Royalties

The ACUMEN Royalties system is designed to significantly ease the work load involved in fulfilling your Royalties obligations. It can maximize your understanding of Royalty costs and improve your ability to communicate with authors regarding Royalty issues.

Royalty Features:

• On-line view of Royalty Earnings detail, Royalty Payments, and Royalty Payable information for any title, author, and/or time period is readily accessible.
• Royalty checks can be created automatically by a click of a button.
• Seamless, automatic updating of Royalty files is based on Invoice, Credit Memo, Check, Voucher and Adjustment transactions.
• Up to the minute earnings information is always available.
• Royalties can be tracked on a cash or accrual basis. ACUMEN's powerful "Royalty Fix" function enables you to recalculate the royalties for any title from any point in time. This not only updates all relevant royalty records, but the general ledger as well.
• Royalty Advances are tracked and can be viewed on-line.
• Earnings against Advances are tracked and can be viewed on-line or printed.

• You can create an unlimited number of authors per title, and each author can have a unique set of Royalty Rules (contract terms) and information for the title. This unique set of information for each author of a title is called a Royalty Record.
• Royalty Records are easy to create and accurately reflect Royalty contract terms.
• You can create an unlimited number of payees for each Royalty Record, allocated by %.
• A payee can be specified so as not to receive a statement.
• Royalty Rules can be based on the Royalty Type of an invoice or customer.
• Royalty Rules can be based on List Price, Net Price, Gross Profit, Gross Profit less Commission Cost, or Net Price less Commission Cost.
• Royalty Rules can be based on unit sales levels or sales value levels. These levels can be accumulated based on multiple editions.
• Royalty Rules can be based on different sales discounts.
• Royalty Rules earnings can be based on a percentage of sales value, or a fixed amount per unit sold.
• Royalty Rules criteria can be customized to your special needs.
• Reserves against returns can be specified by dollar amount or as a percentage of the payment due or as a percentage of total earnings.
• Earning periods and payment terms are easy to enter and are very flexible.

• Royalty Statements are detailed, yet easy to understand.
• Royalty statements can reflect all titles for a given author.
• Royalty Statements can be run at any time for any period.
• Royalty Statements can be printed for all contracts due for a period, or for any user-selected contracts.
• Multiple contracts can be combined on the same statement.
• Unrecovered Advances for one contract can be optionally applied against other contracts on the statement.
• Statement can optionally contain a summary of future earnings.

• Royalty Advance: A report containing the activity and balances of user-selected Royalty Advance Records.
• Royalty Detail*: A detailed report of royalty earnings.
• Royalty Detail Summary*: A summary report of royalty earnings.
• Royalty Payable Aging*: An aging report for royalties payable based on user-selected records.
• Royalty Payable Detail*: A detailed report of royalties payable based on user-selected records.
• Royalty Payable Summary*: A summary report of royalties payable based on user-selected records.
• Royalty Payments Due: An audit report showing payments due to authors.
• Royalty Report*: A detailed report of royalty records (contracts).
• Inv Transaction Royalty Audit: A report showing the full detail of royalty earnings for user-selected invoice and credit memo line items.

• Royalty Statement: A document that can be sent to authors showing royalty earnings and payments for a user-specified period.

Royalty Contract Screenshots
Royalty Tracking Screenshots