Skip to content

Member balance

A member balance is the signed sum of every unpaid transaction on a member’s ledger. It is the one number that answers “what do I owe (or am I owed) in this syndicate right now?”

A cash call whose due date has not arrived is not part of it: the member’s share is not on the ledger until the due date, so it is shown separately as Not due yet and joins the balance when it is posted.

A positive balance means the member owes the syndicate money. A negative balance means the syndicate owes the member. Zero is zero. The figure is in the syndicate’s currency. Syndik8 does not add VAT to syndicate charges.

Each syndicate has its own balance. Balances on the home shell aggregates them across every syndicate you belong to.