Royalty Statements
Revision as of 02:23, 19 February 2006 by Romancewiki (talk | contribs)
A royalty statement is a financial document that details the gross sales, returned items, other deduction, and the royalty rate applicable to the net sales. Statements are generally issued twice yearly, 60 to 90 days following the December and June month-ends. If payment is due with the statement, it is contractually required to be paid with the statement.
Electronic Publishers often issue monthly statements and payments. Some publishers may report more frequently, depending on their policy and negotiated terms with authors and agents.
