License Album Incomes
What is a License Album Income?
A License Album Income represents revenue received by the Organization for granting a license to use an Album, outside of a synchronization context.
This type of Income typically originates from third parties such as brands, platforms, media companies, or partners, for specific licensed uses of an Album as a whole.
Unlike Royalty Statement Incomes, a License Album Income is a direct, negotiated revenue and is not based on usage level reporting.
A License Album Income is calculated by manually assigning one or several Albums to an Income and dividing the amount according to the applicable contracts.
Where to find License Album Incomes
License Album Incomes are displayed in the Incomes list.
To access them, open the navigation menu on the left, click the "Royalty Accounting" icon, locate the "Transactions" section, and click the "Incomes" list.
License Album Income Step by Step
Follow the step by step process below to add and calculate a License Album Income:
- Adding the License Album Income
- Adding Albums to the License Album Income
- Processing the License Album Income
◼ 1. Adding the License Album Income
Open the navigation menu on the left, click the "Royalty Accounting" icon, locate the "Transactions" section, and click the "Incomes" list.
At the top right of the list, click the "New Income" button and select "New License (Albums)".
A panel opens to create the License Album Income.
Details
| Field | Description |
|---|---|
| Name | Internal name of the Income |
| Label Contract — Money In | Label Contract receiving the revenue |
| Sale Date | Date on which the license occurred |
| Payment Date | Date the Organization received the funds |
| Source Currency | Currency in which the amount was received |
| Net Amount | Net amount received by the Organization |
| Foreign Net Amount | Net amount in a foreign currency, if applicable |
| Foreign Gross Amount | Gross amount in a foreign currency, if applicable |
| Notes | Internal notes |
Tags
| Field | Description |
|---|---|
| Custom Tags | Tags assigned to the Income |
Once completed, click the "Save" button to create the Income.
The Income is created in "Draft" status and opened in a dedicated panel.
◼ 2. Adding Albums to the License Album Income
At this step, you must add the Album or Albums on which the license revenue will be calculated.
You can add Albums in several ways:
- Click the "Add Albums" button at the top right of the Income panel and select Albums from the list
- Drag and drop Albums directly from the Albums list into the License Album Income panel
- Copy and paste Albums from another list or selection
You may add one or multiple Albums, depending on the licensing agreement.
Once all Albums are added, click the "Divide" button at the top right of the page to proceed.
◼ 3. Processing the License Album Income
Processing a License Album Income calculates the royalty distribution based on the selected Albums and their associated contracts.
To process the Income:
Click the "Divide" button at the top right of the panel.
A confirmation panel opens, summarizing the Income details.
Click the "Save" button to launch the calculation.
During processing, the Income status switches to "Processing".
Once completed, the Income status switches to "Processed".
What happens after processing
When a License Album Income is processed:
- Accounting Operations are generated
- Operations are visible in the Operations tab of the Income panel and in the Operations list
- Operations are linked to the associated Label Contracts
- Contract Balances are updated accordingly
- Rights Holder Balances reflect the calculated royalties
License Album Incomes have immediate accounting impact once processed.
Updated about 3 hours ago