Accounting Basics – Artist Accounts

DJ Lazy Rich Accounting Leave a Comment

The number one question we get asked at Label Engine in regards to accounting is “what is the ‘Accounts’ drop-down for”? To delve into the reasoning behind it, let me first explain two different accounting methods that labels commonly use for royalty allocations. The first system is on a per-track basis. For each track, the label agrees with the artist …

Pre-allocations, what are they and why should I use them?

DJ Lazy Rich Accounting, Articles 1 Comment

Recently we’ve been working a lot on incorporating a pre-allocation system into Label Engine, but what are pre-allocations and why should you care? Well, with the standard way that most of you are used to doing your accounts with Label Engine, each time you upload a new statement you see a list of your royalties and work your way through …