| Set-Up Screen: Keep Running Tally Box |
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Keep Running Tally Box The Running Tally feature keeps track of accumulated sales. When this feature is turned on, each time you do a royalty report, the number of products sold will be updated, and you'll always know how many total units have been sold. To turn on the Running Tally feature, click on the check box:
If you will be using the Running Tally feature, you may find it easiest to enter the "As Of Date" before the making an entry in the "Number Sold" blank. In the "As Of Date" blank, enter the ending date of your last royalty accounting period. For instance, let's say that you will be doing reports for 2015. If you provide royalty accounting reports at the end of the calendar year, the "As of Date" will be 12/31/14. If you'll be doing reports for 2016, the "As of Date" will be 12/31/15.
Now that you have the "As of Date," enter the number of products sold in the "Total Number Sold" blank as of that date. If you're entering information for a new royalty holder and his or her product has just started to sell, the total number sold will be Zero (0). So if, as of 12/31/12, you've sold no products yet, you would enter a "0" in the blank. See below for an example:
You can access additional information about the Running Tally feature if you click on "More" button in the Running Tally box. This brings up the Running Tally dialog box. The dialog box has an insertion feature which will automatically insert the "As Of Date" for you. The program, of course, is guessing at the "As Of Date," and after it inserts it, you should double check the date to make sure it is correct. The Running Tally feature is optional unless you have a royalty holder with a Variable Structure (Quantity Option). In such cases, "Total Sold" and "As Of Date" are necessary since the royalty paid depends on accumulated totals. If the royalty system you have chosen is not Variable Structure (Quantity Option), it's up to you whether or not you want to keep a running tally. Keeping a running tally requires no effort on your part if you provide royalty reports to royalty holders on a regular basis. AnyBook will automatically update it and keep track of the total as you issue reports. But if you generate royalty reports at odd intervals, keeping a running tally becomes more complicated. A Running Tally Wizard has been built into the program to assist you when you go out of order, but it does require some extra work on your part. As long as you are not using Quantity Breakpoints, you can turn it off (by removing the checkmark) if you find the feature is not useful. If you find that you have an inaccurate Total Number Sold figure, here more information: Fixing An Inaccurate Total Sold Figure. For more information on Running Tally and specific examples, see Running Tally Dialog Box. 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)
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