Royalty Accounting

Modules in this category

• Accounts Payable
• Advanced Participations
• Agency Module
• Contract Administration
• Participations
• Report Filtering
• Reports
• Reserves Processing
• Royalty Accounting
• Accounts Payable
• Advanced Participations
• Agency Module
• Contract Administration
• Participations
• Report Filtering
• Reports
• Reserves Processing
• Royalty Accounting

Module categories

• Data tools
• Database
• Day-to-day
• Document tools
• Email
• Finance
• Licensing
• Reporting
• Royalty
• Security
• System-wide

Category: Royalty

This section allows for input of sales information for the required reporting periods, automated and accurate calculation of the resulting royalty due (based on the rates set up in the contract), as well as the receipt of cash that comes from advance, guarantee, installment, and royalty payments. Royalty reports within the system require sales information to be input at the product level by territory and channel of distribution, allowing for approved sales adjustments. Overage (royalties in excess of the minimum guarantee) is automatically calculated. Cash receipts are entered in the currencies of the associated contracts then are converted by the system to a single base currency with gains or losses automatically applied to the correct account. The Receivables records (monies due) on the contracts are reconciled against the calculated royalties to insure all payments have been received. The Cash is always entered separately from the Royalty Report information to insure an accurate audit trail.