Adding Payee Advances in Revelator Pro : Revelator

Adding Payee Advances in Revelator Pro Print

Modified on: Thu, 31 Mar, 2022 at 8:55 PM

Here is how to input payee advances in Revelator Pro

Revelator supports two ways of adding advances:

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

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