McGraw-Hill Education selects Advance Rights & Royalties
Publishing Technology welcomes McGraw-Hill Education, the seventh largest publisher in the world, as our newest client. The global provider of educational materials, information and solutions will be...
View ArticleThat’s Permissions
That’s Rights (aka Easy Royalties) released a new add-on module called That’s Permissions. This module allows publishers to track the permissions they have granted to others and the permissions that...
View ArticleRoyalty Payables
Companies with large royalty expenses; such as book publishers, usually use a seperate payables account for their royalty liabilities. Seperating operating payables from royalties payable raises the...
View ArticleRoyalty Expense Accounts
Royalty and licensing expenses are usually tracked with four royalty expense accounts; 1. Royalty Expenses (consolidated). Many organizations use a roll-up account to summarize the balances of their...
View ArticleQuickBooks Royalty Software Sales Import
Importing QuickBooks sales into most royalty software solutions is simple. Export the sales from QuickBooks in Excel format. Then import the file into your royalty software. The example below shows how...
View ArticleQuickbooks and Authors
To use QuickBooks with royalty software; such as Easy Royalties, you need to configure your vendor file to 1) faciliate exporting author information to your royalty software and 2) properly report...
View ArticlePerformance Rights Organizations
Performance Rights Organizations (PROs) are organizations that collect license fees from businesses that use music (TV, radio, elevators, sports stadiums, stores and restaurants) and distribute those...
View Article10 Questions for your Royalty Manager
How do you evaluate your royalty accounting operations? Listed below are the questions we ask when looking at royalty operations; Is all royalty basis revenue accounted for? Are statements and payments...
View Article2011 Industry Overview
The leading royalty software solutions for publishers with revenue of $50M+ are: Klopotek Contracts, Rights and Royalties Strengths: Powerful solution that covers acquistions, rights and royalties....
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Royalty Accounting Book
Royalty Accounting by Edwin Fager is an Amazon Kindle book that shows you how to account for royalty expenses and rights income. Chapters on the balance sheet accounts, expense and income accounts...
View ArticleTaylor & Francis Selects Klopotek Royalty Solution
Leading academic publisher Taylor & Francis has embarked on a project to implement the Klopotek CR&R (Contracts, Rights & Royalties) solution to manage its increasingly complex rights and...
View ArticleLinkedin – Royalty Accounting Best Practices
LinkedIn has a group on royalty accounting best practices. In this group best practices for royalty software selection are discussed along with how to report rights and royalties income in accordance...
View ArticleChronicle Books Goes Live on FADEL IPM Suite
FADEL announced the go-live at Chronicle Books of IPM (Intellectual Property Management) Suite integrated with Oracle’s E-Business Suite. Chronicle Books is an independent publisher offering...
View ArticleRoyalty Accounts Balance Sheet
Many royalty systems can generate a balance sheet report. This one page report shows the balances of royalty related balance sheet accounts as of a specific date. Example: Royalty Balance Sheet as of...
View ArticleRoyalty Software Selection Tips
Here are four items to consider when evaluating royalty & rights management software; First – Can I easily migrate data to another system in 1, 5, 10 or 20 years? I don’t want to be locked into a...
View ArticleData Backups
Summmary: Royalty data files should be backed up daily as it can take weeks or months to recreate the lost data, if the data is available. Small Company without an IT Staff Protecting your data is a...
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Royalty Statement Portals
Author (and artist) royalty portals are hot royalty software functionality for 2013. The top tier royalty systems have portals for their licensors (authors, artists, etc.) to access information. Many...
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Configuring QuickBooks Customers & Items for Royalties
If you use QuickBooks as the source of your royalty software’s sales and product imports you will likely need to define custom fields for your customers and items. Customers If your royalties vary by...
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Royalty Terms
Royalty Terms are conditions and rules that apply to the entire contract. When evaluating royalty software you should confirm that the current and future terms required by your company are supported...
View ArticleEnvy and Greed in Software Selection
The two sins of royalty selection are envy and greed. Envy Envy is when an organization purchases software solely because it is used by a larger competitor. I encountered a small publisher that spent...
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