Guide to Royalty and Rights Software
The latest update to the Easy Royalties software adds 5 new features;
A small publisher with 1 to 25 titles should look at AnyBook, a shareware solution that handles sales, inventory, marketing and royalties for book publishers.
Pricing for this software ranges from $269 for version III to $649 for version V
The royalty functionality of AnyBook is summarized in the chart below. [Read more...]
Easy Royalties works with Intuit’s QuickBooks accounting software to calculate royalties and generate statements.
You can export author (royalty recipient) and product information from QuickBooks and import this information into Easy Royalties.
Tip: If you assign a vendor type of author or royalty recipient to your vendors you can filter your vendor list to export only the authors (or royalty recipients).
Tip: Most book publishers add custom fields for list price, subject, format, royalty item and publication date to the item record.
List Price – to create a custom invoice with columns for list price and discounted price
Subject - to generate reports by subject area
Format - to show paper, hardcover, audiobook or digital
Royalty Item (Y/N) - to filter a sales file to show only royalty items
You can export sales from QuickBooks using their Sales by Item Detail report and import these sales into Easy Royalties.
Tip: Importing sales is easier if you use the price level option to assign discounts at a line item level. This means that each line item shows the discounted price. If you assign the invoice’ discount to a single line item at the bottom of the invoice you will need to modify your quickbooks export file to allocate the discount among the invoice’s line items.
Tip: You can create a custom QuickBooks invoice that has a column for the list price and a column for the discounted unit price if you define a field in the item record for the item’s list price.
You have the option to export payments owed to a file and then import this file into Quickbooks, using Transaction Pro Importer software from Bay State Consulting. You can also enter payables manually.
The Contracts and Contract Editing Solution, gives you a straightforward, simple process and eliminates the risk of having different contract data in the database and the printed contract. And what about those contracts with unrealistic conditions which your royalty calculation can’t handle? No worries!
• Use your own or company wide templates to enter your contract data
• Enter contract data easily
• Have total visibility of all your contract details
• Ensure data integrity
• Store all rights and subrights properly in one database
• Identify expiring rights
• Define Read only access to author / sales contract
• No more manual maintenance and filing of contracts
• Handle contract addenda automatically
• Have contracts expire automatically
• Freeze contracts once they are signed
• Create contract documents (author and sales contracts) based on contractual data in the database
• Draft contract documents easily via standard boilerplate language
• Use the full functionality of Word when creating contract documents
The latest version of the Easy Royalties software supports bundled products.
What are bundles? Bundles are products that consist of other products. Examples of bundles include sets, CDs, hymnals.
CDs and hymnals are bundlles of songs. A bundle might consist of a printed book and a digital book. Or a bundle might consist of a teachers guide and ten workbooks.
With this royalty software you can create a bundle for all of these. For each part of a bundle you can enter the quantity and the percentage of revenue that should be allocated to a title.
When you look at a title record you can view all bundles that contain this item.