Plain answers about profit splits, fees and what a payout actually pays you.
A payout is money you withdraw from a funded prop firm account. You request it from the firm, the firm reviews and processes it, and the money is then sent to you. Until it actually lands, it is pending money, not money you have.
The firm keeps a percentage of the profit you withdraw and you keep the rest. With an 80% split, withdrawing $5,000 of profit gives you $4,000 before any transfer fees. Split percentages vary by firm and plan, so check your firm's own rules.
Three things usually reduce it: the firm's share of the profit split, transfer or processing fees, and currency conversion if your account trades in dollars but you are paid in pounds, euros or another currency.
Yes, if you want to know your real profit. Evaluation, reset and subscription fees are money you paid out of pocket. Profit after costs is what you received minus those fees.
No. A $100,000 funded account is the firm's capital. Only profit you withdraw and actually receive is yours, which is why account size, pending payouts and received money should be kept apart.
It depends on the firm and the payment method. Record the date you requested it and the date it arrived, so you can see how long each firm really takes.
Record each request, its status and what actually arrived, in the currency it arrived in. Payout Ledger does this for you and keeps totals per currency, so dollars and pounds are never added together.