Transfers

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.

Transfers that get entered as a negative value will reduce the payee's ledger balance by that amount; a positive value will increase it.

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.