Version 4 – Author Minimum Payments

Many royalty contracts have a minimum payment clause. This clause states that if the amount payable is under a specified amount, the payment amount will be rolled over to the next period.

Version 3 of our royalty software allowed the use to specify this amount at the statement level. If the royalties owed were less than $25.00; example, the amount would be rolled over to the next royalty period.

Version 4 allows the user to specify a payment minimum at the author or statement level.

Author Level Statement Level
Title 1 Royalties $ 15.00 $ 15.00
Title 2 Royalties $ 20.00 $ 20.00
Royalties Payable: $ 30.00 $ 0.00

At the author level the royalty payable is  based on the total of all payables due for all the author’s statements in the royalty run. At the statement level the payment minimum is based on the royalties payable for each statement.

The royalty contract > contributor details panel you can determine whether the minimum payment amount is derived from all contracts linked to that author or this contract only.

royalty software payment minimum

Please feel free to contact us if you have any questions about this functionality or would like to see a demo of the software.