Fees
What is a Fee?
A "Fee", also known as a "Cost, in Reprtoir, is an expense incurred by an Organization for activities such as songwriting sessions, master production, marketing campaigns, travel expenses, and more.
Fees are included in periodic Royalty Statement payments and may or may not be recouped by offsetting them against the amounts earned by the Rights-Holder from digital, physical, performance, mechanical, live music, tours, or merchandising revenue.
Until the amounts have been recouped, no additional royalties will be paid to the Rights-Holder. For more information, click the link to learn more about Royalty Recoupments.
Where can find the Fees List?
To display the Fees In list, go to the navigation menu at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Transactions" section, and click on the "Expenses" list.
Adding a Fee
To add a Fee, go to the navigation menu at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Transactions" section, and click on the "Expenses" list.
At the top right of the list, click the orange "New Expense" button and select "New Fee".
A pop-up window will open to enter the necessary data for the new Fee:
Details Tab
| Field | Instructions |
|---|---|
| Name * | Enter the Fee's Name (Mandatory) |
| Contract — Money Out * | Select the Fee's Label Contract Money Out (Mandatory) |
| Expense Date * | Enter the Fee's Expense Date (Mandatory) |
| Source Currency * | Select the Fee's Source Currency (Mandatory) |
| Amount * | Select the Fee's Amount (Mandatory) |
| Foreign Amount | Select the Fee's Foreign Amount |
| Notes | Enter Notes for the Income |
Tags Tab
| Fields | Instructions |
|---|---|
| Custom Tags | Enter Custom Tags for the Income |
Once filled in, click the orange "Save" button at the bottom right of the pop-up window to save the new Fee. The new Income will be opened in a new panel and displayed in the "Expenses" list.
Click the grey "Cancel" button to cancel the action.
Adding a new fee updates the Operations list and the Rights-Holder Balance list in real-time.
Editing a Fee
To edit a Fee, go to the navigation menu at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Transactions" section, and click on the "Expenses" list.
Find the Fee to edit in the list and click on its name. This will open the Fee.
Click on the "Edit" button at the top right of the list. This will open a pop-up window at the right of the Workspace to edit the Fee metadata.
To save, click the orange "Save" button at the bottom right of the pop-up window.
Click the grey "Cancel" button to cancel the action.
Only Name, Expense Date, and Notes can be edited on Fee. At this stage, if an error is detected, the Income must be deleted or reprocessed, depending on the use case.
Editing Fees in bulk
To edit Fees in bulk, go to the navigation menu at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Transactions" section, and click on the "Expenses" list.
Select one or more Fees in the list, right-click (or, when hovering over the Fees, click on the three dots on the right side), and then click on the "Edit" action in the opened contextual menu.
This will open a pop-up window at the right of the Workspace to mass edit the selected Fees' metadata. Please visit the Mass Edit article to learn more about this feature.
To save, click the orange "Save" button at the bottom right of the pop-up window.
Click the grey "Cancel" button to cancel the action.
Only Name, Expense Date, and Notes can be edited on Fees. At this stage, if an error is detected, the Income must be deleted or reprocessed, depending on the use case.
Deleting a Fee
To delete a Fee, go to the navigation menu at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Transactions" section, and click on the "Expenses" list.
Find the Fee to delete from the list and click on its name. This will open the Fee.
Click on the arrow icon behind the "Edit" button at the top right of the list and click on "Delete".
This will open a pop-up browser alert at the top of the Workspace.
To stop the action, click the "Cancel" button.
Click on the "OK" button to confirm the deletion.
Deleting Fees in bulk
To delete Fees in bulk, go to the navigation menu at the left of the Workspace, click on the "Royalty Accounting" icon, browse to the "Transactions" section, and click on the "Expenses" list.
Select one or more Fees in the list, right-click (or, when hovering over the Fees, click on the three dots on the right side), and then click on the "Delete" action in the opened contextual menu.
This will open a pop-up browser alert at the top of the Workspace.
To stop the action, click the "Cancel" button.
Click on the "OK" button to confirm the deletion.
Updated about 1 year ago