Resolving Unreported Income

When creating statements, it is possible that some income lines included in a Period are not reported to a statement. This usually happens when the setup is incomplete and Curve does not have all the required information to assign a royalty correctly.

Curve identifies these lines as Unreported and makes them available through dedicated reports.

Why income lines become unreported

There are four common scenarios that can cause a sales or cost line to remain unreported:

1. No participating contract

   The Work has no participating Contract attached.

2. Inactive contract

   The participating Contract exists but is not active.

3. Missing applicable term

   The Contract does not contain an income that covers the specific sales or cost line.

   Example: a Contract only includes Performance income term, so Mechanical income lines are ignored.

4. Missing calculation inputs

   A required calculation field is blank.

   Example: A royalty should be calculated on Gross Receipts, but the Gross Amount was not populated when ingesting the income data.

How Curve flags unreported sales and costs

Unreported Income CSV

With each Period, Curve generates an Unreported Sales CSV. This file lists income lines that were not reported to any contract at all. In this report:

• Income linked to a Work that has no participating contract will appear in this CSV.
• Invalid income lines are excluded.
• Income linked to a Contract with a different Accounting Period Type than the Period are also excluded.

You can download this report by going into the relevant Period, click the Download button in the top right corner, and to select the Unreported Income option. Please note that when reprocessing individual Statements, Curve does not automatically regenerate the Unreported CSV. If reprocessed Statements affect the Unreported CSV, you will be prompted to either download the original version or generate a new one.

Fixed Report for Unreported Income

In addition to the CSV, Curve provides a Fixed Report for Unreported Income. This report:

• Lists sales lines that were not reported to at least one contract, even if the same sales line was successfully reported to one or more other contracts.
• Is especially useful when multiple contracts are linked to the same Work and an income line was not reported to all of them.
• Shows unreported sales per contract, which means income with no contract participation, for a Work without any Contracts, will not appear here.
• Invalid income lines are excluded.
• Income linked to a Contract with a different Accounting Period Type than the Period are also excluded.

To download your Fixed Report for the Unreported Income, please go to Data > Reports and hit the +Create button at the top right of the screen. Select the "Fixed Report" option and select "Unreported". Please note that when creating this report, it will review which lines it expects to have been reported to which Contracts based on the setup of that exact moment; so if new Contracts were linked against Works since your processed your Period, you can expect to find these in this report also.

Because the standard Unreported CSV and Fixed Unreported CSV highlight different scenarios, it is strongly recommended to consult both for a complete picture.

Unreported Costs CSV

Unreported costs are flagged separately in the Unreported Costs CSV, following the same general principles as the standard unreported sales csv.

Resolving unreported lines

Once you have identified and fixed the underlying issues which caused the line to go unreported, you can:

• Reprocess the entire Period, or
• Reprocess the relevant Statements individually.

As the Unreported Income file updates, the goal should be to reduce the number of unreported lines to zero.

As all lines in a sales file are reported, you can also expect to find a Fully Reported status against this income file. Though there may still be various reasons why the file still has a Partially Reported or Unreported status.

If there are unreported lines remaining in your Period which you wish to carry forward to the next Period, you can do so by making use of our Suspense functionality.