Hello and welcome to Royalty Worx. We are glad to have you on board. If at any point you need any help or assistance then please don't hesitate to get in touch via one of these means. - Contact Us.
Royalty Worx : Actions Required
This article assumes that you have already completed your Actions Required that are listed on the right of your dashboard. If you still see any of these then please click the (?) next to each action and complete the required task.
Note: If you have not yet created your releases (Singles, EP & Albums) then please view this article as you will need to create your releases before following the next steps- How do I create a Release?
Remember These Terms
It's extremely important that you learn the following 4 terms and commit them to memory. This will greatly aid in your learning of the Royalty Worx system.
Licensors - These are Artists, Labels and other Companies that you music License FROM
Contracts In - These are the contracts you create when you license / sign a track to your label
Licensees - These are Artists, Labels and other Companies that you music License TO
Contracts Out - These are the contracts you create when you license a track to another label
We designed Royalty Worx to be user-friendly from the ground up so there are usually several ways of achieving the same results. The below Knowledge Base articles explain the most common methods which is the best place to start. We suggest you visit each of these articles and follow them through in the order specified.
1. Create your Licensors
a. How do I create a Licensor?
b. How do I link / unlink Artists and Licensors together?
2. Add expenses to your releases (Albums, EPs and Singles)
a. What are Expenses and how do I add them to my releases?
3. Setup your default deals (Contract In Templates)
a. How can I edit a Contract In template?
b. How do I create an additional Contract In Template?
4. Create your Contracts In
a. How do I create a Contract In?
5. Receive your Label Worx statements
a. How do I receive my Label Worx statements into Royalty Worx?
6. Input manual sales and licenses
a. How do I enter manual sales into Royalty Worx?
7. Import third party sales statements
a. How do I import sales from the stores I deal with directly?
8. Generating licensor statements
a. How do I generate Licensor / Artist statements?
Important: Once generated, we recommend thoroughly checking your licensor statements for errors before sending.
9. Sending your generated statements to your licensors
a. How do I email my generated Licensor Statements to my Licensors?
10. Receiving Invoices
a. How do I view and download invoices submitted from Licensors?
b. How do I pay a Licensor Invoice?
If you have completed all of the above you will have enough knowledge to use Royalty Worx with speed and efficiency.
Note: Once set up, we recommend integrating Royalty Worx into your workflow. This can be done by creating new licensors & licensees, Contracts In & Contracts Out, adding expenses and importing sales data when creating your releases or receiving a statement and not waiting until your next statement run to do everything.
If you do need a refresher at all next time it comes to generating your statements, please look through this Knowledge Base article for a breakdown of the steps required: Royalty Worx Refresher: What do I need to do to generate my next batch of statements?