Two blog entries ago, I wrote an article about using DashBook for U.S. mechanical rights interest calculations. With a little setup, DashBook makes this calculation automatic as you continue to sell, even if the rates change.
This time, I'll briefly discuss a very similar feature now -- the ability to specify a royalty on a track as a percentage of the sale amount. By setting up the royalty agreement as a percentage of the sale price, typically of net sales, DashBook will calculate the royalties using this percentage each time that this track is directly sold.
But what if the album is sold?
Well, DashBook now has the ability to use the price of the album (gross or net) divided by the number of tracks on that album -- automatically!
To see how to enter album products that contain tracks, I recommend that previous post.
There is one more thing about handling music or other royalties that I don't recall writing about: advances and recoupments. That'll be the subject of a future article, but feel free to email us if you'd like to know more about it now.
And don't forget that you can download a free trial of DashBook here.