Royalty Processing, Statements & Payments Overview
Upload Royalty Statements in Their Original Format
You can upload royalty statements exactly as you receive them. There's no reformatting, no copy-and-paste, and no manual spreadsheet cleanup. Whether your statements come from DSPs, distributors, PROs, or sub-publishers, you can upload the original files and let Penny Royalty handle the rest.
Why this matters:
• No manual prep: Upload CSV or XLSX files in their native format. No template matching required.
• Automatic mapping: Penny Royalty reads, normalizes, and processes the data behind the scenes.
• Fewer errors: Eliminate copy-paste mistakes and broken formulas.
• Faster processing: Go from statement upload to writer balances in minutes, not hours.
Set Up Multiple Agreements by Royalty Source
Penny Royalty lets you create multiple agreements (admin splits) and apply them across any royalty source, i.e., Spotify, YouTube, ASCAP, AdRev, or any custom source you create. You can set catalog-wide defaults per source, and also override them track-by-track when a specific deal applies.
How it works:
• Catalog-wide defaults: Choose an agreement that applies to all tracks for a given royalty source.
• Track-specific overrides: Assign a different agreement to a track for one specific royalty source (without affecting other sources).
• Automatic fallback: If no agreement is set, Penny Royalty applies your default 50/50 split.
Create Professional Royalty Statements
Generate custom PDF royalty statements for your writers using Penny Royalty’s built-in templates. You can customize branding, select which royalty periods to include, and export or email them in just a few clicks.
Send Statements via Email
Once generated, you can email statements directly to each writer using your personalized email template. The platform handles file attachments and tracking, so your communication is always organized and efficient.
Track & Record Payments
After paying writers (via PayPal, wire transfer, or check), you can record those payments in Penny Royalty. Each payment is logged under the writer's profile and can be included in future royalty summaries.
Manage Multiple Writers With Ease
Whether you're a publisher, label, or manager handling multiple catalogs, you can generate statements and payments in bulk. Filter by unpaid statements, group by writer, and export everything in one streamlined process.