Payee Billing Document for Multiple Payees
A billing document created for each payee in a license acquisition contract with multiple payees. This document calculates the royalties to be paid to a specific payee.
During billing of a billing due list item with multiple payees, the system creates a payee billing document
which calculates the royalties to be paid to a specific payment recipient listed in the license acquisition contract (called a payee
).
The system uses the share basis you enter for the payee in the royalties rates to calculate the royalties owed. These payee billing documents include a link to the summary billing document. This link appears in the Referenced Transactions
assignment block.
Note
If an error occurs during the creation of the summary
billing document, the system cannot create the payee billing documents. If an error occurs during the creation of one or more payee billing documents, the system can still create the remaining payee
billing
documents.
Integration
The system transfers the payee billing documents to Financial Accounting
(FI) and to Business Intelligence
(BI).