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  11. Payee balance transfer

Payee balance transfer

Payee balances are updated as part of Royalty month end process. For inactive or expired payees the remaining payee balances can be cleared by either of the following means.

  1. Pay out through AP invoice (via Milestone management)
  2. Via generating GL subledger journal to another payee
  3. Transfer to another payee via RYM115 Payee Balance Transfer.

Transfer payee balance

Remaining payee balance of a contract for a nominated royalty period can be transferred to another contract/payee or an existing payee on the contract. Transfer of balances can only be to and from open Royalty periods.

You can transfer all or some of the balance using allocation % for 3 classes.

  1. Royalty = remaining royalty and returns provision balance
  2. Deduction = advance + costs (and taxable cost)
  3. Other income

The sum of the above will be transferred to the target payee as subledger (using sub-system control code, therefore only hit one balance bucket: either advance or other income).

  1. In the menu, expand Publishing Modules > Rights & Permission > Management  and double-click Work with  Royalty Contracts. RYW010 Work with Royalty Contracts selection panel appears.
  2. Enter the selection variables and click OK. The selected royalty contracts are displayed.
  3. Select the royalty contract and right click option Balance. RYW010 Work with Royalty Contracts – Detail panel appears listing all the existing payees for the contract. A highlighted Payee ID indicates the payee is held for AP payments. 
  4. Select the payee to transfer the balance from and right click option Balance. RYI025 Royalty Balance Inquiry panel appears.
  5. Select the Royalty period balance you wish to transfer and click option Bal transfer. RYM115 Payee Balance Transfer panel appears.

  1. Enter the Subsystem code and the Payee you wish to transfer the balance to. 
  2. Enter the transfer payee share %s for the following:
    1. Royalty share – remaining royalty and return provision balance
    2. Deduction share – advance, costs
    3. Income – other income
  1. Click OK to update the transfer. The total amount transferred will be added to either ADVANCE or OTHER INCOME based on subsystem code selected.
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