License Work Incomes
What is a License Work Income?
A License Work Income represents revenue received by the Organization for granting a license to use a Work (composition or copyright), outside of a synchronization context.
This type of Income typically originates from third parties such as media companies, platforms, brands, or partners, for specific licensed uses of a musical Work.
Unlike Royalty Statement Incomes, a License Work Income is a direct, negotiated revenue and is not based on usage level reporting.
A License Work Income is calculated by manually assigning one or several Works to an Income and dividing the amount according to the applicable publishing contracts.
Where to find License Work Incomes
License Work 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 Work Income Step by Step
Follow the step by step process below to add and calculate a License Work Income:
- Adding the License Work Income
- Adding Works to the License Work Income
- Processing the License Work Income
◼ 1. Adding the License Work 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 (Works)".
A panel opens to create the License Work Income.
Details
| Field | Description |
|---|---|
| Name | Internal name of the Income |
| Publisher Contract — Money In | Publishing 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 Works to the License Work Income
At this step, you must add the Work or Works on which the license revenue will be calculated.
You can add Works in several ways:
- Click the "Add Works" button at the top right of the Income panel and select Works from the list
- Drag and drop Works directly from the Works list into the License Work Income panel
- Copy and paste Works from another list or selection
You may add one or multiple Works, depending on the licensing agreement.
Once all Works are added, click the "Divide" button at the top right of the page to proceed.
◼ 3. Processing the License Work Income
Processing a License Work Income calculates the royalty distribution based on the selected Works and their associated publishing 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 Work 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 Publishing Contracts
- Contract Balances are updated accordingly
- Rights Holder Balances reflect the calculated royalties
License Work Incomes have immediate accounting impact once processed.
Updated about 3 hours ago