Help - License Transactions

The license transactions page provides a way for adjustments and transactions to be applied to a license. The page contains three sections:

"License" section:

The license section notes the high level information concerning the license that is being viewed. All details within this section are informational only, and are used to note the license where transactions are being applied.


"Pending Transactions"

The pending transactions area provides an interface for creating advances and adjustments that apply to a license.


Type
- Notes the type of transaction that will be applied to the license.
  • Adjustment or Advance can be selected
Amount
- Notes the amount associated with the transaction type that will be applied to the license with the next mechanical royalty run.
  • Advances are always considered payments on licenses and can only be entered as a positive number.
  • Adjustments follow the sign of the amount entered by the user.
    • Example: -100.00 will deduct $100.00 from the license balance.
Transaction Date
- Notes the user-specified date that will be associated with the transaction. Dates are informational only.
Check #
- Notes the user-specified check number that will be associated with the transaction. Check numbers are informational only.
Memo
- Notes user specified information that will be associated with the transaction. Memos added to a transaction are noted on mechanical royalty statements.
Delete
- Allows the user to delete a specific transaction by selecting the "Delete" checkbox and then "Updating" the license page.
  • Only transactions that have not been committed in a mechanical royalty run can be deleted.
Add Another Transaction
- By selecting this field multiple transactions can be added to a license at one time.

"Transaction History"

The transaction history area provides a listing of transactions that have been included as part of a committed mechanical royalty run.

This section is informational only without the ability to make edits or changes to data.