Payouts are a special type of transfer used to settle the balances within a payee's summary/statement.
Like other transactions, payouts can be created one at a time, or in bulk.
To create a single Payout
Navigate from the top menu bar to Royalties > Periods:
Click in to the Period you are paying out for - this will bring you to the Period Summary page. Click the Payee Summaries tab, open the payee summary you're paying out, and click the blue "Payout" button:
To create Payouts in bulk
Navigate to the Period Summary page like before and click the blue Payout button:
Note! When entering a payout make sure to set a date prior to the end of the following period. E.g. if you're entering a payout for Q1, and you set the date to sometime in Q3, there will be no record of the payout in Q2. Even if the payout did technically occur in Q3, if you want it to appear in Q2 you'll need to set the date to sometime in or before Q2.
More on Payouts
Payouts are a special type of transfer, specific to payments for royalties owed.
Because total payable balances are usually a sum of balances owed for multiple releases/tracks/etc, we need to split up payouts to settle those individual balances.
E.g. say a payee has two releases with a Payee Balance of $100 each, for a total Payable Balance of $200. To show the payout we could create a -$200 Transfer and assign it to one of the releases, but then that release would have a -$100 balance and the other release would have a $100 balance, instead of both showing $0. We could create two individual -$100 transfers, but that can quickly become a chore, and isn't reflective of the fact that one $200 payout was issued.
Instead, we create a $200 Payout in reference to the period. This gets done automatically anytime you use a Payout button on the site.
Another Note! Payouts are the only transfer type that gets entered as a positive value, but reduces the ledger balance. This means (using the example above) you'd enter a payout of $200, and it would appear as two -$100 payouts in the payee summary/statement.