The Data & functions > Royalty Payments > Payment record provides the details for payments owed to beneficiaries and licensors.
Payment number. This number is a unique reference number used to identify a payment. You can update payment information; payment date, payment method and payment reference by importing a file that references the payment number.
Payment applies to royalty account determines whether or not the payment is deducted from royalties or royalties payable. To record an expense reimbursement payment that does not impact royalties do not select this checkbox.
Apply to royalty account immediately, on next statement (even if payment is still pending) applies (deducts) a payment; such as a royalty advance, even if the payment has not been paid.
Do not use in royalty calculations and/or statements is used to record historical payments. If an entry is so marked, the payment does not impact royalty calculations. This is often used to historical payments made to an author for royalty advances or royalties.
The amount section shows the amounts paid.
The withholdings amount refers to income tax withheld from payment. In the United States if a receipent; who is an individual, has not provided their tax ID the payor is required to withhold taxes and forward those amounts to to the Internal Revenue Service.
In this section you can indicate when a payment was made, the payment method (check, wire transfer, etc.) and the reference number for the payment.