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One of the ways that you can count products for royalty reporting is to do it on a cash basis. Items are counted only if you have received payment for them. (For more information on counting methods, see Counting, Calculation and Structuring Methods.) For the best results, it's highly recommended that you use AnyBook's Mark Paid feature. By marking invoices paid, the program knows which items to include in its counts.
When you create royalty reports based on Cash-based Counting, AnyBook reviews each invoice. If the first paid date ("Date1") on the invoice falls within the start date and end date of the royalty report - and the author's book is listed in the Item Area, then AnyBook will include the total amount on the royalty report. (The total amount is the price of the book times the quantity minus any discount) . AnyBook always uses the total amount. If two payments (or more) were made on the invoice, AnyBook still uses the book's total. It doesn't divide it up according to payment. This avoids discrepancies and it prevents the situation where an item might be counted twice when a second payment is made. A major question that arises concerns credited items (such as returns and damages) is when should the credit be applied? Should it be applied during the same time period in which the original sale occurred? Should it be applied when the return occurred? Or should it be applied when the customer makes a lump sum payment in which the amount of the return has been subtracted? In order to provide consistency in royalty reports, AnyBook uses the following rule: returns or damages are credited at the time the invoice is issued. It doesn't matter when the invoice is paid or when the credit on the invoice is applied against the customer's account. What matters is the invoice date. Thus, any returns with an invoice date which fits within the designated time period will be counted for a cash-based royalty. This rule applies to both accrual and cash-based counting methods. This same rule also applies to fee invoices if you have indicated on the set-up screen that you want fees removed from net sales. Fee invoices are those in which you have coded the book with a sales code of "F."
Other parts of the Set-up Screen include: Name, Address, and Phone Blanks Email, Product, and Catalog Number Blanks Summary Name, Social Security, Active, and Code Counting, Calculation and Structuring Methods Options (Net and Profit Calculation Methods) Vary Rate Based on Pricing Level
For more information on setting up a royalty with a Variable Structure: Indicating the Number of Quantity Breakpoints Indicating the Number of Discount Ranges Entering Breakpoints & Royalty Rates for Variable Structure (Quantity) Entering Discount Ranges & Royalty Rates for Variable Structure (Discount) Entering Breakpoints, Ranges & Rates for Variable Structure (Quantity & Discount) |
