diff --git a/bitspire.py b/bitspire.py
index 9c60432..fa5620b 100644
--- a/bitspire.py
+++ b/bitspire.py
@@ -146,9 +146,9 @@ def _parse_extra(
     super_fee_pct: float,
 ) -> CreateDcaSettlementData:
     """Happy path: bitSpire populated Payment.extra per lamassu-next#44."""
-    net_sats = _coerce_int(extra.get("net_sats"))
+    principal_sats = _coerce_int(extra.get("principal_sats"))
     fee_sats = _coerce_int(extra.get("fee_sats"))
-    if net_sats is None or fee_sats is None:
+    if principal_sats is None or fee_sats is None:
         # Missing key fields — shouldn't happen post-#44 but defensive.
         return _parse_fallback(machine, payment_hash, gross_sats, super_fee_pct)
     commission_sats = fee_sats
@@ -170,7 +170,7 @@ def _parse_extra(
         fiat_amount=fiat_amount,
         fiat_code=fiat_code,
         exchange_rate=exchange_rate,
-        net_sats=net_sats,
+        principal_sats=principal_sats,
         commission_sats=commission_sats,
         platform_fee_sats=platform_fee_sats,
         operator_fee_sats=operator_fee_sats,
@@ -193,7 +193,7 @@ def _parse_fallback(
         base_amount  = round(gross / (1 + commission_pct))
         commission   = gross - base_amount
     """
-    net_sats, commission_sats, _effective = calculate_commission(
+    principal_sats, commission_sats, _effective = calculate_commission(
         crypto_atoms=gross_sats,
         commission_percentage=machine.fallback_commission_pct,
         discount=0.0,
@@ -211,7 +211,7 @@ def _parse_fallback(
         fiat_amount=0.0,
         fiat_code=machine.fiat_code,
         exchange_rate=0.0,
-        net_sats=net_sats,
+        principal_sats=principal_sats,
         commission_sats=commission_sats,
         platform_fee_sats=platform_fee_sats,
         operator_fee_sats=operator_fee_sats,
diff --git a/crud.py b/crud.py
index 8fd40d3..53b3fe3 100644
--- a/crud.py
+++ b/crud.py
@@ -442,13 +442,13 @@ async def create_settlement_idempotent(
         """
         INSERT INTO satoshimachine.dca_settlements
         (id, machine_id, payment_hash, bitspire_event_id, bitspire_txid,
-         gross_sats, fiat_amount, fiat_code, exchange_rate, net_sats,
+         gross_sats, fiat_amount, fiat_code, exchange_rate, principal_sats,
          commission_sats, platform_fee_sats, operator_fee_sats,
          used_fallback_split, tx_type, bills_json, cassettes_json,
          status, error_message, created_at)
         VALUES (:id, :machine_id, :payment_hash, :bitspire_event_id,
                 :bitspire_txid, :gross_sats, :fiat_amount, :fiat_code,
-                :exchange_rate, :net_sats, :commission_sats,
+                :exchange_rate, :principal_sats, :commission_sats,
                 :platform_fee_sats, :operator_fee_sats, :used_fallback_split,
                 :tx_type, :bills_json, :cassettes_json, :status,
                 :error_message, :created_at)
@@ -463,7 +463,7 @@ async def create_settlement_idempotent(
             "fiat_amount": data.fiat_amount,
             "fiat_code": data.fiat_code,
             "exchange_rate": data.exchange_rate,
-            "net_sats": data.net_sats,
+            "principal_sats": data.principal_sats,
             "commission_sats": data.commission_sats,
             "platform_fee_sats": data.platform_fee_sats,
             "operator_fee_sats": data.operator_fee_sats,
@@ -728,7 +728,7 @@ async def apply_partial_dispense(
     settlement_id: str,
     *,
     new_gross_sats: int,
-    new_net_sats: int,
+    new_principal_sats: int,
     new_commission_sats: int,
     new_platform_fee_sats: int,
     new_operator_fee_sats: int,
@@ -746,7 +746,7 @@ async def apply_partial_dispense(
         """
         UPDATE satoshimachine.dca_settlements
         SET gross_sats = :gross,
-            net_sats = :net,
+            principal_sats = :principal,
             commission_sats = :commission,
             platform_fee_sats = :platform,
             operator_fee_sats = :operator,
@@ -763,7 +763,7 @@ async def apply_partial_dispense(
         {
             "id": settlement_id,
             "gross": new_gross_sats,
-            "net": new_net_sats,
+            "principal": new_principal_sats,
             "commission": new_commission_sats,
             "platform": new_platform_fee_sats,
             "operator": new_operator_fee_sats,
diff --git a/distribution.py b/distribution.py
index 4d8c2b2..8e953a4 100644
--- a/distribution.py
+++ b/distribution.py
@@ -10,7 +10,7 @@
 # Leg order:
 #   1. super_fee     — platform_fee_sats → super_fee_wallet_id (if set)
 #   2. operator_split — operator_fee_sats split per operator's rules
-#   3. dca           — net_sats distributed proportionally to active LPs,
+#   3. dca           — principal_sats distributed proportionally to active LPs,
 #                       each leg capped at the LP's remaining fiat balance
 #                       (preserves the v1 sync-mismatch fix from PR #2)
 #
@@ -105,8 +105,7 @@ async def _record_skipped_leg(
     )
     await update_payment_status(leg.id, "skipped", None, reason[:512])
     logger.info(
-        f"distribution: skipped {leg_type} leg "
-        f"({amount_sats} sats) — {reason}"
+        f"distribution: skipped {leg_type} leg " f"({amount_sats} sats) — {reason}"
     )
 
 
@@ -134,7 +133,7 @@ def _build_partial_dispense_memo(
     data: PartialDispenseData,
     *,
     new_gross: int,
-    new_net: int,
+    new_principal: int,
     new_commission: int,
     new_platform: int,
     new_operator: int,
@@ -147,11 +146,13 @@ def _build_partial_dispense_memo(
     ts = datetime.now(timezone.utc).isoformat(timespec="seconds")
     return (
         f"[{ts}] partial dispense applied — {adjust}. "
-        f"Original gross={settlement.gross_sats} net={settlement.net_sats} "
+        f"Original gross={settlement.gross_sats} "
+        f"principal={settlement.principal_sats} "
         f"commission={settlement.commission_sats} "
         f"(super_fee={settlement.platform_fee_sats} "
         f"operator_fee={settlement.operator_fee_sats}). "
-        f"New gross={new_gross} net={new_net} commission={new_commission} "
+        f"New gross={new_gross} principal={new_principal} "
+        f"commission={new_commission} "
         f"(super_fee={new_platform} operator_fee={new_operator}). "
         f"Reason: {reason}"
     )
@@ -177,14 +178,10 @@ async def settle_lp_balance(
         raise ValueError(f"client {client.id} balance not available")
     remaining = float(summary.remaining_balance)
     if remaining <= 0:
-        raise ValueError(
-            f"client {client.id} has no remaining balance to settle"
-        )
+        raise ValueError(f"client {client.id} has no remaining balance to settle")
 
     # Resolve fiat amount: explicit if given (capped at remaining), else full.
-    requested = (
-        float(data.amount_fiat) if data.amount_fiat is not None else remaining
-    )
+    requested = float(data.amount_fiat) if data.amount_fiat is not None else remaining
     amount_fiat = round(min(requested, remaining), 2)
     if amount_fiat <= 0:
         raise ValueError("computed settlement amount is zero")
@@ -300,7 +297,7 @@ async def apply_partial_dispense_and_redistribute(
     # Linear scale preserves the original commission ratio exactly.
     scale = new_gross / settlement.gross_sats
     new_commission = round(settlement.commission_sats * scale)
-    new_net = new_gross - new_commission
+    new_principal = new_gross - new_commission
     new_fiat = round(float(settlement.fiat_amount) * scale, 2)
 
     # Re-derive the stage-1 split from the ORIGINAL ratio stored on this
@@ -321,7 +318,7 @@ async def apply_partial_dispense_and_redistribute(
         settlement,
         data,
         new_gross=new_gross,
-        new_net=new_net,
+        new_principal=new_principal,
         new_commission=new_commission,
         new_platform=new_platform,
         new_operator=new_operator,
@@ -331,7 +328,7 @@ async def apply_partial_dispense_and_redistribute(
     updated = await apply_partial_dispense(
         settlement_id,
         new_gross_sats=new_gross,
-        new_net_sats=new_net,
+        new_principal_sats=new_principal,
         new_commission_sats=new_commission,
         new_platform_fee_sats=new_platform,
         new_operator_fee_sats=new_operator,
@@ -374,9 +371,7 @@ async def process_settlement(settlement_id: str) -> None:
             f"distribution: settlement {settlement_id} references missing "
             f"machine {settlement.machine_id}"
         )
-        await mark_settlement_status(
-            settlement_id, "errored", "machine missing"
-        )
+        await mark_settlement_status(settlement_id, "errored", "machine missing")
         return
     super_config = await get_super_config()
     errors: List[str] = []
@@ -390,9 +385,7 @@ async def process_settlement(settlement_id: str) -> None:
         errors.append(f"unexpected: {exc}")
 
     if errors:
-        await mark_settlement_status(
-            settlement_id, "errored", "; ".join(errors)[:512]
-        )
+        await mark_settlement_status(settlement_id, "errored", "; ".join(errors)[:512])
     else:
         await mark_settlement_status(settlement_id, "processed", None)
 
@@ -415,7 +408,8 @@ async def _pay_super_fee(
         # the sats in the machine wallet and record a skipped audit row.
         # The super needs to configure their wallet before they can collect.
         await _record_skipped_leg(
-            settlement, machine,
+            settlement,
+            machine,
             leg_type="super_fee",
             amount_sats=settlement.platform_fee_sats,
             reason="super_fee_wallet_id not configured by LNbits super",
@@ -445,12 +439,11 @@ async def _pay_operator_splits(
 ) -> None:
     if settlement.operator_fee_sats <= 0:
         return
-    splits = await get_effective_commission_splits(
-        machine.operator_user_id, machine.id
-    )
+    splits = await get_effective_commission_splits(machine.operator_user_id, machine.id)
     if not splits:
         await _record_skipped_leg(
-            settlement, machine,
+            settlement,
+            machine,
             leg_type="operator_split",
             amount_sats=settlement.operator_fee_sats,
             reason=(
@@ -492,17 +485,18 @@ async def _pay_dca_distributions(
     machine: Machine,
     errors: List[str],
 ) -> None:
-    if settlement.net_sats <= 0:
+    if settlement.principal_sats <= 0:
         return
     if settlement.exchange_rate <= 0:
         # Fallback path with no exchange rate (bitSpire Payment.extra absent).
         # Without a rate we can't compute fiat balances → can't compute
-        # proportional shares → leave net_sats in the machine wallet for
-        # manual reconciliation. Audit row makes the strand visible.
+        # proportional shares → leave principal_sats in the machine wallet
+        # for manual reconciliation. Audit row makes the strand visible.
         await _record_skipped_leg(
-            settlement, machine,
+            settlement,
+            machine,
             leg_type="dca",
-            amount_sats=settlement.net_sats,
+            amount_sats=settlement.principal_sats,
             reason=(
                 "no exchange_rate on settlement (bitSpire fallback path; "
                 "see aiolabs/lamassu-next#44)"
@@ -512,9 +506,10 @@ async def _pay_dca_distributions(
     clients = await get_flow_mode_clients_for_machine(machine.id)
     if not clients:
         await _record_skipped_leg(
-            settlement, machine,
+            settlement,
+            machine,
             leg_type="dca",
-            amount_sats=settlement.net_sats,
+            amount_sats=settlement.principal_sats,
             reason="no active flow-mode LPs registered at this machine",
         )
         return
@@ -527,9 +522,10 @@ async def _pay_dca_distributions(
         client_balances[client.id] = summary.remaining_balance
     if not client_balances:
         await _record_skipped_leg(
-            settlement, machine,
+            settlement,
+            machine,
             leg_type="dca",
-            amount_sats=settlement.net_sats,
+            amount_sats=settlement.principal_sats,
             reason=(
                 "no LP has remaining-fiat-balance > 0 — all confirmed deposits "
                 "already paid out"
@@ -539,7 +535,7 @@ async def _pay_dca_distributions(
     # Compute proportional sat allocations, then cap each at the client's
     # remaining-fiat-balance-in-sats (the v1 sync-mismatch safeguard).
     raw_allocations = calculate_distribution(
-        base_amount_sats=settlement.net_sats,
+        base_amount_sats=settlement.principal_sats,
         client_balances=client_balances,
     )
     capped_allocations: dict[str, int] = {}
@@ -565,9 +561,7 @@ async def _pay_one_dca_leg(
     if amount_sats <= 0:
         return
     amount_fiat = round(amount_sats / float(settlement.exchange_rate), 2)
-    memo = (
-        f"DCA: {amount_sats} sats • {amount_fiat:.2f} {settlement.fiat_code}"
-    )
+    memo = f"DCA: {amount_sats} sats • {amount_fiat:.2f} {settlement.fiat_code}"
     dca_leg = await _pay_internal(
         settlement=settlement,
         machine=machine,
@@ -654,9 +648,7 @@ async def _attempt_autoforward(
                 "satmachine_destination": address,
             },
         )
-        await update_payment_status(
-            leg.id, "completed", paid.payment_hash, None
-        )
+        await update_payment_status(leg.id, "completed", paid.payment_hash, None)
         logger.info(
             f"distribution: autoforward {amount_sats} sats from client "
             f"{client.id} → {address} OK"
@@ -716,9 +708,7 @@ async def _pay_split_leg(
             "satmachine_destination": target,
         }
         try:
-            ln_target = (
-                LnAddress(target) if "@" in target else target
-            )
+            ln_target = LnAddress(target) if "@" in target else target
             bolt11 = await get_pr_from_lnurl(
                 lnurl=ln_target,
                 amount_msat=amount_sats * 1000,
@@ -740,9 +730,7 @@ async def _pay_split_leg(
                 f"distribution: operator_split (LNURL/LN-addr) FAILED "
                 f"target={target} settlement={settlement.id}: {exc}"
             )
-            await update_payment_status(
-                leg_row.id, "failed", None, str(exc)[:512]
-            )
+            await update_payment_status(leg_row.id, "failed", None, str(exc)[:512])
             errors.append(f"operator_split→{target}: {exc}")
             return leg_row
 
@@ -750,6 +738,7 @@ async def _pay_split_leg(
     resolved_wallet_id = target
     try:
         from lnbits.core.crud.wallets import get_wallet_for_key
+
         wallet = await get_wallet_for_key(target)
         if wallet is not None:
             resolved_wallet_id = wallet.id
@@ -828,9 +817,7 @@ async def _pay_internal(
             tag=tag,
             extra=extra,
         )
-        await update_payment_status(
-            leg_row.id, "completed", paid.payment_hash, None
-        )
+        await update_payment_status(leg_row.id, "completed", paid.payment_hash, None)
         return leg_row
     except Exception as exc:
         logger.error(
diff --git a/migrations.py b/migrations.py
index d485aa7..2a69b7e 100644
--- a/migrations.py
+++ b/migrations.py
@@ -59,16 +59,14 @@ async def m001_satmachine_v2_initial(db):
         await db.execute(f"DROP TABLE IF EXISTS satoshimachine.{table}")
 
     # 2. super_config — singleton (id='default') with platform-fee config.
-    await db.execute(
-        f"""
+    await db.execute(f"""
         CREATE TABLE IF NOT EXISTS satoshimachine.super_config (
             id TEXT PRIMARY KEY,
             super_fee_pct DECIMAL(10,4) NOT NULL DEFAULT 0.0000,
             super_fee_wallet_id TEXT,
             updated_at TIMESTAMP NOT NULL DEFAULT {db.timestamp_now}
         );
-        """
-    )
+        """)
     existing = await db.fetchone(
         "SELECT id FROM satoshimachine.super_config WHERE id = 'default'"
     )
@@ -80,8 +78,7 @@ async def m001_satmachine_v2_initial(db):
 
     # 3. dca_machines — one row per bitSpire ATM, owned by exactly one
     #    operator. wallet_id UNIQUE prevents the IDOR funds-theft vector.
-    await db.execute(
-        f"""
+    await db.execute(f"""
         CREATE TABLE IF NOT EXISTS satoshimachine.dca_machines (
             id TEXT PRIMARY KEY,
             operator_user_id TEXT NOT NULL,
@@ -95,8 +92,7 @@ async def m001_satmachine_v2_initial(db):
             created_at TIMESTAMP NOT NULL DEFAULT {db.timestamp_now},
             updated_at TIMESTAMP NOT NULL DEFAULT {db.timestamp_now}
         );
-        """
-    )
+        """)
     await db.execute(
         "CREATE INDEX IF NOT EXISTS dca_machines_operator_idx "
         "ON dca_machines (operator_user_id)"
@@ -109,8 +105,7 @@ async def m001_satmachine_v2_initial(db):
     # 4. dca_clients — LP registrations scoped per (machine, user). An LP
     #    can hold positions at many machines (and many operators) on the
     #    same LNbits instance.
-    await db.execute(
-        f"""
+    await db.execute(f"""
         CREATE TABLE IF NOT EXISTS satoshimachine.dca_clients (
             id TEXT PRIMARY KEY,
             machine_id TEXT NOT NULL,
@@ -125,21 +120,18 @@ async def m001_satmachine_v2_initial(db):
             created_at TIMESTAMP NOT NULL DEFAULT {db.timestamp_now},
             updated_at TIMESTAMP NOT NULL DEFAULT {db.timestamp_now}
         );
-        """
-    )
+        """)
     await db.execute(
         "CREATE UNIQUE INDEX IF NOT EXISTS dca_clients_machine_user_uq "
         "ON dca_clients (machine_id, user_id)"
     )
     await db.execute(
-        "CREATE INDEX IF NOT EXISTS dca_clients_user_idx "
-        "ON dca_clients (user_id)"
+        "CREATE INDEX IF NOT EXISTS dca_clients_user_idx " "ON dca_clients (user_id)"
     )
 
     # 5. dca_deposits — fiat the operator (or super) records against an LP
     #    at a machine. creator_user_id preserves audit trail.
-    await db.execute(
-        f"""
+    await db.execute(f"""
         CREATE TABLE IF NOT EXISTS satoshimachine.dca_deposits (
             id TEXT PRIMARY KEY,
             client_id TEXT NOT NULL,
@@ -152,8 +144,7 @@ async def m001_satmachine_v2_initial(db):
             created_at TIMESTAMP NOT NULL DEFAULT {db.timestamp_now},
             confirmed_at TIMESTAMP
         );
-        """
-    )
+        """)
     await db.execute(
         "CREATE INDEX IF NOT EXISTS dca_deposits_client_idx "
         "ON dca_deposits (client_id, created_at DESC)"
@@ -170,8 +161,7 @@ async def m001_satmachine_v2_initial(db):
     #    ships, these two columns are the audit-grade record of who
     #    forgave what per transaction. Do not collapse them into a single
     #    commission_pct. See plan section "Customer discounts" and #10.
-    await db.execute(
-        f"""
+    await db.execute(f"""
         CREATE TABLE IF NOT EXISTS satoshimachine.dca_settlements (
             id TEXT PRIMARY KEY,
             machine_id TEXT NOT NULL,
@@ -182,7 +172,7 @@ async def m001_satmachine_v2_initial(db):
             fiat_amount DECIMAL(10,2) NOT NULL,
             fiat_code TEXT NOT NULL DEFAULT 'GTQ',
             exchange_rate REAL NOT NULL,
-            net_sats BIGINT NOT NULL,
+            principal_sats BIGINT NOT NULL,
             commission_sats BIGINT NOT NULL,
             platform_fee_sats BIGINT NOT NULL,
             operator_fee_sats BIGINT NOT NULL,
@@ -197,8 +187,7 @@ async def m001_satmachine_v2_initial(db):
             notes TEXT,
             processing_claim TEXT
         );
-        """
-    )
+        """)
     await db.execute(
         "CREATE INDEX IF NOT EXISTS dca_settlements_machine_idx "
         "ON dca_settlements (machine_id, created_at DESC)"
@@ -216,8 +205,7 @@ async def m001_satmachine_v2_initial(db):
     #      - Lightning address (user@domain)
     #      - LNURL string (bech32 LNURL...)
     #    Resolution lives in distribution._pay_one_split_leg.
-    await db.execute(
-        f"""
+    await db.execute(f"""
         CREATE TABLE IF NOT EXISTS satoshimachine.dca_commission_splits (
             id TEXT PRIMARY KEY,
             machine_id TEXT,
@@ -228,8 +216,7 @@ async def m001_satmachine_v2_initial(db):
             sort_order INTEGER NOT NULL DEFAULT 0,
             created_at TIMESTAMP NOT NULL DEFAULT {db.timestamp_now}
         );
-        """
-    )
+        """)
     await db.execute(
         "CREATE INDEX IF NOT EXISTS dca_commission_splits_lookup_idx "
         "ON dca_commission_splits (operator_user_id, machine_id)"
@@ -239,8 +226,7 @@ async def m001_satmachine_v2_initial(db):
     #    discriminator: dca | super_fee | operator_split | settlement |
     #    autoforward | refund. status enum: pending | completed | failed |
     #    voided | skipped | refunded.
-    await db.execute(
-        f"""
+    await db.execute(f"""
         CREATE TABLE IF NOT EXISTS satoshimachine.dca_payments (
             id TEXT PRIMARY KEY,
             settlement_id TEXT,
@@ -259,8 +245,7 @@ async def m001_satmachine_v2_initial(db):
             error_message TEXT,
             created_at TIMESTAMP NOT NULL DEFAULT {db.timestamp_now}
         );
-        """
-    )
+        """)
     await db.execute(
         "CREATE INDEX IF NOT EXISTS dca_payments_client_idx "
         "ON dca_payments (client_id, created_at DESC)"
@@ -280,8 +265,7 @@ async def m001_satmachine_v2_initial(db):
     #    only cash_in/cash_out/cash_level/fiat/model — post-#43 fields
     #    (name, location, geo, fees, limits, denominations, version) are
     #    nullable until that upstream issue lands. Ingest opportunistically.
-    await db.execute(
-        """
+    await db.execute("""
         CREATE TABLE IF NOT EXISTS satoshimachine.dca_telemetry (
             machine_id TEXT PRIMARY KEY,
             beacon_cash_in BOOLEAN,
@@ -300,8 +284,7 @@ async def m001_satmachine_v2_initial(db):
             telemetry_json TEXT,
             telemetry_received_at TIMESTAMP
         );
-        """
-    )
+        """)
 
 
 async def m002_rename_commission_split_wallet_id_to_target(db):
@@ -332,3 +315,24 @@ async def m002_rename_commission_split_wallet_id_to_target(db):
         "ALTER TABLE satoshimachine.dca_commission_splits "
         "RENAME COLUMN wallet_id TO target"
     )
+
+
+async def m003_rename_settlements_net_sats_to_principal_sats(db):
+    """Rename `dca_settlements.net_sats` → `principal_sats` for clarity.
+
+    "Net" in financial accounting is overloaded (net of what?). In the
+    bitSpire/DCA context this column is specifically the principal the
+    operator distributes to LPs (gross − commission), not a generic
+    "net" amount. Renaming locally before any bitSpire firmware locks
+    the wire-level name; lamassu-next#44 should adopt the same name.
+
+    Idempotent: probes for the old `net_sats` column. If present, rename.
+    """
+    try:
+        await db.fetchone("SELECT net_sats FROM satoshimachine.dca_settlements LIMIT 1")
+    except Exception:
+        return
+    await db.execute(
+        "ALTER TABLE satoshimachine.dca_settlements "
+        "RENAME COLUMN net_sats TO principal_sats"
+    )
diff --git a/models.py b/models.py
index fe652b4..aeb07fb 100644
--- a/models.py
+++ b/models.py
@@ -29,9 +29,9 @@ class CreateMachineData(BaseModel):
     name: Optional[str] = None
     location: Optional[str] = None
     fiat_code: str = "GTQ"
-    # Used only when bitSpire's settlement event omits net_sats/fee_sats
-    # in Payment.extra (older bitSpire or edge cases). See plan's
-    # lamassu-next informational issue #1.
+    # Used only when bitSpire's settlement event omits principal_sats/
+    # fee_sats in Payment.extra (older bitSpire or edge cases). See
+    # plan's lamassu-next informational issue #1.
     fallback_commission_pct: float = 0.05
 
     @validator("fallback_commission_pct")
@@ -192,7 +192,7 @@ class CreateDcaSettlementData(BaseModel):
     fiat_amount: float
     fiat_code: str = "GTQ"
     exchange_rate: float
-    net_sats: int
+    principal_sats: int
     commission_sats: int
     platform_fee_sats: int
     operator_fee_sats: int
@@ -212,7 +212,7 @@ class DcaSettlement(BaseModel):
     fiat_amount: float
     fiat_code: str
     exchange_rate: float
-    net_sats: int
+    principal_sats: int
     commission_sats: int
     platform_fee_sats: int
     operator_fee_sats: int
diff --git a/static/js/index.js b/static/js/index.js
index 33c58c6..966c1f7 100644
--- a/static/js/index.js
+++ b/static/js/index.js
@@ -164,7 +164,7 @@ window.app = Vue.createApp({
           {name: 'status', label: 'Status', field: 'status', align: 'left'},
           {name: 'created_at', label: 'Time', field: 'created_at', align: 'left'},
           {name: 'gross_sats', label: 'Gross', field: 'gross_sats', align: 'right'},
-          {name: 'net_sats', label: 'Net (→ LPs)', field: 'net_sats', align: 'right'},
+          {name: 'principal_sats', label: 'Principal (→ LPs)', field: 'principal_sats', align: 'right'},
           {
             name: 'commission_sats',
             label: 'Commission',
diff --git a/tasks.py b/tasks.py
index 6bd8f13..d19a95d 100644
--- a/tasks.py
+++ b/tasks.py
@@ -117,7 +117,7 @@ async def _handle_payment(payment: Payment) -> None:
     logger.info(
         f"satmachineadmin: landed settlement {settlement.id} for "
         f"machine={machine.machine_npub[:12]}... "
-        f"gross={data.gross_sats}sats net={data.net_sats}sats "
+        f"gross={data.gross_sats}sats principal={data.principal_sats}sats "
         f"commission={data.commission_sats}sats "
         f"(super_fee={data.platform_fee_sats} "
         f"operator_fee={data.operator_fee_sats}){fb}"
diff --git a/templates/satmachineadmin/index.html b/templates/satmachineadmin/index.html
index 2bdf02c..728e8c2 100644
--- a/templates/satmachineadmin/index.html
+++ b/templates/satmachineadmin/index.html
@@ -913,8 +913,8 @@
                 <q-td key="gross_sats" class="text-right">
                   <span v-text="formatSats(props.row.gross_sats)"></span>
                 </q-td>
-                <q-td key="net_sats" class="text-right">
-                  <span v-text="formatSats(props.row.net_sats)"></span>
+                <q-td key="principal_sats" class="text-right">
+                  <span v-text="formatSats(props.row.principal_sats)"></span>
                 </q-td>
                 <q-td key="commission_sats" class="text-right">
                   <span v-text="formatSats(props.row.commission_sats)"></span>