The Account Balance screen provides an overview of royalty earnings and payments made to your account over time.
The difference between the opening and closing amount within a given statement period is largely based on what is paid out to you (‘Balance Payments’) and what income AWAL has collected during that time (‘Royalties’). It is possible that other payments will affect your account balance (represented in the ‘Advances’ and ‘Other’ columns), depending on whether any other agreements have been made with AWAL beyond your standard terms & conditions.
You may notice that during certain statement periods, a Balance Payment hasn’t been paid into your bank account. This is because we operate a payment threshold whereby you will not receive payment for the relevant statement period if your statement’s closing balance is below the threshold which is outlined in your agreement. In this instance, your balance will be carried over to the next statement period.
For more information on receiving royalty income, please see How and when do I get paid?