Every royalty contract is linked to a royalty schedule. A schedule may be linked to one contract or several thousand contracts.
A royalty schedule determines:
- When royalty statements are created
- Royalty statement format
- Where royalty statement PDFs are saved
- The email template used when statements are emailed to royalty recipients
A book publishing house will have separate royalty schedules for annual, semi-annual royalties and quarterly royalties. A publisher with several imprints may have a different schedule for each imprint. This allows them to customize the royalty statement for each imprint. If important authors demand a more detailed statement their contracts can be assigned to a schedule with a detailed royalty statement format.
Data & functions > Royalty schedules
The Royalty schedules view is accessed from the Data & functions menu.