Sale Product Incomes
What is a Sale Product Income?
A Sale Product Income represents revenue received by the Organization from the sale of physical or commercial products.
This type of Income typically originates from distributors, retailers, partners, or direct sales channels, and applies to products identified at the Product level rather than at the Track, Album, or Work level.
Unlike Royalty Statement Incomes, a Sale Product Income is not file based and does not rely on line level usage reporting.
A Sale Product Income is calculated by manually assigning one or several Products to an Income and dividing the amount according to the applicable contracts.
Where to find Sale Product Incomes
Sale Product 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.
Sale Product Income Step by Step
Follow the step by step process below to add and calculate a Sale Product Income:
- Adding the Sale Product Income
- Adding Products to the Sale Product Income
- Processing the Sale Product Income
◼ 1. Adding the Sale Product 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 Sale (Products)".
A panel opens to create the Sale Product Income.
Details
| Field | Description |
|---|---|
| Name | Internal name of the Income |
| Product Contract — Money In | Contract receiving the revenue |
| Sale Date | Date on which the sale 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 Products to the Sale Product Income
At this step, you must add the Product or Products on which the sale revenue will be calculated.
You can add Products in several ways:
- Click the "Add Products" button at the top right of the Income panel and select Products from the list
- Drag and drop Products directly from the Products list into the Sale Product Income panel
- Copy and paste Products from another list or selection
You may add one or multiple Products, depending on the sales context.
Once all Products are added, click the "Divide" button at the top right of the page to proceed.
◼ 3. Processing the Sale Product Income
Processing a Sale Product Income calculates the revenue distribution based on the selected Products 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 Sale Product 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 Product Contracts
- Contract Balances are updated accordingly
- Rights Holder Balances reflect the calculated amounts
Sale Product Incomes have immediate accounting impact once processed.
Updated about 3 hours ago