Royalty statements record are viewed from the Data & functions > Royalty statements view. To view an individual statement select the statement record and press the edit icon (the red pencil) in the toolbar or double click the statement record with your mouse.
Each royalty statement record has five tabs;
Refresh/Check for new activities recalculates the royalty balances. This is useful if you change a royalty contract rule and want to update the statement without recalculating a royalty run.
Change button allows you to change the royalty period for the statement.
Details view shows each line item on the royalty statement. You can view the details for each line item by selected the Details… button.
From the balance tab you can see the key balances for a royalty statement.
You can enter adjustments, deductions and withholdings for a royalty statement. Withholdings are deducted from this period’s statement and released in the next period’s royalty statement.
You can enter payments made against the accounts payable balance for the statement.
You can enter comments that can be printed on the royalty statement or comments for internal use only.
Status tab shows the status of a statement. Each statement can have a status of Pending, Verified or Issued. Statements with a status of Issued cannot be modified nor deleted.
You can view the royalty statement PDF from this tab if the statement was generated from the royalty run and click the email button to email the royalty statement.
The accounting view shows the statement’s impact on the general ledger accounts.