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Royalty Accounting Guide

Best practices, definitions, processes

  • How contracts work in IC
  • Additional Transactions aka "additionals"
  • Best Way To Do Merch Accounting
  • Transfers
  • Free DIY Royalty Statement Template + Guide
  • Expenses
  • Expenses vs. Transfers
  • Why are my expenses being split? I need them recouped in full!
  • Starting Balances
  • How to handle when an artist collects income directly
  • How to handle producer advances
  • Accounting for Wire/Transfer Fees
  • How to handle Bandcamp Fridays
  • Payee Share vs. Payee Balance
  • How to handle fulfillment expenses
  • Breakage explained
  • Accounting for payee out of pocket expenses
  • How to lock contracts/splits in place while changing them moving forward

Categories

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