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Sandbox template by the royalty nerds at Infinite Catalog
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Check out our free royalty statement template and terms glossary
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How to UseGrand TotalsTo add a new period:
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- duplicate template via File -> Make a copyIncome$13,000
- insert three columns to the right
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- describe your scenario belowExpense-$4,000
- copy/paste the below box into them
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- describe "Events" for each PeriodNet$9,000
- change the period # and amounts
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- adjust income, expenses, transfers and splits to see how it plays outPayee Share$4,500
- Previous Balance will update!
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Transfers-$2,250
- pay down balances w/ Transfers
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ScenarioPayee Balance$2,250
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- 50/50 profit share deal w/ advancePayee Earnings$4,500transfers (flipped) + (positive) balances
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Catalog Earnings$4,500net + transfers - (positive) balances
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Period #1Period #2Period #3
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EventsEventsEvents
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Artist receives $2k advance from Catalog
Release recoups
Catalog pays out the previous balance
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Catalog pays for expenses
Release continues to generate income
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StatementStatementStatement
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Income$0Income$8,000Income$5,000
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Expenses-$3,000Expenses-$500Expenses-$500
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Net-$3,000Net$7,500Net$4,500
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Payee Split50%Payee Split50%Payee Split50%
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Payee Share-$1,500Payee Share$3,750Payee Share$2,250
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Previous Balance$0Previous Balance-$3,500Previous Balance$250
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Transfers-$2,000Transfers$0Transfers-$250
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Payee Balance-$3,500Payee Balance$250Payee Balance$2,250
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NotesNotesNotes
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