Royalty Statements show transaction quantities and calculated Royalties during a selected Royalty Period. The instructions stored in the Royalty Sales/Movement Files determine whether selected or all movement details are to be printed. The Payee details are retrieved from the Payee Share and Advance files.
The Royalty statement may be printed at a Grand total, agent or payee level.
Royalty statement print is also able to:
- Standardize print handling
- Enable fix format
- Display taxable cost and deferred tax
- In the menu, expand Publishing Modules > Rights & Permission > Period Processing and Others > Close of Royalty Period and double-click Royalty Statements. RYR035 Royalty Statement Print panel appears.
- Enter the above selection as required and click OK.
Royalty Statements report gets generated. Royalty details are printed by Payee or by Agent, in Item sequence. The statements can show the following:
- The payee and the beneficiary. If the Royalties are being paid to an agent then the agent is the payee and the payee is the beneficiary.
- Contract number/description
- Payee share
- Contract date
- Currency
- Period start/end dates
- Opening balance(brought forward)
- Net balance
- Item/description
- Binding
- Edition
by Movement type:
- Movement type/description
- Transaction quantity
- Royalty Rate
- The Recommended Retail Price (RRP)
- Total Net Value
- Calculated Royalty amount
- The total Royalty amount payable
- The amount payable to the registered Payees, per listed ISBN.
- The tax description is based on the tax detail in the Royalty Payee Balances File.
- Other offset amount where offsets are shown and in the agent statement total below the advance offset column.
The Statement balance consists of the total Royalty amount calculated during the previous Period, total Royalties amount and other, Rights and Permissions related amounts during the current Period less payments already made.
Once these Royalty Statements have been checked and are correct, the Royalty Interface to Payables option can be run. If the details are not correct, the whole Royalty calculation cycle must be reprocessed.
