Level-up Your Accounting With Royalty Worx | Label Worx
This website uses cookies to give you an incredible experience. By using this website you agree to the terms This website uses cookies, learn more ×

Label Worx

Top

 

NEWS NEWS

NEWS

Level-up Your Accounting With Royalty Worx
Posted By : Simon Tillotson
|
Posted Date : May 13th, 2021

Run A Label With Great Foundations

Running a great label is about more than just releasing great music. It's about the way you conduct business and love it or hate it: accounting is a big part of running a business.

Royalty statements are an integral part of the label-artist relationship and for the most part, you'll find that transparency counts for a lot more than a payout.

If you account to your artists in full and on time, it shows that you take your label seriously and they should too.


Not An Accountant? No Problem

We know that things can get complicated very quickly when it comes to statements; with Royalty Worx you don't need to be an accountant to keep on top of your accounts.

Royalty Worx is a powerful, cloud-based accounting solution developed by Label Worx specifically for independent record labels to streamline every step of the accounting process.

At the click of a button, Royalty Worx's impeccably accurate data management capabilities allow you to work with all kinds of deal structures - from single artist contracts to complex collaborations with split percentages.


A Universal Solution

You can import statements in any format from any distributor, store or streaming service; our AutoMatch technology will process them and automatically allocate sales to artists and licensors.

It's an industry-leading tool that will revolutionise the way you account for digital downloads, streaming, licensing and physical sales royalties.

Royalty Worx allows you to send, receive and manage your artist and licensor invoices online to save your inbox from unnecessary clutter.

With flexible pricing, options for accounting in your local currency of choice and PayPal integration, Royalty Worx is suitable for any label, anywhere.


Click HERE to find out more and sign up for your free trial

www.labelworx.com/royalty

 

Next Article : Label Management 101: Capturing a Global Audience

Do you have questions?

Our team of specialists are on hand to answer all of your questions so please don't hesitate to get in contact.

GET IN TOUCH

Join Label Worx today

Signing up is quick and easy using our online form. Complete this and one of our Account Managers will be in touch.

SIGN UP TODAY

More News

What Do Great Promo Campaigns Have in Common?

Our News   /   June 2nd, 2021

What Do Great Promo Campaigns Have in Common?

What do great promo campaigns have in common?

#CreateSuccess with AIM Future Independents

Our News   /   May 19th, 2021

#CreateSuccess with AIM Future Independents

We'll see you at AIM Future Independents

Label Management 101: Capturing a Global Audience

Our News   /   April 14th, 2021

Label Management 101: Capturing a Global Audience

This week, we're taking a closer look at the foundations of music distribution as we look at some of the different types of DSP we distribute to, and why you should consider the territories they operate in.

Free Spotify Webinar With Mixtank

Our News   /   March 18th, 2021

Free Spotify Webinar With Mixtank

Register your free place on Mixtank's Spotify webinar.

New DSP: SberZvuk

Our News   /   March 17th, 2021

New DSP: SberZvuk

We are excited to announce our first new DSP Integration of 2021: SberZvuk SberZvuk is a streaming service that offers thousands of curated playlists, top charts and personalised recommendations - all in the single application. The streaming service, formerly known as Zvuk, was acquired but Russia's largest bank Sberbank then renamed to SberZvuk. The streaming service will become part of the company's new product family, alongside SberBox, a TV streaming device, and SberPortal, a smart speaker with a screen that offers voice and gesture recognition. People listen to SberZvuk in Russia, Azerbaijan, Armenia, Georgia, Kazakhstan, Kyrgyzstan, Moldova, the Republic of Belarus, Tajikistan, Turkmenistan, Uzbekistan and Ukraine.

Promotion & Marketing: Release Day Checklist

Our News   /   March 11th, 2021

Promotion & Marketing: Release Day Checklist

In the first of our Promotion & Marketing series, we've put together a Release Day Checklist.

Firestarters: How To Start A Digital Record Label

Our News   /   March 9th, 2021

Firestarters: How To Start A Digital Record Label

Join in our discussion as part of The Firestarters 'Virtual Festival of Conversation'

Label Management 101: Understanding the Language

Our News   /   February 26th, 2021

Label Management 101: Understanding the Language

Starting a record label is easy - making it a success is the difficult part. All successful labels are built on the same solid foundations and in our new Label Management 101 series, we'll explain what they are and how you can apply them to your own label.

10% Off Custom Spotify Canvas Videos

Our News   /   February 18th, 2021

10% Off Custom Spotify Canvas Videos

10% Off Custom Spotify Canvas Videos with Rotor

2020 End Of Year Roundup

Our News   /   December 23rd, 2020

2020 End Of Year Roundup

Well, it's fair to say that 2020 has been a mixed year and one that has changed not only our industry but the entire world as we move into 2021. Despite the challenges facing us, we will look back on 2020 as a year to be proud of with some big developments for Label Worx both internally and externally. We've grown as a company and continue to offer world-class label services, and we have collaborated with teams across the industry to launch some really exciting projects throughout the year.

Beatport Introduces New Genre - Electro [Classic / Detroit / Modern]

Industry News   /   December 9th, 2020

Beatport Introduces New Genre - Electro [Classic / Detroit / Modern]

Genre launch creates a new home for the pioneering sound born out of the Motor City, Rotterdam, and beyond. Beatport, the world's number one destination for electronic music, has just announced that it will add a brand new genre category to the store: Electro [Classic / Detroit / Modern].

Expert advice for artists & labels from Facebook's Music Partnerships Lead, Erik Giusti

Industry News   /   December 8th, 2020

Expert advice for artists & labels from Facebook's Music Partnerships Lead, Erik Giusti

Do you want to learn effective strategies to get the most out of Facebook and Instagram directly from someone who works there? Do you want to ask questions about how labels and artists can use the platforms to promote music to someone who has experience marketing music for major labels? Would you like to access all this for FREE?

'Finding Your Sound' - Live Webinar with Demuir

Industry News   /   December 7th, 2020

'Finding Your Sound' - Live Webinar with Demuir

On Sunday 13th December, we will be launching Mixtank's new webinar series with one of the scene's most respected and successful producers - Demuir.

Guiding your way through Instagram

Industry News   /   December 3rd, 2020

Guiding your way through Instagram

Instagram's impressive growth throughout 2020 continues with the launch of another exciting new feature to get to grips with and incorporate into your promo and content strategy - 'Guides'.

Spotify Canvas available to all artists

Our News   /   November 20th, 2020

Spotify Canvas available to all artists

Big news from Spotify and Label Worx, from today the Canvas feature will be available to all artists on your roster moving forward. In addition to being a great branding tool, Spotify Canvas has shown to consistently drive key performance metrics, such as social shares (+145% average vs. control group), streams (+5%), saves (+1.4%), adds to user playlists (+20%) and visits the artist's profile page (+9%). The Spotify Canvas microsite, canvas.spotify.com, is the source of truth for all things Canvas related - it has specs, a guide on 'how to upload', and their content policy. Spotify are also introducing a new Canvas category on SoundBetter, where artist teams can find and hire credible visual designers to help them make their assets. Spotify Canvas will remain inaccessible to consumers in these markets: Russia, Ukraine, Belarus, Kazakhstan, Moldova, MENA (Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia, United Arab Emirates, India We look forward to seeing how your artists continue to express their creativity with the format.

Redesigned public Label Copy tool

Our News   /   November 19th, 2020

Redesigned public Label Copy tool

Our Label Copy tool is something used by labels on a daily basis. This tool enables labels to quickly export label copy for a particular release or track. If you license your music to third parties you will have already realised how important this little feature has become. It is simple but it saves a lot of time! We have now gone one step further and redesigned the public Label Copy tool, with an improvement that now gives you the ability to now generate a link for the Label Copy and email that to your recipients. This public link takes you to a web a page, which contains all of the required label copy information. It even has a download option if your recipient wishes to keep a copy.

TikTok Tips & Tricks

Industry News   /   November 18th, 2020

TikTok Tips & Tricks

It's fair to say that TikTok is more than a passing craze - with over 800 million active users worldwide and a huge focus on sounds and music, it has the potential to have a real impact on your brand and therefore is a platform that labels and artists need to take seriously.

New DSP: ACRCloud

Our News   /   November 13th, 2020

New DSP: ACRCloud

We are excited to announce our latest DSP Integration: ACRCloud ACRCloud provides, among other things, automated content recognition ('ACR') of audio and audio-visual content for third party digital service providers and social media partners. ACRCloud has partnered with a number of Partners (including Deezer, AWA, KKBOX, NetEase Cloud Music and Anghami) in order to enable the Partners to scan and fingerprint uploaded content including user generated content ('UGC') before it makes such content available on its service. Once a piece of uploaded content is scanned and fingerprinted, this will additionally help ACRCloud's partners to more effectively identify, and consequently monetize, your content.

 

afemchewdj-voicemfitpaypalrightsterstemstonedenyour-edm