Adding Payee Advances

Here is how to input payee advances

Revelator supports two ways of adding advances:

1. On the Contract level

2. On the Payee level.

1. Contract Level: Input an advance to the Payee

Option 1: Treat the contract advance as a payment transaction to the Payee:

• After a Payee has been created by being added to a Contract

• Go to Royalties > Payees > and Select your Paye

• Click on Payee > Transactions > Add transaction > Payment

• Enter the advance payment as a positive amount AND select the contract from the Associated contract field

Option 2: Use the contract advance as the Payee’s opening balance:

• On the Contract, enter the Payee advance as a negative amount in the Payee's Starting balance field

2. Payee Level: Input a general advance to the Payee only

• After a Payee has been created by being added to a Contract

• Go to Royalties > Payees and Select your Payee

• Click on Payee > Transactions > Add transaction > Payment

• Enter the advance payment as a positive amount and save