Make sure the artist or contract holder is fully aware of when they will receive their payments. [title] Collect tax information on each person who will be paid royalties.
[header] How to account for royalty payments [title] Negotiate contracts so that royalties are payable at regular intervals. [step] If possible, negotiate royalties so that they can be paid monthly, quarterly or semi-annually. In any case, be sure that you and your licensor are on the same page on the contract and payments terms.