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