Overview
The Accounting extraction captures financial reporting terms, payment schedules, and audit provisions.What Gets Extracted
Displayed in a two-row grid layout:Row 1: Reporting Terms
| Field | Description |
|---|---|
| Accounting Period | Reporting frequency (Monthly, Quarterly, Half-yearly, Yearly) |
| Payment Period | Time after statement before payment is due |
| Reporting Delay | Time after period end before statements are due |
Row 2: Financial Terms
| Field | Description |
|---|---|
| Payout Threshold | Minimum balance before payment is issued |
| Cross Collateralization | Whether unrecouped balances can be offset across agreements |
| Audit Rights | Whether and how audits can be conducted |
Field Details
Accounting Period
How often royalty statements are issued:- Monthly
- Quarterly
- Half-yearly (semi-annual)
- Yearly
Payment Period
Time allowed for payment after statement receipt:- Example: “30 days”, “45 business days”, “60 days”
Reporting Delay
Grace period for preparing statements:- Example: “90 days after period end”
Payout Threshold
Minimum accumulated balance required before issuing payment:- Example: “$100 USD”, “€50 EUR”
- Amounts below threshold carry forward to next period
Cross Collateralization
| Value | Meaning |
|---|---|
| Yes | Unrecouped balances from one agreement can be recovered from earnings of another |
| No | Each agreement is accounted for separately |
Audit Rights
If audit rights exist, the extraction captures:- How many years back audits can cover
- Notice requirements
- Who bears initial audit costs
- Penalties for discrepancies found
Editing Accounting
Click the edit icon to:- Modify accounting periods
- Update payment terms
- Correct threshold amounts
- Add audit conditions