To manage your subscription click – Settings > Subscription Details. From this page you may view your balance, make payments,and change your subscription type. If you would like to change your currency please contact support at support@label-engine.com Label Engine will display your chosen currency, account balance, and subscription type in the first two cells of the subscription window. If you …
Editing your invoice details
To edit your invoice details start by clicking – Settings > invoice details. From this page you will be able to set up what information is displayed on your invoices. It is important to remember to fill out the form with the full name and address of the company. In the payment details field, enter in the information your clients …
Edit your account details
To edit your account details click on your account name at the top of the page next to the search bar. From this page you can edit account information like your name, email address and account password. Once you have changed an existing field make sure to click the update/change password buttons to update your account information. RELATED ARTICLES Managing …
Stats added to accounting section
We’ve added a few simple graphs to the accounting section for each release allowing you to see a breakdown of sales by territory, vendor, media type etc. We will be expanding this section over the coming months to add more detail and functionality. As usual, let us know if you have any questions. How to view them: 1) Click On …
Licensing Section Updated
For those with accounting or full subscription, as well as our distribution customers, our Licensing section has been updated to speed up the allocation of royalties from Licenses. From the Licensing page under Accounts you will be able to enter details of each 3rd party release that your tracks are included in – you are now able to enter the …
Royalty Streaming Categorization Added
We’ve updated the accounting system to distinguish between downloads and streaming sales, allowing you to provide more accurate data to your artists, and to specify different allocations for streaming sales. Splits now include the option of specifying whether they apply to downloads, streaming or both, meaning our accounts subscription customers can set pre-allocations for each to automatically handle each type …
Accounting Basics – Expenses
The various costs incurred when putting out a release can quickly amount up to a large amount of money, not to mention all those pesky Label Engine subscription fees! The expenses section allows you to keep track of all these costs and fees and also pass on some of the expense to your artists if your label policy requires it. …
Accounting Basics – Allocating Royalties
The allocation screen can be a little daunting when you first use it, however it really is very straightforward. When a lot of labels begin using their system they think that we will automatically be able to do their accounts for them, however this unfortunately is not the case and it can require a substantial investment of time get things …
Accounting Basics – Templates
As your label grows, you will notice that you have more and more royalties to allocate each quarter. To speed up the allocation of royalties you can use Label Engine’s template system. Templates are used to specify what percentage of an original track goes to the original artist(s), what percentage goes to other companies, and what percentage goes to the …
Why isn’t my label making any money? Some advice from the semi-pros
I’ve been running Big Fish Recordings for the past three years or so, and while I certainly can’t claim to having one of the bigger labels out there, I will claim to knowing a thing or two about running a profitable label. My first piece of advice is to keep costs down to a minimum when starting your label. Artwork …