Overview
The Accounting extraction captures financial reporting terms, payment schedules, and audit provisions.What Gets Extracted
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
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