Revelator supports two ways of adding advances:
(1) on the Contract level or (2) on the Payee level.
(1) Input an advance to the Payee on the Contract level -
A. Treat the contract advance as a payment transaction to the Payee:
i. After a Payee has been created by being added to a Contract
ii. Go to Royalties > Payees > and Select your Payee
iii. Click on Payee > Transactions > Add transaction > Payment
iv. Enter the advance payment as a positive amount AND select the contract from the Associated contract field
B. Use the contract advance as the Payee’s opening balance:
on the Contract, enter the Payee advance as a negative amount in the Payee's Starting balance field
(2) Input a general advance to the Payee only on the Payee level -
i. After a Payee has been created by being added to a Contract
ii. Go to Royalties > Payees and Select your Payee
iii. Click on Payee > Transactions > Add transaction > Payment
iv. Enter the advance payment as a positive amount and save