Record Label Royalty Accounting
As the landscape of the music and entertainment industry is constantly evolving, accurate and timely royalty processing is needed now more than ever. Not only does a company need royalty software, which can be expensive to purchase and maintain, experienced staff is required to process the royalties accurately and efficiently.
Royalty Solutions Corporation understands these challenges and offers a variety of label services to prioritize your royalty processing. RSC is the answer to processing royalties rather than having an in-house royalty department. Our staff is fully trained and dedicated to royalties and will ensure that everything is accounted for properly.
Royalty Accounting Outsourcing
Royalty Solutions provides a complete turnkey solution for your royalty department, eliminating the staffing overhead and technical complexities of managing a fully-functional royalty department. Royalty Solutions has the systems and experienced staff to fulfill your label’s royalty needs.
Advantages of outsourcing
Focus on Your Core Business
The creative side of your business is the priority. Avoid distracting from your company’s mission with administrative work.
Economy & Efficiency of centralized business services
Creating a royalty department from scratch or expanding already strained operations is expensive and unnecessary. Take advantage of the economy of consolidated services without the investment.
Best in class software without hassle or commitment
Self-service software “solutions” saddle your company with more technology to be mastered and maintained. Get access to enterprise level software and experienced staff.
Personal service from a Trusted Partner
We can function as your company’s royalty department.
Expertise in a specialized area of the music industry
We bring together a team of experts with intimate knowledge of all areas of the music business - finance, accounting, technology, and operations.
Professional statement delivery
We provide professionally prepared, accurate, and on time statements.
Be assured of Compliance
Mistakes in royalty reporting can burden your company with audits and penalties
Maintenance of Product Label Copy
Catalog Management: We ingest and validate all of your product metadata, creating an accurate and comprehensive catalog database. This ensures all data is up-to-date and correctly formatted, facilitating efficient royalty processing and reporting.
Artist / Producer / Side Artist Contract Analysis
Detailed Contract Review: Our industry professionals meticulously analyze your contracts line-by-line, entering the corresponding royalty models into our processing software. With extensive experience handling a variety of non-traditional deal structures, we ensure accurate and reliable royalty calculations.
Label Expenses
Expense Management: We manage all expenses incurred across your various projects, ensuring they are deducted or recouped from the appropriate parties at the correct percentages. This includes detailed tracking and allocation of costs.
Distributor Statements/Portal Login
Sales Data Integration: We interface, reconcile, and ingest your sales data from distributor statements or portal logins. Simply forward the data to us or provide access, and we’ll handle the rest, ensuring accurate and timely data processing.
Third-Party/Synchronization Income
Income Allocation: Inform us of any ancillary income such as synchronization fees, and we’ll ensure it is credited to the appropriate parties at the correct rates and percentages. Our system tracks and allocates all types of third-party income accurately.
Artist/Producer Statement Generation
Comprehensive Statements: Generate detailed royalty statements for artists, producers, and side artists, ensuring transparency and accuracy in royalty distributions. Our reports provide a clear breakdown of earnings by source, helping stakeholders understand their income.
Mechanical Royalty Statements
Mechanical Royalty Calculations: Generate detailed mechanical royalty statements to ensure all rights holders receive accurate payments for physical and digital reproductions of their works. Our system handles the complexities of mechanical royalties, ensuring compliance with industry standards.
Statement Delivery and Payment Processing
Timely Statements: We provide accurate, timely, and professionally prepared royalty statements on a semi-annual, quarterly, or monthly basis, depending on your reporting needs. Additionally, we can handle the distribution of statements and payments on your behalf, ensuring prompt and efficient payouts.
Company Branding
Custom Branded Statements: We offer the option to brand your royalty statements with your company logo, providing a professional and personalized touch that reinforces your brand identity.
Informative Reports
Comprehensive Reporting: We provide a range of detailed reports, including sales history, income reports by product, reconciliation reporting, and profit and loss statements. These reports offer valuable insights into your financial performance and help you make informed business decisions.
At Royalty Solutions, our royalty accounting services are designed to provide you with the accuracy, transparency, and efficiency you need to manage your royalties effectively. Let us handle the complexities of royalty accounting so you can focus on creating and promoting great music.
Royalty Accounting Services Offered
Maintenance of Product Label Copy - We will ingest and validate all of your product metadata creating an accurate and comprehensive catalog database.
Artist / Producer / Side Artist Contract Analysis - You can literally dump these on our desk. Our industry professionals will comb through your agreements line-by-line and enter the corresponding royalty models into our processing software. Rest assured knowing that we’ve yet to come across an agreement nuanced enough to put us off-balance. Over the years we’ve come across a host of “non-traditional” deal structuring and have been able to successfully process them all.
Label Expenses - We will ensure that all of the expenses incurred across your various projects are deducted/recouped from the appropriate parties, at the appropriate percentages.
Distributor Statements/Portal Login - We will interface, reconcile, and ingest your sales data. Simply forward the data along, or provide us access and we’ll take it from there.
Third-Party/Synchronization Income - Let us know about any applicable ancillary income and we’ll ensure it is credited to the appropriate parties, at the appropriate rates and percentages.
Statement Delivery and payment processing - We provide you with accurate, timely, and professionally prepared royalty statements on a semi-annual, quarterly, or monthly basis depending on your reporting needs. Royalty Solutions can also handle the statement and payment distributions on your behalf if you so choose.
Company Logo - Statements branded to your liking.
Informative Reports - We provide sales history reports, income reports by products, reconciliation reporting, profit and loss statements
Other Services Offered
SoundExchange - Registration, administration, and royalty collection
YouTube - Registration, administration, and royalty collection
Royalty Collection - World-wide publishing royalty collection