opencollective · cursor · Aug 16, 2026
diff --git a/advanced/ledger/individual-transactions.md b/advanced/ledger/individual-transactions.md
@@ -56,8 +56,9 @@ Each transaction is of a single “kind.” The following are the "kinds" of tra
 | HOST\_FEE\_SHARE                 | Records a revenue share passed to the platform in relation to either a CONTRIBUTION or ADDED\_FUNDS                                                                                 |
 | HOST\_FEE\_SHARE\_DEBT           | Records a debt to the platform due to a HOST\_FEE\_SHARE that has not been transferred to the platform.                                                                             |
 | EXPENSE                          | Records an expense made through the platform.                                                                                                                                       |
-| PLATFORM\_TIP                    | Records a platform tip added by a contributor to their contribution.                                                                                                                |
+| PLATFORM\_TIP                    | Records a platform tip added by a contributor to their contribution. On Fiscal Host accounts, also records tips collected on the internal Platform Tips child account (money owed to the platform). |
 | PLATFORM\_TIP\_DEBT              | Records a debt to the platform due to a PLATFORM\_TIP that has not been transferred to the platform.                                                                                |
+| APPLICATION\_FEE                 | Records an internal transfer of platform revenue between a Fiscal Host and the platform (for example, when platform tips or host fee share are settled). Only appears on host-side accounts. |
 | PAYMENT\_PROCESSOR\_COVER        | Records payment processor fees that are covered by a fiscal host when a transaction is refunded (the payment processor do not refund the fees related to the original transaction). |
 | PAYMENT\_PROCESSOR\_DISPUTE\_FEE | Records a fee paid by fiscal host when a contribution is disputed through a payment processor (dispute fees are charged regardless of dispute outcome).                             |
 | BALANCE\_TRANSFER                | Usually done when emptying balance (Collective to Host, Project or Event to Collective). Or in some cases, moving balance between Fiscal Hosts.                                     |

diff --git a/advanced/ledger/ledger-changelog.md b/advanced/ledger/ledger-changelog.md
@@ -6,6 +6,17 @@ description: >-
 
 # Ledger Changelog
 
+## August 2026: Cleaner Fiscal Host public profiles
+
+On Fiscal Host public profile pages, the Budget and Transactions sections no longer show internal platform billing by default:
+
+* **Platform tip** transactions on the host's internal Platform Tips account
+* **Application fee** transactions between the host and the platform
+
+These flows are settled separately through [Platform Settlements](../../fiscal-hosts/platform-settlements.md) and are not part of the host's activity with hosted collectives.
+
+Fiscal Host admins can still view them in **Dashboard > Transactions** using the **Kind** filter. Dashboard exports and the API are unchanged. Contributors and other account types still see their own platform tip transactions in the default view.
+
 ## January 2024: Separate payment processor fees and taxes&#x20;
 
 _From January 2024 payment processor fees and taxes were separated from the transaction record in the ledger._ <br>

diff --git a/advanced/ledger/viewing-transactions.md b/advanced/ledger/viewing-transactions.md
@@ -80,3 +80,18 @@ Head to the [Exporting Transactions](exporting-transactions.md) section to find
 Transactions for hosted collectives are included in the 'All' transactions view. You can use the tabs to only view transactions from the hosted Collectives or the Fiscal Host.
 
 We have removed [expected funds](../../fiscal-hosts/receiving-money/expected-funds.md) in this view, but these can be found in the Contributions section.
+
+### Public profile vs. Dashboard
+
+On a Fiscal Host's **public profile page**, the Budget and Transactions sections focus on the host's own financial activity with hosted collectives. Internal platform billing flows are hidden from the default view:
+
+* **Platform tip** transactions on the host's internal Platform Tips account (tips collected on behalf of the platform and remitted via [Platform Settlements](../../fiscal-hosts/platform-settlements.md))
+* **Application fee** transactions that move platform revenue between the host and the platform
+
+These transaction kinds are not part of the host's day-to-day activity with hosted collectives, so they no longer appear in the default Budget and Transactions sections on the public profile.
+
+To review them, open **Dashboard > Transactions** and use the **Kind** filter to include **Platform tip** or **Application fee**. CSV exports and the API are unchanged.
+
+{% hint style="info" %}
+On other account types, **Platform tip** transactions in the default view show tips that account gave to the platform (for example, tips added at checkout). Only Fiscal Host profiles hide platform tip transactions from the default public view.
+{% endhint %}
diff --git a/fiscal-hosts/platform-settlements.md b/fiscal-hosts/platform-settlements.md
@@ -27,3 +27,9 @@ When a payment with a tip goes through Stripe, the tip is automatically diverted
 Every month, the total amount of money owed from platform tips sent to the Fiscal Host through manual bank transfers and host fee share is calculated and submitted to the Fiscal Host as an expense. We refer to this total figure as the **Platform Settlement**.
 
 Platform Settlement Expenses will automatically appear once per month if any tips or host fee shares are due to be transferred to Open Collective. You can proceed to approve and pay it like any other expense including via card using Stripe.
+
+### Where to see platform tip activity
+
+Tips collected on your behalf are tracked on an internal Platform Tips account. These internal billing flows are hidden from the default Budget and Transactions sections on your Fiscal Host's public profile page, so visitors see your activity with hosted collectives rather than platform settlements.
+
+To review platform tip and application fee transactions, open **Dashboard > Transactions** and filter by **Kind**. See [Viewing Transactions](../advanced/ledger/viewing-transactions.md#public-profile-vs.-dashboard) for details.