Royalty Agreements Workspace

Use this workspace to create and maintain information that is related to royalty agreements (for example, an agreement with a writer to pay royalties on a book).

You can choose either of two types of royalty agreements: royalty billing based on turnover, or royalty billing based on the number of copies sold.

In addition, you can create and approve a billing selection directly from this workspace.

Maconomy calculates royalties when items are invoiced in the Sales Orders workspace, or when you enter an invoice manually in the Invoices workspace in the Sales Orders module.

In the tab, you enter information about each company-specific vendor; in the sub-tab you enter information about the vendor's royalty agreement. In the sub-tab you can enter two ranges; the first range describes the validity period of the agreement, and the second range describes a number range. The number range represents the range of copies that must be sold if payment of the agreed-to royalty occurs.

When you create a royalty billing selection, Maconomy updates the billing selection by updating royalties that have already been paid in accordance with other settlements and the specified number range for the current royalty agreement. You can cancel a royalty billing by changing the agreement in the sub-tab.