Transfers are transactions that get directly credited to or debited from a payee's ledger balance, without regard to the net or their payee split %.
Another way to say this is that transfers occur "post-split", meaning the amount is always calculated at 100%, directly to or from a payee's balance.
Note! Payouts - the amounts sent to payees for royalties owed - are a special type of Transfer. More on those here.
|Common Transfer Categories||Example Scenario||Positive or Negative Value Entered|
|Advance||advance paid to payee||negative|
|Previous Balance||there's an outstanding balance||
positive if amount is owed to payee, negative if amount needs to be recouped
|Tour Support||tour support was sent to payee||negative|
|Payee Merch Given||merch was advanced to payee||negative|
|Payee Payback to Label||payee paid catalog for merch||positive|
|Event||event expenses advanced to payee||negative|
|Mechanicals||mechanical payouts count as advances||negative|
Please note - our system only allows for one payee per transfer transaction. In order to reflect transfers shared between multiple payees within IC, you will have to enter separate transactions for each payee reflecting each payee's percentage of the transfer amount. More details regarding bulk importing multiple transfers at a time can be found here.