royalty Audits
At Royalty Solutions Corp, we understand that every penny counts when it comes to royalties. Our Royalty Audit Services are designed to ensure accuracy, transparency, and compliance in your royalty accounting. Whether you're an artist, producer, publisher, or label, our team works diligently to uncover potential discrepancies, recover missing income, and provide peace of mind through detailed financial insights.
What is Royalty Audit?
A Royalty Audit is a thorough review of royalty processes, payments, and documentation to verify that every transaction aligns with contractual terms. This process not only protects your earnings but also enhances trust in your financial reporting systems.
Our audits help identify:
Missing income
Inaccurate deductions
Incorrect revenue splits
Our Audit Process
Review of Contracts and Agreements
We meticulously examine all agreements between artists, producers, publishers, and labels. From revenue splits to mechanical and performance royalties, we ensure that all contractual obligations are honored.Track and Release Verification
Using royalty statements, we confirm that every track or release you’ve contributed to is accounted for. We also identify and address any tracks reported without corresponding contracts.Sales Data Verification
Our experts ensure that all revenue sources—sales, streams, and licensing—are accurately reflected in royalty statements.Recalculation of Royalties
We validate every calculation, including percentage splits, deductions (such as expenses and advances), and royalty rates. This includes income streams from sales, streaming, sync licenses, and more.Expense and Recoupment Analysis
We scrutinize recoupable expenses like recording costs, marketing budgets, and advances, ensuring compliance with contract terms. Our analysis guarantees accurate revenue allocation toward recoupment.Cross-Referencing Statements
To ensure consistency, we cross-check producer and publisher statements against your royalty reports, providing a comprehensive overview of your earnings.
Why Choose Royalty Solutions Corp?
Our commitment goes beyond auditing; we deliver actionable insights that help you optimize your royalty management systems.
Once the audit is complete, you’ll receive a detailed report outlining:
Errors and miscalculations
Areas of concern
Tailored recommendations for corrective actions and system improvements
At Royalty Solutions Corp, our goal is to simplify the complex and ensure your hard work translates into rightful earnings. With our expertise, you’ll gain confidence in your financial reporting and move forward knowing your royalties are protected and accurately accounted for.