This program updates Royalty related payments and deductions entered via the Accounts Payable and General Ledger system, such as permission fees and rights received, to the Payees advances or Payee’s other payments & Balances file. This program can be run repeatedly without doubling data.
Any incoming payments (e.g. CAL) can be posted to the earliest open royalty period regardless of the GL period, provided the sub systems code for these payments are setup with the appropriate balance bucket (1=Other) in control file TMSRY/RY-SSTC. Posting to earliest open royalty period will allow the income to be available to the author as early as possible.
For non-tax registered payee (TMSRY/RY-TXDF), taxable sub ledger amount is transferred to taxable cost in RYPBL and type ‘D’ is created in RYTRN.
This program also writes a new posting type ‘C’ (Tax Credit) in RYAC00P – Royalty Accruals file. Taxable cost is identified by royalty system sub-type 4 to enable taxable cost from GL entry as well.
- In the menu, expand Publishing Modules > Rights & Permission > Period Processing and Others > Monthly Royalty Run and double-click Royalty Payee Balance Update. XAR905 Report Submission panel appears for RYO065 Payee Balances Update.
- Select whether to run the update in batch or real time and click OK.
