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Royalty Accounting Guide

Best practices, definitions, processes

  • How contracts work in IC
  • Additional Transactions aka "additionals"
  • Transfers
  • Expenses vs. Transfers
  • Expenses
  • Best Way To Account for Income Collected by a Payee
  • Why are my expenses being split? I need them recouped in full!
  • Starting Balances
  • Payee Share vs. Payee Balance
  • How to handle fulfillment expenses
  • How to handle when an artist collects income directly
  • Accounting for Wire/Transfer Fees
  • How to handle Bandcamp Fridays
  • Breakage explained
  • Accounting for payee out of pocket expenses
  • Change, update, or escalate splits and contracts, without changing previous balances
  • How do things like sales tax, shipping, or fulfillment fees get factored into royalty accounting?
  • How to run Mechanical Reporting in HFA (Harry Fox Agency) Format
  • Why are Mechanicals considered payable to a Payee while their Releases are unrecouped?
  • How to account for Withholding Taxes in IC
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Categories

  • Data Sources
  • Getting Started with IC
  • Payee FAQ
  • FAQs
  • How IC works
  • Royalty Accounting Guide
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