Royalty Software: Picks and Pans

July 2009
by Linda Carlson

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Royalty Software: Picks and Pans

by Linda Carlson

“Seriously ugly,” “cumbersome,” and “error-prone” are words some IBPA members use to describe their systems for tracking and calculating author and illustrator royalties. “We’ve outgrown our spreadsheet method” and “Would love something that brings us into the computer age!” are among the comments from other members eager to learn about software options.

Almost everyone agrees that a royalty tracking and payment program must:

be easy to install

be easy to use

be economical

accommodate discounts and payments for subrights and licensing

include good customer service and technical support

In addition, publishers using QuickBooks for accounting want royalty software that is QuickBooks-compatible.

Whether those criteria can be met depends on such factors as:

the publisher’s accounting and tech savvy

whether the publisher pays royalties based on cover price or publisher’s net

the number of books for which royalties and licensing fees must be paid

which countries the publisher’s authors live in

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