Royalty balances update

This program recalculates and updates all Royalty balances and can be re-run repeatedly.

It refers to the Royalties Movement details for the relevant period, in order to accumulate, offset and calculate Royalties.  Shares are allocated to the appropriate payees and the payee balance files are updated. It retrieves the balances from the previous period and creates a future record, for example six monthly royalty cycle. 

To calculate tax on payment only the following criteria must apply:

• The agent invoice must have the field pay agent = Y.
• The tax category substitution rule must be set up in TMSRY/RY-DTTP.

TMSRY/RY-APIF2 determines the minimum payment amount by payee company by contract currency.  The payee company is the company code for the payee defined on the Creditor masterfile.  The company determines the currency that is being used. The minimum pay amount is in whole dollars. This amount overrides the amount defined in TMSRY/RY-APIF.

When recovering taxable cost, calculates tax amount and puts it in deferred tax transfer out, includes tax amount for recovery against other balances. Minimum payment will not include deferred tax amount.

1. In the menu, expand Publishing Modules > Rights & Permission > Period Processing and Others > Close of Royalty Period and double-click Royalty Balance Update. RYO060 Royalty Balance Update panel appears.

2. Enter the above information as required and click OK.