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Movement adjustments

Using the Royalty accruals report as a reference, you can be determine if Royalty details require adjusting.  Any required adjustments are made via the Royalty Sales/movement adjustment program.

Access is gained by selecting the Item, Contract Number and Period.  All existing adjustment movement details for the selected Item/Contract displays, listed in sequence order and each Movement type can be selected for review.

  1. In the menu, expand Publishing Modules > Rights & Permission > Period Processing and Others > Monthly Royalty Run >Monthly Royalty Run and double-click Royalty Sales/Movements Adjust. RYM200  Royalty Maintenance selection panel appears.

  1. Enter the above selection as required and click Add to add an adjustment record. RYM200 Royalty Maintenance panel appears in Add mode.

View the fields on this panel
Field Description
Sequence number Multiple movement adjustments can be made differentiated by the sequence number. The sequence also defines the order in which the movement type details would print on the statement.
Movement type This is the movement type definition that’s being adjusted. The movement type must already be defined for the contract.
Basis  Price basis code is required to define the unit price on which the royalties are to be calculated. This is the Price basis for the adjustment.
Step number Enter the step number for the royalty basis being adjusted.
RRP Adjusted and computed value of movements at RRP, if applicable.
Price received Adjusted and computed value of movements at Price Received, if applicable.
Average unit price Adjusted and computed value of movements at Average Unit Price, if applicable.
Royalty rate This is a Rate per Step.
Movement quantity The movement quantity adjusted and computed.
Royalty amount This field shows the calculated royalty adjusted and computed amounts.
  1. Enter the above adjustment details and click OK. This will create a new royalty sales movement adjustment record.
Note If any adjustments are made by this program then the Royalty Calculation/Creation must be run again for the re-calculation of royalties. The accruals report can be reviewed again and the cycle continued if needed.
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