RoyaltyShare Sales Transaction Normalization

John Wiley & Sons, In.c (NYSE:JWa, JWb), a global provider of content and workflow solutions in areas of scientific, technical, medical, and scholarly research; professional development; and education uses RoyaltyShare’s SaaS Digital Advantage for eBooks to automate the processing and management of its worldwide eBook revenue. [Read more…]

Office Closed for Labor Day Holiday

The New York office of Easy Royaltiesd is closed for Labor Day on Monday September 2, 2013. The New York office will reopen on Tuesday September 3rd. [Read more…]

Upcoming Seminars for 2013

Upcoming royalty software online seminars for our clients include;

  • April 2013: How to use Pivot Tables to analyze sales information.
  • May 2013: Using the Microsoft PowerPivot add-in for Excel to analyze sales data stored in Easy Royalties.
  • June 2013: Generating royalty statements
  • July 2013: That’s Rights – our optional module for managing rights sales
  • August 2013: Sales Imports, including how to import the multi-currency Amazon KDP sales files.

Time and dates are posted on the first of each month. Attendance for each seminar is limited to 20 people.

Office Closed for Holidays

Our New York office will be closed Monday, December 24th through Tuesday, December 25th, 2012 for the Christmas Holidays.

Hurricane Sandy – New York Office Remains Open

During Hurricane Sandy we continued to offer technical support for our royalty software customers from our New York office.

You can contact our office via phone at 516-593-0480 or email me at Edwin@kensai.net

Scheduled support hours are from 9:00 AM to 8:00PM EST. Support is offered after 8:00PM by appointment.

eBook Royalty Rates 2012

Royalty rates for ebooks vary widely. We have seen rates ranging from 10% to 50%.

Current Royalty Rates

The big New York publishers have standardized on a 25% of net receipts royalty rate. These publishers provide authors access to their extensive publicity, marketing and distribution resources. These publishers also all cover design and editing services  at no cost to the author.

Open Road Media is offering a 50% of net receipts royalty to authors and estates for the right to e-publish their backlist titles.

O’Reilly Media pays the author 10% of all net income that they receive from all sales of whatever format or licensing agreement.

eBook romance publishers tend to pay royalties of 25% to 44% of net receipts.

eBook Royalty Survery for romance publishers

Trends

Publishers are willing to pay higher royalty rates for backlist titles that require no prepublication expenditures (editing, cover design, proofreading).

Some publishers offer escalating royalties on ebook sales to established authors.

New startup publishers are attempting to lure authors with promises of high royalty rates (as high as 100% of net receipts); however, the author is responsible for all costs associated with the book and they provide minimal or no marketing for the published work.

Ebook only publishers tend to pay ebook royalties monthly or quarterly.  Publishers offering books in print and ebook format tend to pay royalties semi-annually or annually.

The big NY publishers forecast rising ebook royalty rates due to competitive pressures from other publishers.

Publishers Weekly

Royalty software is the focus of the Publishers Weekly article: Rights and Royalties: A Game of Granularity by Rich Shivener. This article discusses the major software options available for publishers; larger and small and also mentions Easy Royalties.

“There are nearly 200 That’s Rights! and Easy Royalties users in 19 different countries. We work with a wide spectrum of book publishers, from small/medium-size organizations to rights departments of some of the ‘big six,’ and with types of publishers including children’s, Christian, educational, general literature, romance, and more,” says Bloom. The company’s That’s Rights! software provides marketing support and royalty accounting for rights sellers, while its EasyRoyalties is a “low-cost, flexible, and comprehensive sales and author royalties accounting package,” according to Bloom. The latest addition to its product line is That’s Rights! Agents, which targets literary agents who need a rights and author management package.

Read the PW royalty software article.

Klopotek February 2012

Klopotek royalty software 2012 February update enhances Klopotek functionality software with;

Integrated digital asset management to store scanned PDFs of  royalty contracts.

An option for authors to request access to their statements online. This is a service that makes life easier for the author and greatly reduces costs in terms of printing and mailing. The author will have a full history of statements over time accessible at will.

Statement currency by author The CR&R system can now automatically identify the statement currency required from the author settings and generate that statement as required. This is independent of the currency settings for revenue currency and the publisher’s defined main currency.

Klopotek is available as a hosted or a stand-alone royalty software solution for medium to large publishers.

Royalty Accounting Book Review

Royalty Accounting; an Amazon Kindle publication, is a short guide to accounting for royalty expenses and income.

The first four chapters review accounting journal entries for the assets, liabilities, expenses, and income accounts.

This is followed by four chapters that cover how to report royalty expenses and income on financial statements, management reporting of royalty activity, tax reporting requirements and a review of key issues for auditors.

The book closes with an overview of best practices for royalty accounting and a chapter on royalty software selection.

The chapter on royalty software selection highlights the key criteria that many companies follow when selecting royalty software.  It closes with royalty software recommendations for various types of companies; small companies, mid-sized companies, large companies, music companies and companies that use Microsoft Dynamics financial management software.

The appendices include a listing of IRS tax forms for royalty reporting, a directory of royalty software vendors and instructions on how to configure QuickBooks for use with royalty software.

Frankfurt Book Fair 2011

Easy Royaltes/That’s Rights will be at the FrankFurt Book Fair; October 12 through October 16, 2012.

Visit our stand at Hall 8.0, Booth L974.

To make an appointment.

At Frankfurt we will be unveiling our new That’s Authors product for Literary Agents.