Managing Taxes

All configured taxes will be listed on the Tax Settings page.

You can:

• Edit a tax to update its rate or label

• Delete a tax if it is no longer applicable

Note: Once applied, taxes are automatically included in ticket pricing and customer invoices.

4. Edit Tax

Steps to Edit an Existing Tax

1. Go to Finance → Tax Settings.

2. Click on the Edit (✏️) icon next to the tax you want to modify.

3. Update the required fields:

   • Country

   • Tax Label

   • Tax Rate (%)

4. Click Save to apply the changes.

5. Finance Attributes

Purpose

Finance Attributes are used to store financial and compliance-related identifiers required for invoicing, taxation, and regulatory reporting.

Common use cases include:

• GSTIN or VAT numbers

• PAN or business registration numbers

• Other government-mandated financial identifiers

Steps to Create a Finance Attribute

1. Navigate to Finance → Finance Attributes.

2. Click on Create Finance Attribute.

3. Enter the following details:

Attribute Name
Provide a clear name for the attribute (e.g., GSTIN).

Attribute Value
Enter the corresponding value exactly as mentioned on official documents.

4. Click Create to save the attribute.

Usage

Finance Attributes may be used for:

• Displaying legal information on invoices

• Internal finance and audit processes

• Ensuring compliance with local tax authorities

Ensure all attribute values are accurate and up to date.

6. Important Notes & Best Practices

• Ensure bank details are accurate to avoid payout failures.

• Taxes should comply with local government regulations.

• Finance attributes should match official documents.

• Any changes in financial details may take time to reflect in payouts.

7. Need Help?

If you face any issues while setting up Finance details:

• Recheck the entered information

• Clear browser cache and retry

• Contact Ticmint Support with screenshots and details