So, you have your product titles entered into DashBook (perhaps using the book ISBN import from the internet), you've defined the royalty agreements that dictate the amounts accrued to the rights holders upon sales, and you've entered sales. That's all you need to do, right? Well, almost. DashBook does automatically calculate the royalties that accrue, but upon your payment period, you'll need to actually pay your authors. You pay your authors the amount accrued above their payment threshold (no need to send 40 cent checks), then you record the amount paid within DashBook.
One of my favorite new features in version 2 of DashBook is the ability to pay royalties (to authors, musicians, cinematographers, etc.) directly using PayPal. We now have a single screen that shows all of the royalty amounts accrued above the respective holders' thresholds, and all you have to do is click to pay them all, and record those payments.
Yes, there is some setup involved in this. Aside from needing a funded PayPal account, you need to retrieve what is essentially password information from PayPal to enter into DashBook so that it can pay from your account. You'll also need to acquire the paypal account names for each author using this method, or simply use their email address and PayPal will invite them into the system.
PayPal charges a maximum of $1 for each payment, which is not much more than the cost of a stamp and envelope. What do we charge for this service? Nothing! All customers of any DashBook version above the free Lite version get this service free of charge.
How's that for making your royalty payments easier?