Omega Accounting in my Business

This is a post about accounting (as in debits and credits, you know for the people at the party mildly more interesting than actuaries), so you have been warned.

Accounting for Monthly Omega Costs

If all i did was buy monthly Omega for each account = 500 Plex x 4.6 million = 2.3 billion then that would be easy to account for.  It would be a simple 2.3 billion per account per month.

Accounting for 12 month Omega

But, of course, myself and others wait for the deals and buy then.

In the most recent case i spent 56 billion isk to buy Omega for 4 accounts for 12 months.  This was a 20% saving on the normal 12 month price.

The question is how do i account for this?

I could take a 56 billion hit in one month and then enjoy the next 11 months with no Omega cost in my accounts.  That would be called cash accounting.

Or i could spread the 56 billion over 12 months for my 4 accounts = 1.2 billion per account each month.  That is called accrual accounting which is how most businesses would do it.

That makes more sense - it spreads the cost over the time it relates to and gives a better underlying view on how my business is doing.

It also demonstrates that i am effectively paying half the normal monthly price.

My Omega Accounts

I used to have 8 Omega accounts.

One was a project where i took an alpha account to Omega using trading, so once that was done i let it go back to Alpha.

One was a manufacturing account that i could not really get to work so it fell back to Alpha in June.

And another is an account with the three characters in Null / Low sec doing nothing, so i will let that revert to Alpha in July.

That will leave me with 5 Omega Accounts which retain their Omega status now until July to October 2027.

One account was already Omega'd until October 2027 (and, to be confusing and go against what i said above, i have fully paid that off), the other four were extended by 12 months to 2027 in the latest Omega deal.

Therefore, i will be booking a 4.7 billion Omega cost each month until July 2027.

Distributions made and the Distribution Policy

Distributions to Eve Content Creators made to date: 628 billion

Distribution Purpose

I plan to give ISK to content creators in Eve Online for them to do with it as they wish - anything from from buying Omega, giving away on streams and everything else.

I find there is no longer a "purpose" to watching my wealth rise like there was on the road to my first trillion.  Getting from 1 trillion to 2 trillion wealth was ok but not as fun as getting to 1 trillion.

I also find it sad that in World of War Craft i left the game with many millions in gold back over 10 years ago (when that was serious wealth).  I could have put it to great use.

Hence, i plan to give away all my wealth since July 2023 (the date of the first Oz Tank Show) which comes to 1.8 trillion.  From this i have already given away 628 billion.  Therefore i have 1.2 trillion more to give away.

Distribution Policy

My plan going forwards is to have 100 billion isk spare in my wallet, on top of isk in my manufacturing operation, for opportunities that come up and therefore i will distribute every surplus 50 billion - i.e. when if get to 175 billion isk in my wallet (and needed 25 billion in manufacturing) then i would distribute 50 billion.

Distributions made to date

So far i have given 628bn to Eve shows:

260 bn isk to the Oz Tank Show

142.5bn to The Oz Show

121bn to the twitch show TheOneAndOnlySidar

50bn to Gamingsincethe70s

20bn to the podcast Declarations of War to sponsor it.

20bn to Daddy Deep in Type-9 Industries for a project he has in mind.

13.2bn to the Nth_Dimensional Twitch show

1.6bn to the Raff_About_It Twitch show

Timing of Distributions

The chart below shows a reasonable frequency though technically i have only made 2 this year totalling 91 billion.

Profits are tight so far given higher competition but i aim to keep it up.  And so far the competition is lessening, so i should be able to make more over the summer.

And just the cumulative version showing the total distributions of 628 billion made to date.

Wealth if no distributions made

It is technical and nothing more but if i had not made any distributions my wealth would be 3 trillion by now.

2026 Aims - a review

It half year, so time to remind myself what my 2026 Aim were

The 2026 aims - isk making

Regional Trading: this will remain the core part of by business but i am thinking will become a lower proportion as other revenue streams expand.

Half year review: it has remained my core business but is still 90% if my business in terms of assets and profits

Manufacturing: i want to expand this into something more systematic rather than opportunistic.

Half year review: depressingly, no advance here.  I hope to have better news by the year end.

Seeding markets: This is all about creating new trade hubs.  i want to expand this.  When i get it right it works well.  When i get it wrong nothing happens.  It folds into Regional Trading quite well and so is an easy expansion to make.  I just need to find the markets to seed.

Half year review: good effort but results lacking.  Attempts to expand have been seen off by seeding venues being destroyed.  I hope to have better news by the year end.

Low Sec / Null sec: i want to do more here and i suspect market seeding and manufacturing will take me there

Half year review: nothing happened here.  I hope to have better news by the year end.

The 2026 aims - non-isk making

Alliance: operating on my own is fine but dull.  I may see if i can join an Alliance or some other social venture.  The huge advantage of operating on my own is that i don't need to make commitments to anyone other than myself.

Giving away ISK: this will continue, targeting content generators.  The aim is to give away all monthly profits (which are under pressure right now!).

Half year review: have given away 91 billion isk so far this year, being held back a bit by the low revenues so far this year.

The 2026 aims - Eve related

Fanfest: i am going to Fanfest for the first time to see what this is all about!

Half year review: done that.

London meetups: i will aim to attend these (i would have got to the last one but real life got in the way).

Half year review: i suspect i will be unable to go to the October meetup given i will be elsewhere.

alt R ceases to work

This happens to me on occasion.

Alt R opens the market window so you can imagine is one of the most frequent things i do.

And then it stops working.  And even starts doing something else.

In the most recent occasion i would get CPU/GPU stats up.

Why?

The overriding issue is that a new progam has taken over the "alt R" shortcut and so Eve Online does not get a look in edgeways.

How to resolve this

In my experience it has come down to one of two reasons.

1) Discord: 

This happened to me before, and was pretty annoying watching Discord pop up all the time.

click the gear icon for User Settings.

Then go to Game Overlay

and then turn off the Overlay feature

2) Nvidia:

This was the current reason.

Press the triangle symbol

And then the gear window

And then "Shortcuts"

And then go through the list below and delete the short cut that has alt R (or any shortcut that you use in Eve Online)

My Created Eve Online Music

So, i fear this is not a blog post on my business in Eve Online.

It is worse.

It is a post on the music i have created for myself to listen to.  I am using the word "created" here in the broadest possible sense.  AI pretty much did everything - the music, the lyrics, the singing and the artwork.  I created the song titles.

It is on spotify now.

I created 8 tracks - 5 with lyrics and 3 without.

42 minutes of your life you will never get back.

The music relates to me playing the market in Eve Online.  With some catchy titles like Regional Trading, Night Trading, Courier Contracts etc.

I hope you enjoy it.  Or at least remain alive after it!

Creation roadmap

I used suno.com to create the songs and then distrokid.com to distribute the music to platforms like spotify.

suno.com is where all the magic gets done.  All AI.  Very easy to use and a good learning curve (no sarcastic comments at the back there about me still on it!).  I chose the Premier Plan which is more than enough.  Once i got used to it i could create a track quite quickly.

As an aside - read across to the real world

This, i fear, is another example of AI disrupting an established industry.  You may think my music is not to your taste but i love it.  I doubt i will be listening to more music than normal and therefore me listening to my own music will displace me listening to other music and therefore take revenues away from legacy music creators.

Maybe by the time i add up how much is spend on suno and distrokid then it all nets off but the legacy music industry is still the loser here.

Great Omega Sale on the New Eden Store - i will go for the 12 months

As sure as night follows day after a real money sale comes the New Eden Store Sale.

And this one is a good sale.  Not the best ever - we once had bigger discounts - but very good nonetheless.

(the definitions of each column are below but it is mostly intuitive.)

As the Chart above shows, if you buy the 12 month deal, and assuming Plex costs 5.1 million, then you would spend 13.8 billion vs 30.6 billion if you just bought the Omega one month at a time (or 18.4 billion in the every day "sale" that is in the store for 12 months).

Buying the 12 month deal means you effectively get over 6 months for free vs buying 1 month Omega at a time. (see the explanations below).

Buying the 12 month deal means you are paying 1.2 billion per month vs the normal 2.6 billion if you bought Omega 1 month at a time.

It is all a bit of a no-brainer.

Almost . . . . . The final column "Monthly Breakeven Return" is explained below but effectively these deals only make sense if your business is unable to generate these monthly returns.  So, if your business generates a 15% return (on assets) each month then the 24 month Omega does not make sense, it would be better to buy 1 month Omega at a time and invest those billions into the business.

What am i going for?

I am going from 8 Omega Accounts to 5 as i have explained in this post.

And one of my Accounts is already Omega'd out to October 2027, something to do with being halfway through a cracking bottle of red wine when buying Omega last year.

So, that leaves 4 Accounts to deal with.

I don't really want to lock in for 24 months, there will always be a sale coming along.  So 12 feels a better idea.

So i will spend the cool 55 billion (4 x 13.8) to buy those Omega's tonight.

For the accountants / nerds out there, lets be careful

But, the calculation is not quite as simple as that, we must consider that we always have a "sale" and also that we are laying down several billion for a longer time period of Omega instead of investing those billions into our businesses and merely buying Omega  one month at a time.  In other words, we are forgoing revenues to buy Omega.

the rest of this is for accountants and nerds only, you have been warned . . . . 

The normal "sale"

There is always a sale going on for Omega.  The normal cost for 1 month of Omega is 500 Plex, 3 months is offered at 1200 Plex (vs the expected 1500 Plex), 6 months if 2100 Plex (vs the expected 3000 Plex), etc.

The table below shows the savings that can be acquired by buying longer term Omega:

Months = this shows the row data for 1 month Omega, 3, 6, 12 and 24

Normal Cost = in this case assuming Plex is 5.1 million cost and 500 plex needed for each month, so the cost for each period is number of months x 500 x 5.1 million

discount = this is the simple discount that the Plex actually required for each period gives vs the normal cost.  so for 3 months we need 1200 plex vs the 1500 that it would require of we bought 1 month 3 times, so a 20% discount.  The discount rises the longer the time period of Plex bought.

Offer Plex = This is the number of Plex required in the "sale" we get all the time in the New Eden Store

Actual Cost = This is the billions required to buy the Omega using the Plex required under the Offer column x the price of the plex.

Total Savings = Actual Cost - Normal Cost.  Simple savings calculation.

Monthly Saving = This takes the total savings and makes it on a per month basis which allows us to compare each time period.  The monthly saving rises with as the time period gets longer.

Total Return = Total Savings / Actual Cost.  A measure of the costs saved by buying that time period in the sale.

Months Saved = shows how many months therefore we have saved in the sale by taking part in the sale.  For example, the 24 month period shows that we would buy 6600 Plex vs the normal 24 x 500 = 12000.  That means we have saved 5400 Plex (12000-6600) which is the equivalent to 10.8 months (5400/500).  So for a 12 month Omega we save more than 6 months.  For a 24 month Omega we save 14 months.  In other words, we are effectively playing the game for free in those months.

Months bought = this is the period less the months saved.  In other words, looking at it from the point of view of how many additional months of Omega did we buy for free.

Simples.

Lets look at todays sale

Firstly, the discount has risen as we showed above.  That feeds through to better savings. etc.

But what i wanted to bring up here is the "Monthly Breakeven Return".  This measures how much my business would have to return each month to make it a better idea to stick with buying 1 month Omega rather than investing billions for a longer period Omega and forgoing the revenues / profits that those billions would have generated in my business.

For example, it would only make sense to buy a 12 month Omega if my business could not return 19.5% per month.  For the 24 month deal, it only makes sense if my business can not generate a 10% return.

This is important.  The 24 month Omega may look great but if your business generates more than 10% return per month then it is not such a good idea.

A Review of Manufacturing

For a long time i have tried to get into manufacturing and i can't really say i have made it work so far.

As the chart below shows, i have made 3 attempts to make it work:

1) 2021

2) 2022 - 2023

3) 2025 - 2026

I think to really make it work i need to be earning a consistent item profits of 8 billion per month from one account and therefore making 30 billion of sales.  That will allow me to cover all transaction taxes and broker fees and so leave enough to pay for Omega and invest into the manufacturing business.

A casual look at the chart below will show that this has never really occurred.

But, perhaps because i am part way through my bottle of wine, i will not be giving up.

My main problem is that i have not worked out a systematic process to go through like i have in my Regional Trading business.

And that is because i want to start at 100 miles per hour rather than right at the beginning.

Progress so far

Very opportunistic.  No real process.  There are some items i manufacture that no one else does in Jita.  They may sell, they may not.  No real sense of a constant asset generation.

The Plan going forwards

I am noticing some items in the Regional Trade Hubs that are not being sold that i could manufacture, including the station i am seeding in Kihtaled.

The second thing i will do is try and explore this whole contract market for selling hulls.

What i should do is start from the beginning and pretend i know nothing about manufacturing and therefore allow my skills and understanding to build up over time.  But lets leave that idea on the back burning for now.

The Fall of UAJ5-K = 105 billion Sell Orders into Asset Safety = 30 billion cost to me

This post is a bit out of date but worth talking about.

The summary is that a station being destroyed leading to my assets going into Asset Safety cost me 30 billion in all.

Market Seeding outside of Highsec

Go back a while and i was seeding a market in UAJ5-K, in the Region Outer Passage.

The station was run by the declarationsofwar team with their corporation Noir.

In all i had sell orders of 105 billion up and all was going fine.

But then in April it was lost to another corporation and my assets on the market went into Asset Safety.

They talk about it in their podcast The Fall of UAJ5-K.

What is Asset Safety?

This is a mechanism where the purpose, i believe, is to encourage players to have assets in player owned structures.

Quite simply, if the structure is destroyed then all your assets are put in either the nearest NPC station or the a player owned station in the same system within 5 days.  Otherwise, within 20 days they are put in the nearest system station.

If the station is in the same system then you pay 0.5% of the value of the assets to release them.  If they are in a different system then you pay 15%.

But the general idea is that you don't lose your assets entirely and so takes the sting out of holding assets outside of highsec.

My situation

My assets were initially put in another station in the system but it was soon destroyed.  Therefore, my assets ended up in Konora.  Which is a mere 45 jumps from Jita, part of which is through low and null sec.

The cost of all this

I had 105 billion of sell orders up.

Against this 105 billion i had my usual 20% provision = 21 billion.#

The Value of the assets turned out to be 66 billion.

I had to pay 10 billion to release them.

Therefore the costs were in two parts:

1) the cost of releasing the assets = 10 billion.

2) the mark to market costs = (105-21) - 66 = 18 billion.

So, total cost was 28 billion.

The mark to market costs arise because the market value of the items i am selling fell since i bought them.

And then there will be the cost of couriering the assets which i estimate will be 2.5 billion.

So, lets call it 30 billion cost all in.  So about a month's worth of profits these days.

Lessons learned

Absolutely none at all.

This is all part of the game.  I can't take the ISK with me if i leave.  Cracking stuff.

For the sake of some ISK i am pushing the boundaries of my game play.  Only wish i had done this a lot sooner.

Next Steps

I think i have found another station to seed.  Will update the blog if i go ahead.

Spreadsheets used in the alpha to omega challenge - the main trading sheet

I used two spreadsheets in my challenge (technically two worksheets on the same spreadsheet) that both made heavy use of the Eve Excel Addin.

The purpose of the spreadsheet was to keep a track with what i had for sale, what had been sold, what spare Sale slots i had and what items i should buy in Jita to put up for sale in Dodixie.

In this post i will talk about the main trading sheet.

A prior post talked about the workbook i used to find new items to consider selling.

Eve Excel Addin

I have previously covered using the Eve Excel Addin in other posts - so i wont do it here.  So for now i wont talk about how to install it but i will go through the formulas i used.

Suffice to say, it installs like any other excel Addin and you need to connect your characters to it using the easy to follow and intuitively labeled button "Add a Character".  You need to do this for all characters you want data on, not merely Accounts only.

The Main Trading Sheet

As with the prior post, get yourself a cold drink, a spare 30 minutes and some patience to follow all this . . . . . 

The purpose of this worksheet is to keep track of what you have for sale, keep track of the spare slots you need to fill and to identify items to Buy (from Sell Orders) in Jita to sell in Dodixie.

This is where the real work is done and the one i spent most time looking at daily.

There are five parts to this worksheet

Part 1) The list if items i have for currently sale in Dodixie

Part 2) A cheeky manual part that takes this list a makes it readable in a worksheet

Part 3) The universe of items i can sell (fed by the prior worksheet)

Part 4) A list of items derived from Part 3 to buy from Jita

Part 5) My current wealth

Part 1) The list if items i have for currently sale in Dodixie

I need this list to firstly check which items need to be adjusted if undercut but also to show how many slots i have free.

As ever, for any excel addin details of a character we need the character ID which can be found on the character screen ingame.

On the ingame screen, press the character face to bring up the character window.  Right click the name to bring up the menu and select <copy>.

Paste this somewhere = <a href=showinfo:1373//2124084989>James Macdonell</a>.

In this case the 2124084989 is the character ID.

Using this we can get the items each character has for sale and related details such as volume and price.

In my case the character ID (2124084989) was in cell W4.

Column 1 = EVEONLINE.CHARACTER_ORDERS(W4).type.  This will bring down all items the character has for sale.

Column 2= EVEONLINE.CHARACTER_ORDERS(W4).volume_remain.  This will bring down the volume of all these items.

Column 3 = EVEONLINE.CHARACTER_ORDERS(W4).price.  This will bring down the price for each item for sale.

Column 4 = column 2 x column 3.

This list can be copied and pasted into the quick bar as an easy way to go through each item to check to see if the price needs to be updated.

Part 2) A cheeky manual part that takes this list a makes it readable in a worksheet

I need to separate list of column 1 in normal text

OK, those good with spreadsheets can probably do this automatically.  But i need to take column 1 above and convert into a normal list in the workbook to be read by other parts of the workbook.

Hence, if i copy the list in Column 1 above and paste it somewhere else.  I can then highlight it, right click and select Data Type and then select Convert to Text to give:

Part 3) The universe of items i can sell (fed by the prior worksheet)

OK, this the where the magic happens.

The above shows:

Column B shows with an "x" any item that i have currently for sale in Dodixie and therefore should not be purchased in Jita.

Column C shows all the potential items i could buy from Jita, taken from the workbook i used to find new items to consider selling.

Column D then converts it into Excel Addin format

Column E shows the Jita Sell Price

Column F shows the Dodixie Sell Price (the 10000032 is the ID for the Dodixie region)

Column G shows the profit = Column F - Column E

Column H then shows the margin = Column G / Column F

Column I then shows any item where the margin is over 20% (or whatever i had in yellow in cell i2) and where the price is over the minimum selected (thats the 0 in yellow in cell i1) and which i don't currently have for sale (the x in Column B).  Such items are shown with an x and are items i could consider buying from Jita to sell in Dodixie.

The formulas are (looking at row 4):

Column B: this is an Index Match formula that sees if the item in Column C is in the list in Part 2 above.  It if is, then it gets an x which means i ignore it.

Column C: this is a manual list of items that came from the prior workbook.  By the time i had finished the project it was some 177 items long.

Column D: EVEONLINE.INVENTORYSEARCH(C4,1) where C4 is the item in Column C.  Technically we need to expand this in case the item as a ' at the start so becomes IFERROR(EVEONLINE.INVENTORYSEARCH(C4,1),EVEONLINE.INVENTORYSEARCH("'"&C4,1))

Column E: EVEONLINE.MARKET_ORDERS_STATS(10000002,D4.id).sell.min where D4 is the item in Column D

Column F: EVEONLINE.MARKET_ORDERS_STATS($F$2,D4.id).sell.min where $F$2 is the Dodixie Region ID in this case 10000032.

Column G: F4-E4

Column H: G4/F4

Column I: IF(AND(B4<>"x",H4>=$I$2,F4>=$I$1),"x","")

What this will show are all the items (shown by a x in column I) that i could buy from Jita to put up for sale in Dodixie.

Part 4) A list of items derived from Part 3 to buy from Jita

This is where i get manual again.

Column I is as above, where x shows i can buy the item to be sold.

What i then did in Column J is put an x beside the column I x to agree to buy it.

The placing of that X brings up the Jita Sell Price in Column k, the profit in Column L and importantly the item name from Column C.  These are all simple spreadsheet formulas.

Now the idea is to select enough items to buy to fill up all spare sale slots in Dodixie and to have enough ISK left over to contract out the items to be couriered from Jita to Dodixie and then have enough ISK to pay the Broker Fees to put them up for sale in Dodixie,

You can select the whole of Column M and copy and paste them into the Quickbar for fast buying.  And use the Multibuy button ingame to really speed that up in Jita, as i showed in this post.

Part 5) My current wealth

And finally, to keep track of my wealth:

Looking at row 4:

Column W is the character ID i manually put in.

Column X is the character name. =EVEONLINE.CHARACTER(W4)

Column Y is the ISK on that character.  =EVEONLINE.CHARACTER_WALLET_BALANCE(W4)

Column Z is the sum of all sell orders which is the sum of the Sell Orders in Part 1 above,

Column AA is the 20% provision i take against each Sell Order to cover transaction taxes and price cuts

Column AB was for any spare inventory i had

Column AC for the rare occasion i had a courier contract on the go and 20% provided for =IFERROR(SUM(EVEONLINE.CHARACTER_CONTRACTS(W4,,"outstanding").collateral),0)*80% + IFERROR(SUM(EVEONLINE.CHARACTER_CONTRACTS(W4,,"in_progress").collateral),0)*80%

In AD was the value of all Plex i held:  =EVEONLINE.MARKET_ORDERS_STATS(19000001, 44992).sell.min

And then Column AE was the total of it all.

Letting some Omega Accounts go back to Alpha

I currently have 7 Omega Accounts and 1 more if i include the alpha to omega project.

I am letting the Omega Account generated by the alpha to omega project lapse back to alpha anyway.

4 Omega Accounts went to 7 in June 2025

I used to have 4 but extended this to 7 in June 2025 on the back of a (then) CCP

 deal.  I took 12 month Omega for 7 accounts and by mistake another 12 months on one of these accounts.  I spent 143 billion.

Over the next 3 months they all come up for renewal  1 in June, 2 in July, 1 in August, 2 in September and the final one in October 2027.

The question is which is the 7 accounts justify Omega status.

What is required to remain Omega

My rule is that an account must be able to finance a three month Omega itself.

That requires 1200 Plex which at 4.7 million a shot = 5.6 billion isk = 1.9 billion per month.

My metrics are that i aim to make a 16% profit margin.  I.e. for every 1 billion of sales i hope to make 160 million of profits after all costs (taxes, courier costs, etc).  Therefore, i need to make 12 billion of sales on each account (3 characters) each month.

The 4 Trading accounts do well enough

Trading Account 1 (i lack imagination) has characters in Dodixie, Amarr and Jita and i justifies its existence.  Easily.

Trading Account 2 has characters in Rens and Hek, and a trader in Kihtaled - PleniMart where i am helping to seed the market.  The character in Kithaled is a manufacturer / trader.  Easily.

Trading Account 3 has characters in Sobaseki and Tash Murkon, and a trader in Kihtaled - PleniMart where i am helping to seed the market.  Does ok.  Not shooting the lights out.

Trading Account 4 has characters in Arnon and Alentene, and a trader in a trader in Kihtaled - PleniMart where i am helping to seed the market.  This Account comes close but does justify its Omega status.

Two accounts don't justify themselves

One of my regrets over the last 12 months is not being able to find other locations to trade from that would allow an account to finance its Omega status.  That is my fault, real life getting in the way.

One account is actually my first account from 2012 which i was turning into a manufacturing account but i so far have not really been able to get this to work.  So instead of pressurising myself i will let it move back to Omega whilst i rethink things through.  The characters in Kithaled all have decent manufacturing skills.

The other account has characters sitting all over the place, mostly surplus to requirement.  They will lapse back to Omega whilst i rethink things.

They lapse in June and July.

Keeping one additional account as Omega

I have one account that has one character as a trader in Kihtaled - PleniMart where i am helping to seed the market + 1 character that i am moving into Boystin to see if i can make this a market worth trading from + another character that was in a low sec market but it was destroyed so i had to leave.

Lets see if i can make this one work.

Omega Cost going forwards

I will wait for the next New Eden Store deal and then likely go for 12 months for each of them.

If i bought the 12 months today then i would spend 3,600 Plex x 5 accounts = 18,000 Plex, at 4.7 million = 85 billion Isk (so equates to 7 billion per month or 1 billion per accounts, such is the discount you get for a 12 month Omega).

I have 78 billion isk spare so would be doable.  But lets wait for a deal.