Royalty Accounting

Royalty Accounting shows you how to account for royalty expenses and rights income. Chapters on the balance sheet accounts, expense and income accounts include examples of journal entries used to record royalty activity.

The management reporting chapter includes a sample management report that is used to future highlight cash requirements and important trends for royalty expenses and rights income.

This updated edition includes a new chapter on book publishing royalties.

The Financial Audit Issues chapter summarizes what public accountants look for when auditing royalties. The chapter on tax reporting covers IRS requirements for reporting royalties paid to US residents and non-residents. In the Best Practices chapter you will find the 10 questions that should be asked when evaluating royalty operations. The chapter on royalty software presents an overview of the leading royalty software solutions along with a link to a trial version of one of the leading rights and royalty solutions for small to medium sized publishers.

Appendix I - Glossary of Royalty Accounting Terms
Appendix II - IRS Forms and Publications for Reporting Royalty Payments
Appendix III - General Ledger Accounts for Rights and Royalties
Appendix IV - Royalty Software Vendor Directory
Appendix V - QuickBooks Software Configuration

Note: Royalty Accounting makes extensive use of tables which are not supported on the first edition Kindle (Kindle 1) that was released in 2007.